Wall Street Bets allows members to discuss select cryptocurrencies on its Reddit forum after years of limiting posts on digital assets

Shalini Nagarajan
·2 min read
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Igor Golovniov/SOPA Images/LightRocket via Getty Images
  • Wall Street Bets is allowing posts on some digital assets after years of discouraging crypto chatter.

  • Only discussions on bitcoin, Ethereum's ether, and dogecoin will be allowed, a moderator post said.

  • "I don't see the point in delaying the inevitable anymore as crypto is here to stay," the moderator wrote.

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Wall Street Bets, the Reddit forum that kickstarted GameStop's epic trading frenzy, is allowing its members to exchange views on some cryptocurrencies, according to a recent moderator post.

The subreddit has a "No Cryptocurrency" rule, listed as part of a content guide, that limits posts solely tied to cryptocurrencies or the technology they run on. Some other rules include "No Pump & Dump" and "No Market Manipulation."

But now discussions on bitcoin, Ethereum's ether, and dogecoin will be allowed only within a daily crypto discussion thread, the post said.

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Wall Street Bets/Reddit

"I don't see the point in delaying the inevitable anymore as crypto is here to stay," a moderator who goes by the username "bawse1" said. The subreddit had stayed away from allowing posts on crypto on concern that "crypto discussion overtakes the core of what r/wallstreetbets is about, which is the stock market."

The social platform and community group is known to seek opportunities to improve their finances through high-risk day trading. An explosion of interest in digital currencies has led the group to open up its discussion thread to members who "love" them.

"Just to be clear, we are not a crypto subreddit," the moderator wrote. "We're just trying to find a place for you guys within our subreddit."

WSB's move came on the same day as crypto exchange Coinbase's public debut and bitcoin posted a new all-time high of near $65,000.

Read the original article on Business Insider