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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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From: Julius Wong	5/16/2021 6:35:41 PM
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Elon Musk and Bitcoiners engage in all-out war; Bitcoin dives to cycle low May 16, 2021 6:00 PM ET Bitcoin USD (BTC-USD) By: Stephen Alpher, SA News Editor 102 Comments "We were anticipating nation states and central banks, but instead got an emotional billionaire with a Twitter account," tweets Anthony Pompliano. A full-out shooting war has broken out today between Elon Musk and Bitcoin ( BTC-USD) fans, with Musk suggesting a couple of hours ago that Tesla (NASDAQ: TSLA) has already or intends to unload its $1.5B in bitcoin holdings. Musk began Sunday afternoon by making fun of Microstrategy's Micahel Saylor (NASDAQ: MSTR), and things devolved from there. At one point, Musk pointed out that he's the guy behind PayPal ( that's arguable), and how dare Bitcoiners try to tell him how money works. That provoked the natural response that Bitcoin is the anti-PayPal (i.e. decentralized vs. centralized). Bitcoin fell as low as $44K this afternoon, and is currently down 6% to $45.2K, now 30% off from an all-time high hit a few weeks ago. Ethereum ( ETH-USD) is down 7.5% to $3,485, and Dogecoin ( DOGE-USD) is off 4.5% to $0.49.

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