this kerrisdale (hedge fund) thing is honestly the best litmus test I think I’ve ever seen in this space 😂
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In what sense?
Not paying attention. Should I?
I strongly recommend just reading (shock! horror!) the short report. it’s the most bullish thing I’ve seen in a long time:
https://www.kerrisdalecap.com/wp-content/uploads/2024/06/RIOT-Kerrisdale.pdf
nah probably not
what they *actually said* is incredibly bullish for bitcoin but most bitcoiners appear to have reading comprehension difficulties so they think it’s bearish, stupid, or both.
just read 3 pages and its amazing. This will age like blue cheese 👌
what if you're allergic to penicillin?
Either they're right and hash rate keeps growing and miners decentralize away from the US to cheaper and more off grid power sources, or they're wrong and miners pump during the bull causing them to be short squeezed on RIOT once again emphasising the importance of being humble and stacking sats.