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In reply to @cno
tim šŸ„@timdaub
3/18/2023

this also confused me. I donā€™t get this financially much, but since his side of the bet is broadly considered the more unlikely, couldnā€˜t he have bid less and the other side would have had to take the bigger position? Not sure tho, because his big confidence of USD going to zero flips the odds in his view, right?

In reply to @timdaub
Shane Glynn@cno
3/18/2023

One view is that itā€™s beer money for him, he can afford to throw around $1M to make a point and get some press.