Jim Chanos on the Nuttiness of 'Bitcoin Treasury Companies'

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 30 June 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

For awhile there was just MicroStrategy (which has since been renamed as Strategy.) It started buying Bitcoin, and then raised money to buy more Bitcoin, and the stock has done phenomenally well, despite the company not doing much else beside holding Bitcoin. But now it has spawned numerous copycats all doing the same thing. But the question is why? Why are people willing to buy shares of a company that owns Bitcoin, rather than just buying Bitcoin outright (which anyone can easily do now that there's an ETF)? On this episode of the podcast, recorded live in New York City, we speak with famed short-seller Jim Chanos about this phenomenon. We also talk about NYC real estate in the age of Zohran Mamdani, the latest at Tesla, private equity, and whether AI can replace people who understand accounting.

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0:00.0	This is an IHeart podcast.
0:04.0	This episode is brought to you by Charles Schwab.
0:07.5	When is the right time to sell a stock?
0:10.0	How do you protect against inflation?
0:12.2	Financial decisions can be tricky.
0:14.4	Your cognitive and emotional biases can lead you astray.
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0:50.8	live.com slash sbs dash Singapore.
1:02.8	Bloomberg Audio Studios, Podcasts Radio News. Hello there, Odd Lots listeners.
1:15.5	You are about to listen to a very special episode.
1:19.4	This is a conversation recorded live at our recent event in New York.
1:23.8	That's right.
1:24.2	We had a live Odd Lots event on June 26th.
1:27.0	We had tons of conversations. We're going to be rolling them out in the That's right. We had a live oddlots event on June 26th. We had tons of conversations.
1:28.9	We're going to be rolling them out in the days ahead. But the first one we want to bring you was our
1:34.2	headliner for the night, Jim Chanoes. That's right. The famed short seller, he was there giving us
1:40.8	all his thoughts on the market right now. So take a lesson.
	...

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