This Anti-Crypto Tech Fund Is Actually Up This Year
Seligman chief Paul Wick names the tech specialist’s favorite crypto shorts, and explains why it is once again betting against Netflix.
The stunning collapse of cryptocurrency exchange FTX may have rocked Wall Street and many of its luminaries who have embraced bitcoin and related businesses. But not Seligman’s Paul Wick. In fact, he’d been expecting a crypto collapse.
“The recent implosion of cryptocurrency exchange FTX underscores our belief that the entire crypto market is a massive Ponzi scheme,” Wick told clients in his third-quarter letter, dated November 29 and obtained by Institutional Investor.