Comments by "Samson Soturian" (@samsonsoturian6013) on "Elon Musk’s Power Over Crypto, Explained | WSJ" video.

  1. That's not an investment.
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  2. Nah. Not even President Biden could pump the dollar. First, there's a lot more dollars in existence. Second, most crypto has never been spent and is simply retained as an investment (like gold), meaning that only a small portion of it is circulating at any given time and smallish amount of traders can seriously effect the price. Third, and most importantly, the Fed controls how many dollars are in existence and will do everything they can to keep it stable.
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  3. He was saying the same thing a lot of fools on this very thread are saying. Mr Musk just had a lot more followers and some of them have money.
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  4. Nah, it's a detailed breakdown and not a soundbite. Quality reporting doesn't happen overnight.
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  5. And of course the guy pumping crypto is a scammer and not WSJ
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  6. I liked him better when he was blowing up expensive rockets...
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  7. Warren Buffet explained it this way: If you own a farm, it may or may not increase in value, but you also have profit from the crops year after year. If you own gold, it will last forever and its price will fluctuate, but it produces nothing. Crypto is even worse as it's just code, and becomes completely worthless if the internet is down.
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  8. Or teach yourself like I did. Or just buy a total market ETF and not worry about it. Lose the expensive middleman.
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