Elon Musk Has a Déjà Vu Moment

Published by
The Street

By Luc Olinga The billionaire quips on the new tech buzz. Two years ago, cryptomania was taking off. Institutional and retail investors threw themselves into cryptocurrencies without thinking. Crypto was the new shiny thing. It was the sector where you had to be. It was trendy. The prices of cryptocurrencies like Bitcoin (BTC) soared to record levels. On November 10, 2021, BTC, the most popular cryptocurrency, reached $69,044.77, an all-time high. The bitcoin evangelists launched into the craziest predictions. Some saw the king of cryptocurrencies exceed $100,000 per unit in the following mont…

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