Seeking Alpha
2021-09-14 09:08:29

Athena Bitcoin Global Looks Overvalued Based On Fundamentals

The company operates cryptocurrency ATMs across the Americas, including El Salvador.El Salvador has just made Bitcoin a legal tender and many news organizations around the world are mentioning Athena Bitcoin Global in their articles.In my view, this has led to a significant amount of free publicity for the company, which is likely the main reason its market cap has surpassed $130 billion.There are no shares available for borrowing and it seems there could be a short squeeze going on.Short squeezes rarely last long and I’m bearish.

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