Fragility! Bitcoin, Ethereum Plunge As Gold Holds Steady

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by confoundedinterest17

Cryptocurrencies Bitcoin and Ethereum plunged today while gold held steady.

The fact that Elon Musk shot his mouth off and cryptos took a massive beating points to the fragility of speculative assets.

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Bitcoin value plunged after Tesla CEO Elon Musk on Wednesday said that his electric-car company will discontinue accepting the cryptocurrency as a form of payment due to environmental concerns.

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Elon Muscatel?

The Dow tanked as well.

 

 

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