April 27, 2024

Crypto as an indicator of market sentiment

The entire crypt falls by 10% (plus or minus).
It's not about Mask (although the PR is excellent).

React to rising inflation
indexdollar and the fall of Nasdak.

Crypto can be viewed as an additional indicator of market sentiment:
when the market is set to continue QE and money supply growth, the crypt takes off.
When the market begins to fear inflation and the reduction of stimulus, the crypt falls.

The fact that journalists periodically associate movements in the crypt with the statements of Elon Musk is
free and very powerful PR of this Mask.

Elon Musk tweeted that
Tesla will stop accepting Bitcoin as a means of payment
because the company is concerned
"the rapidly growing use of fossil fuels for Bitcoin mining and transactions."
Musk noted that Tesla may accept other cryptocurrencies if they are less energy-intensive.
Also, the company does not intend to sell previously purchased bitcoins.

The rise of the crypt to historical hays reminded an anecdote.
A breathless visitor runs into the bar and asks for a quick glass of beer.
The bartender pours him a mug of beer, and he drinks it in one gulp.
– Let's quickly get one more before it starts!
The bartender pours another glass of beer, and he drinks it in one gulp.
- Pour more quickly before it starts!
— Okay, here’s the bill, do you pay in cash or by card?
- Well, it’s begun… …

Respectfully,
Oleg.