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Tom Winnifrith Bearcast: No No No, you Bitcoin cultists! You are kidding yourselves, but nobody else

By Tom Winnifrith | Sunday 19 June 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I have received a number of comments about yesterday's Bearcast. I address some of those cultists, speaking out from the last redoubt.  Then, prompted by Three Brains, I look at what a PE of 5 means as a guide to value, and why it can so often mean nothing at all.

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