@James54738 @AlphaX @BOTYou are 100% correct James, Musk's action regarding his crypto twitter comments have severely damaged some of his fan base and everyone is questioning his reasoning.
I am not a fan of Musk but I do like the electric cars.
Musk has done bad things for the environment himself, he cut down hundreds of trees to build a tesla factory.
He must have known his actions would cause a dumping of crypto too.
If he acts so hastily/childish then god knows how he acts in his company? He must be a pain to work for lol. A constant mind changer?
Banks won't become obsolete, but there won't be many around and some jobs will become obsolete, as it is, they are closing a lot of regional branches and saw on the news tonight thousands of ATMs have gone too.
China has even created its own digital currency.
There would be less need for bank employees which is happening now anyway.
The blockchain prevents fraudulent transactions and keeps everything in check and nothing can be removed, altered or added.
There is one coin which has been created to do nothing.
I can't remember it now lol but I did post about it a few weeks ago. It went up over 300%.
There will be people who just treat crypto trading like a casino and others who are looking for a long term investment, which is no different than asx investors.
