Bloodbath in the crypto and stock market today like - places getting margin called and the fed silently bailing places out apparently.
Some people think Musk timed his announcement to fuck with short hedge funds.
They’ve been preparing for the feds’ liquidity tests all week by flogging off loads of stuff. They get all ready for the test today and then Musk rug pulls at the last moment knocking off a massive wedge of their bitcoin and other crypto value making them fail the tests.
Gotta respect that hustle if true.
