You need to realize that these influencers have a brand

CN
3 hours ago

You need to realize that these influencers have a brand.

And for most of them, their brand is to be bullish on asset XYZ (the opposite of Doomers who perpetually post negative news/data to justify a bearish outlook).

Whether that asset is the broader stock market, an individual stock, Bitcoin, or some other crypto asset.

Their entire follower-base expects them to be a cheerleader for that asset.

Therefore, they cannot change their perspective.

They cannot go from bullish to bearish.

They cannot embrace nuance.

So they manufacture bullish narrative after bullish narrative, even during a downtrend, but the followers don't hold them accountable due to cognitive dissonance.

The hopium grows.

The cheerleading gets louder.

The perpetual bullishness stays intact.

This is the game they are playing, to stay relevant.


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