Nvidia is doing a 50 billion stock buyback. This is like 850k bitcoin or 4% of the total bitcoin supply.

Stocks buybacks were ilegal until 1982 when the SEC legalized them.

There’s a reason they were prohibited. Because stocks buybacks are a financial crime, that destroys incentives, production and value creation.

This is top fiat, clown world behavior.

Nvidia is a big house of cards. This is a nonsense “market” if we can still call it like this.