Post
Topic
Board Economics
Re: Bitcoin doesn't care about Tesla and Amazon
by
Oceat
on 07/08/2021, 16:41:50 UTC
Yeah, Bitcoin price doesn't care much about Tesla or any other company now. It doesn't fluctuate too much like the old times when these companies make a statement like they are going to hold Bitcoin or to accept payments with Bitcoin. I like that the market is getting more resistant against these kind of manipulations.
It's just a simple demand and supply logic and you will get the results.

But it seems to me that nobody wants to ride the hype this time after Elon did some statements after leaving Bitcoin that causes the market to fluctuate down and it's clear to the investors that Elon is just manipulating the market that's why they won't want it to happen this time again.

Plus the News supported it that Amazon has no interest in investing Bitcoin or not accepting Bitcoin as a payment that's why there's no fomo this time. One thing that got me thinking about what makes the market to suddenly pump this time? I know there's a lot of factors for this to happen but it's just too much.