Jun 26, 2026 5:37 PM
SpaceX and Bitcoin are nothing more than "Trump trades" where early insiders are the only winners. This market frenzy is designed to let early shareholders exit right before the bottom falls out. We’re already seeing capital drain from Bitcoin to fuel SpaceX hype, while whales place massive shorts against both. Is SpaceX just a speculative bubble destined to leave late investors holding the bag, or is Krugman wrong about the value of these assets? What’s your take?
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