It's not worth discussing BTC, TSLA, GME, or HTZ. That is missing the forest for the trees.
The degradation of even the appearance of an orderly market is the story. The money movement (volume of excess trades X magnitude of price change) seems out of reach of unleveraged retail. Faith in private and public institutions is justifiably poor, but also under organized attack.
This is going to end badly for everyone, except perhaps for China.
The degradation of even the appearance of an orderly market is the story. The money movement (volume of excess trades X magnitude of price change) seems out of reach of unleveraged retail. Faith in private and public institutions is justifiably poor, but also under organized attack.
This is going to end badly for everyone, except perhaps for China.