Stocks are drifting after a pullback and bounce last week. However, there’s been more volatility in cryptocurrencies after Elon Musk criticized Bitcoin’s energy usage. That drove prices to their lowest levels in over three months. Other digital assets like Ethereum have also pulled back.
Sarah discusses the moves with Scott Melker, host of The Wolf of All Streets podcast. They consider the long-term impact of Tesla’s (TSLA) activity in Bitcoin, along with potential opportunities in smaller assets. Scott breaks down the potential in digital currencies like Polkadot and Elrond, while urging investors to avoid popular meme plays.
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