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Short King Contrarian: Jim Chanos Flips Script With Bitcoin Buy—While Still Betting Against It
Short King Contrarian: Jim Chanos Flips Script With Bitcoin Buy—While Still Betting Against It
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Wall Street’s most notorious skeptic just made a move that’ll trigger cognitive whiplash. Jim Chanos—the man who built a career shorting Enron and Tesla—is now buying Bitcoin. But don’t cue the bull horns yet.
The twist? He’s still shorting crypto miners. Classic Chanos: hedging his dystopia.
Why the pivot? Maybe even permabears get FOMO when BlackRock’s ETF inflows hit $15B. Or maybe he just enjoys watching goldbugs and crypto bros short-circuit simultaneously. Either way, it’s a masterclass in Wall Street theater—where every contrarian play gets a standing ovation (and a 2% management fee).
One thing’s certain: when the guy who called WeWork’s implosion starts dabbling in digital gold, it’s time to check your portfolio—and your priors.
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