Re:$365B wiped off cryptocurrency market after Tesla stops a...
by acchow on Thursday May 13, 2021 @04:17PM
(#27146849)
Tesla's announcement was about the environmental impact of bitcoin. Proof of work coins are down precipitously whereas the main proof of stake coin (Cardano) is up significantly. The timing with the announcement is more than just "macroeconomic effects".
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Re:$365B wiped off cryptocurrency market after Tesla stops a...
by kvz on Thursday May 13, 2021 @05:12PM
(#27147527)
I wouldn’t be surprised if they bought Cardano’s ADA ahead of this. It’s the biggest crypto that already implemented proof of stake, so the most likely place anyone seeking refuge may move value to, increasing its price dramatically. This could make it a dump & pump, if that makes sense. Dump BTC with a claim that pumps ADA.