Elon Musk – the Jerome Powell of crypto
This column was first published in SvD Näringsliv, in Swedish, on May 24th, 2021. $1 trillion went up in smoke in last week’s cryptocurrency crash. Elon Musk and China got most of the blame, but the problem showed a deep contradiction among the proponents of cryptocurrencies. When Tesla’s CEO Elon Musk tweets about cryptocurrencies, the market moves. Mostly upwards, as in the case of dogecoin – the joke that became one of the world’s ten largest […]