So is the Ethereum boss not Wall Street but the South Korean chaebols? That makes it even more dangerous.
This morning I asked a few Korean guys, and their reasons were quite straightforward. Besides high volatility stocks, cryptocurrencies, and the boss being an internet celebrity, the main point is that among all the popular micro-strategies in North America, except for BMNR, there isn't a single Asian owner!
This has led to: Korean descent + ethnic sentiment + media-driven market trends. This has only briefly appeared in the past history with ICON and LUNA.
Additionally, since BMNR has become the largest ETH reserve institution, the community interprets it as Ethereum being held and controlled by BMNR.
I never expected that market trends driven by ethnic sentiment would have such a significant impact.
The last words from the guy: Ethereum belongs to Korea.
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