Post
Topic
Board Economics
Re: Bitcoin doesn't care about Tesla and Amazon
by
tygeade
on 02/08/2021, 21:00:14 UTC
Sometimes I wonder why the media is always saying that Bitcoin’s price went up because of Tesla and Amazon or maybe one of these big influencers, because I really don’t see it that way. Of course I do know that these people can make an impact, such as Tesla making a billion dollar investment in the cryptocurrency market, but then you can’t saying that every move they make is affecting the market.

We were already looking forward to an increase even before these companies into the picture. The halving alone was enough to lead to up trend, and moreover there are times Bitcoin goes up and down, so it doesn’t have anything to do with these companies.