Re:$365B wiped off cryptocurrency market after Tesla stops a...
by uncomputation on Thursday May 13, 2021 @02:29PM
(#27145541)
If the market of crypto was less of a bull run, I’d be inclined to agree, but a lot of the people in it right now are driven entirely by pumpers/peddlers (Anthony Pompliano, Michael Saylor, David Gokhshtein, etc.), Elon Musk tweets, and speculation/wanting to strike it rich. I think when the market is this speculative, it’s fair to blame a downturn on one event (with a pretty close timestamped correlation - you can see BTC tumble after Elon’s tweet and DOGE after he called it a “hustle” on SNL).
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