The value motion is enjoyable, however the bigger significance is about decentralized options to at present’s monetary system. This episode is spon
The value motion is enjoyable, however the bigger significance is about decentralized options to at present’s monetary system.
This episode is sponsored by Nexo.io.
Final evening, Tesla and SpaceX founder Elon Musk modified his Twitter profile to a single phrase: “bitcoin.” He additionally tweeted a cryptic message: “In Retrospect, It Was Inevitable.”
The value of bitcoin surged within the wake of the tweet, as did Google searches for “bitcoin.” The value will increase liquidated some $387 million in brief positions.
On this episode, NLW breaks down the market response to Musk, the importance of the tweet and why all of it connects to the bigger story of WallStreetBets, Robinhood and shifting monetary energy.
See additionally: Elon Musk-Prompted Bitcoin Value Surge Causes Liquidation of $387M in Shorts
Picture credit score: Kevork Djansezian/Getty Photographs Information