I'd hate to be Elon Musk in the crypto space today, as everything from his business to his personal life had been dragged into the mud by irate speculative investors.
Musk has had the magic wand for a while now. I believe we can give credit where credit is due by admitting his antecedents have given the space huge publicity with the accompanying followers.
Well now the magician has seemingly lowered his wand and there is chaos. The attention he has received so far is a testament to it.
That sort of attention can be misleading though. It is quite bizarre to think one person can wield so much influence on a chain used by millions. The truth is he actually can at the moment though, but it is impossible to keep people under a spell for so long.
I thought it was important to give musk the necessary credit before I state that the blockchain today is bigger than one person. Criticisms are not new here, neither are predictions of doom for its future. However, it has persisted for so long and has shown Great resiliency by defying banks, the media and even governments.
This is not a one man show and there is nothing to fear as far the future of the chain goes. I believe our investments are in safe hands as we can call out problems as they arise, certain to deal with them.
It is quite bizarre to think one person can wield so much influence on a chain used by millions
It's quite depressing that so many millions are so easily influenced...