Agreed, wish I jumped in during the Fall, but I wouldn’t feel comfortable with that much.
Honestly, what’s driving the price is purely more people buying it. Rather than sit in cash. Reminds me of the Silver TikTok I saw about how the price of silver (when WSBs was buying) would go through the roof if everyone bought some. This seems like the same type of situation where
@hooter311 (he was correct and I may still take a plunge) is going to say 10% because he does know that he’ll make a killing if everyone did that. I don’t hedge with 10% gold today so it seems like a lot.
It is absolutely FOMO right now and Elon absolutely knows he can move the market so Tesla will profit by saying they are involved after they’ve already made a purchase. It’s interesting because on the one hand you want to get in on it but on the other hand it’s got all the signs of a pump and dump. Again, no offense to people pumping, but they are. I’m still a little sad that I almost bought but didn’t. I’d be pumping the crap out of it too if I had a sizable chunk.