Strategy diehards keep faith in company that ‘the market doesn’t understand’
Bitcoin hoarder’s business model has come into question but retail traders still view founder as ‘visionary leader’
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UK’s biggest bitcoin buyer eyes struggling rivals and FTSE 100 berth
Founder of Smarter Web Company, which has a crypto holding of more than £200mn, shakes off recent share price slide
Markets are banking on the ‘Bliss trade’
A belief in resilience underwritten by big lasting state support is keeping stocks high
Bubble-talk is breaking out everywhere
But more optimistic investors continue to bank on the cavalry arriving if things get really dicey
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour
Shares in bitcoin hoarders sink as ‘crypto treasury’ mania sours
Fundraisings have continued even as falling share prices leave some companies worth less than their crypto holdings
How investors should deal with instability
The market is navigating a regime where there is more volatility, dispersion of returns and changes in stock leadership