Maybe I've been in Bitcoin for too long, but 2.5 to 44 is cause for this much attention? I guess I'm immune to that level of volatility these days.
I mean I get the amount of security's fraud and agencies like the SEC just waiting to justify their inflated salaries and budgets... but with the level of fraud in the stock market and banks this is likely what they would focus on as it they probably don't have massive lobbiysists in Washington paying for them to shape legislation to match their grift.
I've seen several Gamestops shut down and have going out of business sales for current inventory with long lines, I'm sure that would add to their liquidity situation in the short term if it was done at scale for recovering investments on outdated/old merchanidise. And given that people are less than prudent with their finances and stimulus checks/uncemployment and with so many people with nothing but time on their hands this growth due to lockdowns and massive unemployment isn't actually a realistic turn around after the initial crash in March?
Wallstreetbets is always good for a laugh, and not always a healthy one; the place reminds you why a guy like Trump could be elected and gives actual credence to how the following adage holds true: Repeat a lie often enough and it becomes the truth.
Those guys are like the epitome of of the 'grater fool' business model for the low hanging fruit on the Internet that after spending a few minutes there you just start to feel bad for what the state of Humanity is.
Tendies and cuck jokes aside, it's actually really telling what some people 'with money' are like when they're given a slight amount of Pseudonymity and are in great enough numbers.
Kind of makes Jordan Belfort's stories (Wolf of Wallstreet) all the more poignant.