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by Tyler Durden
Sunday, May 23, 2021 - 11:10 AM
It s never just one thing. This week Elon Musk, China, and pipeline cyber attackers all contributed to another crash, but, as Decrypt s Jeff John Roberts details below,
there s cause for optimism.
It began with Elon Musk bashing Bitcoin, and ended with a renewed crypto crackdown in China. Those came as book-ends to a spate of other bad news in cryptoland, including a stomach-churning market crash and anger over Bitcoin s role in facilitating a massive cyber attack on an east coast oil pipeline. All of this saw Bitcoin limp into the weekend well below the $40,000 mark as the entire crypto industry licked its wounds.