Elon has (temporarily?) killed/slowed down the corporate BTC buying narrative that buoyed the price during the last run. It appears that they’re concerned that buying #Bitcoin will awaken the ESG woke mob and open them up to negative PR. This excludes investment funds.
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It may take a few months for the market to recover and for the FUD to dissipate, but the deceleration of this run wiped out a lot of leverage and now looks like we’re slipping into what is (hopefully?) a short bear market and consolidation phase.
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Replying to @VinnyLingham
What do you mean hopefully?! I haven't made it yet

10:49 PM · May 29, 2021

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