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Wall Street's crypto guru says pot stocks feel like bitcoin last year — so he's shorting them

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Former Goldman Sachs macro trader Michael Novogratz is comparing recent growth in cannabis stocks to last year's record-setting gains in crypto.

 

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So he must still be short CRYPTO too then huh?

NBEV making a move after hours trading 🤔

This is dumb. There is a growing market for pot. $21 billion by. 2021

It does seem the proliferation of pot stock into market will outpace demand for the product completely. Evan if globally it moves forward, there's no way a market cap in the billions can be supported by legal recreational use. For CA it presumes every citzn uses.

No one cares what these manipulators say anymore

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