I have a friend in a whale group. The crypto guys legitimately have such big pots that they legitimately manipulate the market and they do it for fun. They don't care about people's life savings, they make memes about it and laugh about destroying people.
Anyway, he told me what they're planning and this is going to get worse/funnier. It's now a war and I think we'll see more hedge funds go under.
If the redditors do nothing but hold, not even more buying, The amount of shorts that need to be covered will run this price well over $1,000 as is. This is totally nuts.
Over the next weekagainst the rest again and again and again.
If any big money moves in this thing could get really weird. Double or even triple that wouldn't surprise me at all if you start seeing some money move in.
Then there's the X factor of the average Joe watching the news and hearing about what's going on and just jumping in because it's a tulip craze