- A Reddit user claiming to be a Tesla insider appeared to announce the carmaker’s purchase of bitcoin a month ago, according to a January post on the platform that said the electric carmaker had bought $800 million worth of Bitcoin.
“I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. The power of social media users on forums such as Reddit’s WallStreetBets to band together and move prices has come into focus in recent weeks, after a surge of retail buying helped fuel wild rides in shares of GameStop and other so-called meme stocks. U.S. Treasury Secretary Janet Yellen last week vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action.
And what did he/say say about when Musk will bail out?
So many people are investing in Bitcoin but will it help the world or will it just create greater inequality. Crypto blockchain
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Source: Reuters - 🏆 2. / 97 Read more »