Hedge Fund Managers Betting Against Stocks Because of Crypto

Today, Paul has someone reach out to the show asking if there is something to hedge fund managers betting for the market to drop because of what is going on in crypto markets. Paul answers the question and tries to explain the nuance of why hedge fund managers are notoriously bad at making these predictions and why crypto, as a commodity, will have a very hard time affecting the bottom line of companies and stock prices. Later in the show, Paul addresses whether or not Bitcoin could compete with the dollar as a currency. 

 

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