Michael Batnick
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Podcast Appearances
I would have thought that if this was going to go south, and obviously it might, we'll find out in a couple of weeks, I probably would have thought that shares of Tesla, in anticipation of raising money to buy this deal, I probably would have thought that shares of Tesla would sell off in front of this.
And it hasn't.
Is there any signal in there to you whatsoever?
You know, it's interesting.
I thought that a lot of the narratives that I'm seeing out there are an artificially low flow to inflate the stock.
And then the index inclusion is just further pumping.
So you know what?
Who cares what I think?
Throw up this polymarket thing.
By the way, this to me, this is the vision and the premise, in my opinion, of prediction markets.
This shit can't be gamed.
Nobody knows where this is going to lay.
But I take a decent amount of signal in something like this.
I think this is very cool.
I mean, well, they'll get there.
They'll get there.
But it's not nothing, dude.
So most of the money is, and this is the closing market cap, I guess, on day one.
Most of the money, and to Josh's point, it's not a gigantic, but it's $143,000.
It's not nothing, is between $2 and $2.5 trillion.