#Bitcoin's price nosedived to under $45,000/BTC yesterday after @elonmusk insinuated that @Tesla may have sold off its bitcoin holdings. This is just more evidence of how prices of speculative assets behave. It only takes a tiny bit of news for prices to soar or plunge.
We had 3 months of sideways BTC price action, with Coinbase equity and MicroStrategy weakening, GBTC premium falling off a cliff...this sell-off isn’t about Elon, that was just the excuse for BTC to follow the institutional flows. Zooming out, this is consolidation ahead of
Elon i invested my Entire life Savings into funny internet coins and have lost multiple thousands because of your tweets i have been kicked out of the house and if i do not make the money back i will never see my kids again can you please make the price go up again thank u Sir