So, it's like I've been telling you guys for a while now. The crypto and digital asset space is a microcosm of what's happening in the rest of the global economy.
Take this headline for example. ...
Many of you will no doubt recall the crypto version of this story that played out recently, in which the token known as Link was trashed by a financial analysis report done by a company called Zeus Capital.
The document was rather quickly outed as a biased report as Zeus mentioned that they were short, and the price of Link kept pumping for the next few weeks.
Well, the big difference here is that Hindenburg's report does seem to have had a sizable impact on market prices. It's quite puzzling to see two reports that are so similar in nature and allegations have such a different effect on investors.
True, they are two completely separate projects in totally different industries and markets, but in my mind, this is probably a matter of timing more than anything.
Zeus's mistake was likely that they published their report right in the middle of a strong upward price surge, which is like standing in front of a zooming train. Hindenburg's piece, on the other hand, was quite well-timed, being released months after the stock had peaked and shortly after the announcement of Nikola's partnership with General Motors.
Yes, time in the market is better than timing the market, but many times, timing is everything.