John McAfee is using some sort of black magic to try to justify not eating his own dick.
Seriously wtf is wrong with people? How have all the rubes willing to buy at that price not lost all of their money already? Also interesting that this coincides with Tesla's boom, which is also famously volatile.
Why hedge there when you can buy far dated puts on a stupidly overpriced ipo like doordash. These companies that have demonstrably terrible business models that are propped up by vc money are going to crash hard if it all comes tumbling down AND betting on doordash losing value is likely just a sure bet regardless. It's a safe bet either way. This is the way I'm choosing to hedge my portfolio right now
That's actually a pretty good strategy. Food delivery and the gig economy is entirely unsustainable imo. I love how it's been revealed that Uber is basically a money laundering scheme for the House of Saud and nobody cares.