$BTC

According to ChainCatcher, Wall Street's well-known short-seller Jim Chanos is betting on Bitcoin while shorting MicroStrategy. He points out that MicroStrategy is adopting a high-leverage strategy of buying Bitcoin, driven by retail enthusiasm, with its stock price far exceeding its actual value.

Chanos stated, "We buy Bitcoin at $1, which is equivalent to selling MicroStrategy at $2.5." He criticized the growing number of companies mimicking MicroStrategy, selling the logic of holding Bitcoin as a company = high valuation to retail investors and called this practice absurd.

In the past year, MicroStrategy's stock price has soared over 220%, while Bitcoin has only increased by about 70%. Chanos believes that these trades reflect arbitrage opportunities in the market and a rise in retail speculation.