Billionaire investor Chris Sacca has been vocal about its support to meme-stock buyers. The billionaire warned new traders about the dangers of debt and raised attention about NFTs (non-fungible tokens) in several tweets over the past year.
Sacca’s 12 best tweets about meme stocks, crypto, and day trading over the past year:
1. “To everyone who got into trading stocks this year, I have a little hard truth for you: You’re not actually that good at it. You just caught a wild bull market. Take some money off the table.” (December 23, 2020)
2. “To the angry Robinhood bros who got into trading stocks this year: I was wrong. You’re amazing. This has nothing to do with the market. It’s all you and your mad skillz. Don’t take profits off the table. Double down, on margin. Borrow everything you can. Stonks never go down!” – responding sarcastically to backlash from day traders. (December 24, 2020)
3. “What percent of retail ownership of crypto is supported by leverage? What about stocks? I am beyond worried about the debt lessons that a generation of app traders weren’t around to learn a cycle ago.” (December 26, 2020)
