The grifters don’t leave when the music stops. They leave when the fire starts.
Crypto is going through its cyclical 4 year forest fire to clear the deadwood, enrich the soil for next cycle.
ACKMAN MAKES $2B BET ON META
Bill Ackman’s Pershing Square revealed a major new stake in Meta, making up 10% of its portfolio, or about $2 billion. The firm sees Meta as a top beneficiary of AI, boosting ads, content, and future products like wearables and digital assistants.
Despite recent share declines, Pershing Square began buying in November at around $625 per share, with the stock rising since.