The agency sends a newsletter to its customers, in which it informs them about companies that it believes to be overvalued or noticed to be engaged in fraud, scams, etc. It also strives to identify frauds on financial markets and seeks to expose terminal business models.
The reason here is that they have decided to respect the irrationality of the market. Here they made a mention of Dogecoin as an example of a similar asset, which is worth $20 billion in terms of market capitalization and is sort of representative of “the market’s irrationality”: “We respect the market’s irrationality. After all, Dogecoin remains a $20 billion entity.”
According to Reuters, though, founder of Citron Research Andrew Left said that should GME reach $45-$50 per share, he would begin shorting it again.
Those two influencers were Anthony Scaramucci and Jan3 chief executive Bitcoin maximalist Samson Mow. The latter believes that, in that case, both BTC and GME would see “Godzilla candles” immediately.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
