Bitcoin Reddit, Bloomberg, Reddit, Reddit Forums, Reddit moderator, Subreddit Wall Street Bets, Wallstreetbets

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 they’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 statement’s thread.

Some users even joked with the recent Coinbase listing in the stock market. “Ah, someone must have bought a position into COIN. Great timing mods,†said a Reddit user.

Bloomberg’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 “Wallstreetbets 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, “RIP WSB CRYPTO 4/14-2021 – 4/15-2021â€:

Wallstreetbets members made the headlines at the beginning of 2021 for pumping almost 2,000% of the video game retailer Gamestop’s stock prices via short squeeze.

What do you think about the decision taken by Wallstreetbets? Let us know in the comments section below.

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