Loans are Bailouts and other Bitcoin truths. Bitcoin Tech Talk Issue #225
Nothing quite brings out righteous indignation like an obvious power-play. No, I’m not talking about the election, I’m talking about Gamestop, Wall Street Bets and the SEC.
The details of the saga are well known. Lots of options buying, a gamma squeeze on uncovered calls which led to a huge short squeeze sending the stock into the stratosphere. This led to some power moves behind the scenes which led to many brokerages allowing only selling of the stock and not any buying, which led to a lot of righteous indignation and calls for justice.