Leaving the Matrix: Gamestop, The Stock Market, and Bitcoin
I started to write a piece on Game (GME) when it was selling a $347. Today, Gamestop sits at $49.00. When it was a $347 a share, the company was valued at $22 Billion. Now, at $49, it is more like 3.5 Billion. That is a loss of 18 Billion dollars.
Where did the money go?
Here’s the lesson for today. Like the matrix, when there was no spoon, there never was any 22 Billion dollars. It was fiction, the appearance of money created out of ether. All the trading accounts all over the word that went up, all of…