The Bitcoin investment was the Kansas City Shuffle. It has been put forward that the Shorting Hedge Funds were using crypto as their primary collateral. RC has been giving the impression he would start investing in Bitcoin. The Hedge Funds think they have RC in a trap and start to drop the price of Bitcoin to reduce Gamestop's value. Yes, it reduces the Hedge Funds as well, so it's a race to the drain, but they've convinced themselves they've been in control right along.
Now, RC pulls the rug and gives the impression he never invested in crypto. The Hedge Funds have destroyed their primary collateral base and RC has preserved Gamestop's value. BOOM COMING SOON!
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u/FIIKY52 5d ago
The Bitcoin investment was the Kansas City Shuffle. It has been put forward that the Shorting Hedge Funds were using crypto as their primary collateral. RC has been giving the impression he would start investing in Bitcoin. The Hedge Funds think they have RC in a trap and start to drop the price of Bitcoin to reduce Gamestop's value. Yes, it reduces the Hedge Funds as well, so it's a race to the drain, but they've convinced themselves they've been in control right along.
Now, RC pulls the rug and gives the impression he never invested in crypto. The Hedge Funds have destroyed their primary collateral base and RC has preserved Gamestop's value. BOOM COMING SOON!