Yes it's happening folks. It's a playground for the riches, for the narcissistic egocentric billionaires who don't give a * if you are getting rich or you're losing all your money. They do it just because they can, to boost their stupid egos.
"Doge spelled backwards is egod" said Elon Musk once to reveal his god like narc personality. This guy likes being worshipped by the dumb sheep.
However, even if we're having a loss right now, more people are stronger than a few dumb billionaires and I'm sure BTC will come more powerful than before.
The history won't let Mr. Snake Musk escape with zero consequences.
To the Moon!
You're right! Crypto is a game of the rich and we can say even more, the leading digital giants decided to get all the money in the world and probably playing with crypto is exactly the opportunity for them to get, if not all, then definitely most of it. If we want to benefit from this game, then we need to understand that we will also play this game without rules. I believe that in the near future, the madness with the growth of crypto will only increase and this is a great chance to try to make money on it.