He told people not to buy when prices were running up near $20k in late 2017.
He was going to launch his fund then and said he was selling his personal holdings so he didn't feel comfortable telling clients to buy while he was selling. Therefore he delayed launching that fund...
Actually...
Not always. :)
He told people not to buy when prices were running up near $20k in late 2017.
He was going to launch his fund then and said he was selling his personal holdings so he didn't feel comfortable telling clients to buy while he was selling. Therefore he delayed launching that fund...
This was a smart move not to launch on the top.
Yes plus it was a major conflict of interest. Selling person holdings while buying same holdings for clients...