Scott Melker Addresses The Fall Of LUNA And The Importance Of Bitcoin

Scott Melker is talking about the fall of LUNA, the coin that shook the crypto space like there’s no tomorrow. recently. Check out the latest reports about his thread on Twitter.

Here’s the tweet that he shared on his social media account:

I’m still pissed about LUNA.

— The Wolf Of All Streets (@scottmelker) May 18, 2022

He continued and posted this message: “Terra USD, the algorithmic stablecoin that collapsed in early May, may be a prime example of expunging crypto speculation due to a broader bear market, with implications for the price of Bitcoin. The fact that the Terra USD peg was dependent on the stability of the Luna.”

He also said: ” coin, which was investing in Bitcoin, may be looked back upon as lunacy. Akin to the demise of internet companies like http://Pets.com about 20 years ago, “Lunatics” may look similar in this drawdown period.” From @mikemcglone11 ‘s report this AM, dead on.”

Check out the tweet that he shared about the importance of Bitcoin below:

I had the chance of a lifetime to drill home the importance of Bitcoin and feel that I came up short.

You can read about it here and subscribe for free.https://t.co/W8LAz24nNF

— The Wolf Of All Streets (@scottmelker) May 18, 2022

Bitcoin’s popularity has been growing these days and mass adoption is still going strong despite the fall of the crypto market that we have all witnessed lately.

Despite various world crises that humanity has seen lately, there are multiple moves that are taking place and which take the mass adoption of Bitcoin and crypto on the path to success.

We have recently addressed various moves that are taking place in Dubai, El Salvador, and more locations that make the location one of the most important ones in the world for crypto enthusiasts. More and more nations are seeing massive BTC adoption these days.