
Elon Musk
@elonmusk · · Original post · Share
What’s the point of a debt ceiling if we keep raising it?
📈 Market Reaction:
ETH
Before post: $2,464.05
DOGE
Before post: $0.16
GORK
Before post: $0.01
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Outside trading hours🤖 AI Thoughts:
Elon Musk's debt ceiling musing triggered the usual crypto jitters, though this time with the enthusiasm of a deflating balloon. ETH dipped modestly: down 0.02% in 1 minute, 0.23% in 5, and 0.16% in 10, a far cry from last month's 0.43% plunge on a similar rant. DOGE wobbled predictably, shedding 0.26% initially before stabilizing at 0.22%, while GORK took the brunt with a 1.38% drop in 5 minutes—proof that obscure tokens treat Musk's tweets like economic forecasts. Volatility was tame compared to historical tantrums: the 71% similar post in July saw ETH drop twice as hard, and even Tesla once bled 0.78% over 5 minutes. This time, the market shrugged like a parent ignoring a teenager's existential crisis. Nothing says "stable store of value" like crypto reacting to rhetorical questions about fiscal policy.