there have to be some regulations in place. Bitcoin started out with good intentions but in the end, it mainly made rich people even richer, and didn’t December Girl I Have 3 Sides The Quite Sweet Side Shirt way. The problem with regulation is that once you start it never ends. At some point the Cryptomarket will just be another Wallstreet with eight year Ivy league degrees required to play. Go ahead and stick to fiat if you want to embrace regulation (which btw literally exists to make the rich richer, see how the SEC did nothing to Robinhood, was cozy with Bernie Madoff, etc). Crypto allows poor people in places like Venezuela to preserve their wealth against mass inflation, allowed me to rise from poverty to middle class, etc. Not sure where you’re getting this “only rich get richer with crypto” bullshit.
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I highly doubt he is causing crypto to crash for a profit, dude is already rich as fuck. The market just December Girl I Have 3 Sides. The Quite Sweet Side Shirt person to take an interest in crypto. I think it’s funny how reddit has this cartoon villain image of Elon laughing while the market crashes ‘Haha I did it again! Those fools!’ He either doesn’t consider the weight his words have on the market or he just doesn’t care. Either way bitcoin will probably bounce back up into the mid 50s soon. I guess this could be a move to secure Tesla in case of a major drop on the stock market. Naked short selling, rehypothecation and other risks could lead to another bubble burst like 2008. For more info I would suggest to check some DDs in.
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