Elon Musk – the Jerome Powell of crypto
This column was first published in SvD Näringsliv, in Swedish, on May 24th, 2021. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. $1 trillion went up in smoke in last week’s cryptocurrency crash. Elon Musk and China got most of the blame, but the problem showed a deep contradiction among the proponents of cryptocurrencies. When Tesla’s CEO Elon Musk tweets about cryptocurrencies, the market moves. Mostly upwards, as […]