'We have reached the "Fartcoin" stage of the market cycle' - David Einhorn

Investing.com

'We have reached the "Fartcoin" stage of the market cycle' - David Einhorn By Investing.com

"We have reached the 'Fartcoin' stage of the market cycle," Einhorn wrote in an investor letter obtained by CNBC.

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David Einhorn says we have reached the 'Fartcoin' stage of the market cycle

CNBC/Heidi Gutman/CNBCIn his latest letter, David Einhorn questioned the rise of meme coins with no intrinsic value."It's anyone's guess as to what will happen next, but it feels like it's going to be wild," he said.He said his firm was short two leveraged bitcoin ETFs and the trade was a "winner" last quarter.David Einhorn isn't sold on the latest bout of crypto mania.The billionaire founder of Greenlight Capital telegraphed his skepticism in h…

Business Insider

The market has entered the 'fartcoin' stage of the cycle, says billionaire investor who's staying out of crypto

David Einhorn’s Greenlight Capital is keeping Big Tech at arm’s length, along with crypto. Here’s what the hedge fund has been buying lately.

MarketWatch

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Einhorn says the market is at the fartcoin stage of the cycle. His fund bought Peloton and made these moves.

"We have reached the 'Fartcoin' stage of the market cycle," Greenlight Capital founder Einhorn said in a letter to partners dated Tuesday. Read more here.

Seeking Alpha

Greenlight Capital's David Einhorn says U.S. markets have reached 'Fartcoin' stage (SP500)

Investing.com -- David Einhorn of Greenlight Capital recently discussed the current state of the cryptocurrency market, pointing out, "[w]e have reached the "Fartcoin" stage of the market cycle."
Fartcoin, a digital currency created last year, has seen an incredible rise from a nominal value to…

BizToc

Greenlight Capital’s David Einhorn believes the current bull market has taken speculative behavior to absurd levels. “We’ve entered the ‘Fartcoin’ stage of the market cycle,” Einhorn wrote in an investor letter as reported by CNBC. “Beyond trading and speculation, it serves no meaningful purpose or satisfies any need not already addressed elsewhere.” The term “Fartcoin” […]

Bitcoin Insider

Why David Einhorn believes ‘we’ve entered the ‘Fartcoin’ stage of the market cycle’

In his latest Q4 2024 Letter, David Einhorn discusses the rise of Fartcoin, a cryptocurrency that surged in value despite lacking intrinsic utility. He compares it to past speculative assets like Dogecoin, which similarly gained value through hype and trading interest. Einhorn argues that cryptocurrencies resemble collectibles such as art or baseball cards—valuable only because people agree they are. He acknowledges speculation’s appeal but pref…

Stock Screener - The Acquirer's Multiple®

David Einhorn On Memecoins and Market Bubbles | The Acquirer's Multiple®

The post David Einhorn says we have reached the ‘Fartcoin’ stage of the market cycle appeared on BitcoinEthereumNews.com. David Einhorn, President at Greenlight Capital, speaking at the 14th CNBC Delivery Alpha Investor Summit in New York City on Nov. 13th, 2024.  Adam Jeffery | CNBC Greenlight Capital’s David Einhorn thinks speculative behavior in the current bull market has ascended to a level beyond common sense. “We have reached the ‘Fartcoi…

Bitcoin Ethereum News

Greenlight Capital’s David Einhorn believes the current bull market has taken speculative behavior to absurd levels. “We’ve entered the ‘Fartcoin’ stage of the market cycle,” Einhorn wrote in an investor letter as reported by CNBC. “Beyond trading and speculation, it serves no meaningful purpose or satisfies any need not already addressed elsewhere.” MiloX Trading@CryptoMilox·FollowDavid Einhorn has declared we’ve hit the ‘Fartcoin’ phase of the…

'We have reached the "Fartcoin" stage of the market cycle' - David Einhorn By Investing.com

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