The media maintains claiming WallStreetBets is pursuing silver; WallStreetBets participants claim it’s a project to co-opt and also split them.
This episode is funded by Nexo.io.
Today on the Brief:
- Elon Musk talks bitcoin on Clubhouse
- India attempting to outlaw crypto?
- DEXs have finest month ever before in January
Our primary conversation: Has WallStreetBets been infiltrated by hedge funds?
Reddit area WallStreetBets ended up being heading information recently when its brief capture of GameStop (GME) almost brought a famous hedge fund to its knees. According to Twitter characters and also the conventional media, the area has actually currently transformed its emphasis to pressing silver.
Except, one general consider the subreddit reveals that isn’t the instance. Instead, it teems with messages concerning just how hedge funds and also media are attempting to advertise the silver tale to sidetrack and also split the area.
In this episode, NLW attempts to damage down what’s taking place and also says that since WSB has actually ended up being a market pressure, these type of efforts to affect its discussion are mosting likely to end up being au fait
See likewise: GameStop, Robinhood and also the Failure of Un-Free Markets
Image credit scores: Nicky Loh/Bloomberg using Getty Images