The moderators of the famous Reddit forum Wallstreetbets, known for putting Gamestop (GME) stock prices on the map as a worldwide trending topic, lifted a ban on all discussions related to bitcoin, ethereum, and dogecoin. However, the decision has been reversed after a recently published Bloomberg article.
Bitcoin, Ethereum, Dogecoin Were Allowed to Discuss for Just One Day
On April 14, 2021, Wallstreetbets moderators issued a statement, commenting about why theyâ€™ve been banning crypto-related discussions within their threads, citing that its main focus is the stock market. They continued to elaborate on the matter:
The decision of allowing bitcoin (BTC), ethereum (ETH), and dogecoin (DOGE) discussions by Wallstreetbets attracted lots of comments into the statementâ€™s thread.
Some users even joked with the recent Coinbase listing in the stock market. â€œAh, someone must have bought a position into COIN. Great timing mods,â€ said a Reddit user.
Bloombergâ€™s Coverage Helped to Reverse the Ban Lifting
In the wake of the decision, mainstream media echoed the announcement, such as Bloomberg, who wrote an article headlined â€œWallstreetbets Bows to Crypto Wave, Allows Bitcoin Discussion.â€
Such an article, plus other ones published in the press, displeased Wallstreetbets, who reinstated the ban on Thursday.
A moderator commented in the thread, â€œRIP WSB CRYPTO 4/14-2021 â€“ 4/15-2021â€:
Wallstreetbets members made the headlines at the beginning of 2021 for pumping almost 2,000% of the video game retailer Gamestopâ€™s stock prices via short squeeze.
What do you think about the decision taken by Wallstreetbets? Let us know in the comments section below.