r/Wallstreetbets Opens Doors to Crypto: Only BTC, ETH, and DOGE Allowed!

The Big Announcement

The moderators of the infamous subreddit r/Wallstreetbets are shifting gears and diving into the crypto pool. After dodging crypto topics like a cat avoids water, they’ve officially decided to allow discussions about Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE). But, there’s a catch – the chatter will be limited to a single daily thread, so don’t go sprouting multiple crypto posts like weeds in a garden!

Why the Change?

For years, the moderators were firm in keeping cryptocurrencies out of the discussion, primarily to maintain focus on their beloved stock market. Moderator u/bawse1 explained it well: “We didn’t want to let crypto take over our sub, much like a kid in the candy store who can’t stop reaching for more than their share. However, with the ever-growing interest in crypto, ignoring it felt like trying to ignore a 600-pound gorilla sitting quietly in the room… which is impossible.”

The Crypto Corner Rules

To keep the peace and avoid the dreaded crypto spam, the subreddit has established some guidelines. Here are the essentials:

• Specific Cryptos Only: Discussions are limited to BTC, ETH, and DOGE.
• One Daily Thread: All crypto conversations must occur in a single thread. Think of it like a big family gathering—everyone can speak but in an orderly manner!
• Standard Sub Rules Apply: Outside the crypto thread, regular sub rules are still in place to maintain decorum.

Rivalry with r/SatoshiStreetBets

This decision might be partially influenced by the rise of r/SatoshiStreetBets, a crypto-centric counterpart that has racked up an impressive 384,000 members since its inception. Seeing the potential in the crypto crowd, the moderators decided it was time to embrace the change rather than let it creep in uninvited!

The Future: Wallstreetbets Goes Crypto?

The question on everyone’s mind is whether this will lead to a full-fledged crypto invasion within the subreddit. With Dogecoin’s recent spike, reaching an all-time high of $0.14, it’s clear that r/Wallstreetbets understands that their followers have a penchant for the unpredictable—and the outrageous.

“We’re not gatekeeping here. We’re adapting to a world where crypto is prominent, whether we like it or not,” said u/bawse1, cementing the sub’s new direction.

So, buckle up, crypto enthusiasts! As we navigate this new addition, we may be in for rollercoaster rides and moon missions that could rival their stock-pumping escapades.