sure bitcoin was fine on active users— with strong new customer adds— but guidance was weak in fact management didn’t even bother
@wintonARK CNBC lined up the bubble theorists tonight, guess tomorrow they will bring Roubini, El Erian, 'Valuation' maestro Damodaran ... again attacked Cathie Woods suggesting her 'conclusions' were not 'serious'.. and what's happening was predictable ... Are you guys still confident?
@wintonARK Bitcoin management team is twitter warriors!
@wintonARK These are not the droids you are looking for
@wintonARK Guidance was the consistent rate of dilution. This is step change in predictability. All actors become more efficient. Bitcoin is a paradigm shift in economics for this reason. This is the difference between bitcoin and other tokens this is the most important fact of the century.
@wintonARK And the Ponzi scheme comes apart rapidly. Smart of you to try to distance yourselves from your earlier iron clad convictions but the fact is ARK continued to pump all these terrible investments even as smart money and institutions cashed in. Con artists robbing retail investors