You said the market felt frothy. What made you say that?
Replied byFred Thiel
Chairman and CEO, MARA Holdings at MARA Holdings
Niche: Cryptocurrency, AI, Technology, Finance
Revenue: $1M+/month
Location: USA
Started: 2010
On our Q2 earnings call I said the market was getting a little frothy. We had huge tailwinds from institutional buy in, big inflows to ETFs, and a lot of expectations around Fed rate cuts. When that many positives stack up, people crowd into the same trade, and it gets fragile fast.
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