Another Bitcoin is going to die Media scare coming you way per the Wall Street Journal this morning. The big boys just can’t stand it that the little guy was way ahead of them in the crypto movement.
They of course are talking about Bitcoin dropping 17% for no reason last Saturday. Well mainstream, Bitcoin is up 10x in a year and other crypto is up life changing amounts of % such as DOGE, BNB, ADA, etc.
The media and financial gurus are talking about leverage. Looking for a story. Leverage exists everywhere. There are just more people not using leverage in the major financial markets that are always buy only than the much smaller crypto market. As more people enter the crypto market the leverage and whales will begin to not control as much power with the movements IMO. But leverage exists everywhere, get used to it. This is just another media hating Bitcoin article that will go away when we hit all time highs again. Margin debt is everywhere. Buy Low and sell high, ride the leverage waves.
Funny, just replace GME with Bitcoin and republish. Is another story pushing the narrative regular people should not be allowed to do these things, trust the investment banks and hand over your control please.
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It’s comical the media and the clickbait that is pushed. 90% of American media is negative and absolute trash.