thephatmack
Pro
FED money yes.. true institutional buy in / I.e banks was not real. It was fake news to help the pump..It jumped because of cheap FED money, and institutions buying in. It still was trending upwards regardless.
If it traded in the thousands for years without big money backing, or fiat brokerages, why would it now go to zero? That makes no sense.
Tesla bought but I am.pretty sure it's not a crazy amount and who knows what they hold now.. Tesla are also dodgy audit wise and will be investigated within 3 years.
Regardless of our argument.. expect events with FTX to tip.the scale even further away from institutions and proper hedge funds.
While hot off the press Kevin O Leary just said under oath that Binance took.FTX down & whether it was a cover or not.. they will get investigated and it will cause a crazy domino effect like never before seen.
They are coming after influencers too....finally.
Influencers are behind nearly all the corruption in the space..
PS the term shyttcoin was done for marketing..
But the true sh!1coin ... in terms.of scalability and use cases... well we are discussing it now.
While I am talking crypto.. I used to have alot of XRP but I saw an interview the other day with Brad and now think the SEC are right! I mean how do they have so much money without any major customers.
Its impossible..
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