Black Wednesday in the crypto market: How did crypto influencers react to it?
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Answer Black Wednesday in the crypto market: How did crypto influencers react to it?
There are those who taunt the crypto market as a magic market that can send your wallet to the moon or bury it underground, all it takes is an eccentric billionaire who has plenty of time to fire less than 280 characters and then mayhem.
Yesterday, Wednesday, the crypto market suffered from bloody signs, whether related to bitcoin or altcoins, as the crypto market fell by more than $500 billion.
Now, almost most of the portfolios are affected by this sudden and strong decline.
Here are the most important statements and what major crypto influencers have to say on Twitter:
Elon Musk:
Elon Musk and his tweets have become increasingly in control of this market, which is designed to be decentralized, where, in some simple words, he doubles or reduces the price of Bitcoin.
Read:An Ethereum-based asset management platform loses more than 37 million cryptocurrencies
It can be said that Elon Musk is now one of the most influential crypto market ever.
After all, Musk is at least partially responsible for the current decline in the value of Bitcoin.
But yesterday, with the strong decline of Bitcoin, he tweeted some emojis that hinted at the strength of his company, “Tesla” in preserving Bitcoin.
The electric car company had previously invested $1.5 billion in Bitcoin in February, and according to Musk, it has not sold it yet:
Michael Saylor:
In the hard landing, Michael Saylor, president of the cloud software company MicroStrategy and one of the biggest Bitcoin enthusiasts and promoters (his company currently owns $4.5 billion in Bitcoin) was quick to say he was unaffected by the bloodbath.
He said in one tweet:
The entities I control have now acquired 111,000 bitcoins and have not sold a single satoshi
Adding in another tweet:
I do not sell.
Anthony Pompliano:
Anthony Pompliano, one of the crypto influencers commented:
Volatility is the name of the game.
Changpeng Zhao:
Changpeng Zhao, CEO of the world’s largest trading platform, explained that holding is the best thing to do right now. And he wrote:
If you panic about selling, you won’t be rich with cryptocurrency
Peter Schiff:
Of course, as expected, Bitcoin haters are also present in this drop, as they said that this is proof that the currency is bullshit.
Read:WisdomTree Submits Application to Launch Bitcoin ETF
One of the most active crypto skeptics, Peter Schiff, said on Twitter:
Today the debate must finally be resolved.
Bitcoin is not a safe haven, an inflation hedge, or a storehouse of assets of similar value to gold.
It is a highly speculative digital token that is traded with other high-risk assets.
while I said Cathy Wood, CEO of Ark Invest Investment Management, in an interview with Bloomberg Inn:
Some traders dump and run away.
Evidence is that Bitcoin is in a capitulation stage or is the perfect time to buy.
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