Elon musk net worth is like the entire market cap of Ethereum.
Think about how rich this man if he put all of his money on eth it doubles overnight.
let me know your opinions.
It is all on paper. Do you think there is enough liquidity to support the prices if Elon decided to sell his position for cash? I don't think so. The moment he decides to cash out, the prices would crater very fast. Those rich on paper people aren't as rich as you think they are. I am not saying they are living paycheck to paycheck but is not like they can buy out the whole world. It is all an illusion of wealth.