Just as the COVID CRISIS did not ruin people lives enough, ELON MUSK tweet and also follow up publications empty the pockets of people who were keeping their savings in CRYPTO currencies!!
Musk, whose criticism of bitcoin’s energy use coupled with a suggestion Tesla could sell its $1.5 billion in holdings acquired earlier this year, helped tilt the digital currency into its biggest tailspin of the year on Wednesday.
However, the carnage quickly receded following yet another Musk tweet later on Wednesday that included emojis of so-called diamond hands, images that are typically interpreted as indications of a “hold” strategy for key assets.
This move gave the people trading with the assets a big wind in the back and he once more showed to the world how much of an IMPACT he holds on the Virtual Economy.
Bitcoin has returned 37.43% year to date, while Ethereum has soared more than 262%.
To be sure, Musk wreaking havoc on the cryptocurrency market is not amusing those in the crypto community.
Bitcoin enthusiast, author and entrepreneur Timothy Kim responded to one of Musk’s numerous tweets, calling him the “most hated person in the world right now.”
The question everybody is asking themselves now is where will the curve go next???
The reason why more and more people all around the globe are hurling into the crypto trade is because they want to use the all time low prices and expect great returns in coming months.
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