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Elon Musk calls ESG a “scam.”

The continuous debate surrounding Tesla, which was removed from the index, fueled Bitcoin’s poor performance.

Elon Musk, the company’s CEO, publicly chastised those responsible for the decision, which appeared to be based on so-called Environmental, Social, and Governance (ESG) factors.

“ESG is a rip-off. Fake social justice warriors have turned it into a weapon “a portion of a Twitter reply reads

The decision to exclude Tesla, according to Cathie Wood, founder and CEO of investment firm Ark Invest, is “stupid” and “unworthy of any other response.”

Some claimed that the outlook for risk assets in the months ahead was at best “consolidation” as anti-inflationary measures began to bite.

a well-known trading account CredibleCrypto agreed that Bitcoin was imitating the S&P 500’s behavior during the 2008 Global Financial Crisis.

While bond markets may theoretically profit from global central bank financial tightening. So, pro-Bitcoin sources have little faith in their investment thesis.

Analyst Dylan LeClair described it as the “global everything bubble collapsing in real time,”…

…using data from Vanguard’s Total Bond Market exchange-traded fund (ETF).

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