The international financial market was shocked when Elon Musk’s stocks and cryptocurrency assets suddenly plummeted, causing the value of Bitcoin to drop significantly. This shocking event occurred just days after rumors of the assassination of American conservative Charlie Ki.rk, creating an unprecedented chain effect.
While Elon Musk saw his assets evaporate by tens of billions of dollars in a short period of time, investors witnessed a paradox: Larry Ellison – co-founder of Oracle – suddenly became the richest person in the world. Oracle’s stock price skyrocketed, along with strategic technology investments that caused Ellison’s assets to skyrocket.
Analysts hypothesize that this could be a phenomenon of “psychological contagion”, where political rumors cause panic, forcing investors to flee from high-risk assets such as Tesla or Bitcoin, while seeking stocks considered “safe havens” such as Oracle.
Experts also point out the sudden shift in capital flows: when the market loses confidence in a technology icon like Elon Musk, big money will immediately find a new destination – and Larry Ellison with his cloud computing projects and huge defense contracts has become the perfect destination.