“If I Buy Something, I Know People Will Buy It”, Carl Moon’s Bear Market Confession

In a candid BeInCrypto interview, prominent crypto creators Carl “Moon” Runefelt and David Wulschner acknowledged that their content drives retail flows and contributed to speculative altcoin runs and subsequent losses. Runefelt — who has ~650,000 YouTube subscribers — said he will stop promoting very small tokens after seeing many projects he covered collapse; some of his holdings fell 80–95%. Wulschner likewise abandoned price calls after his early videos drove audience buying and now focuses on education and transparency (publishing wallet addresses). The admissions highlight a structural drag on altcoin recoveries in this bear market: reduced creator-driven speculation may lower short-term demand and make rallies harder to sustain, while heightened caution could improve investor due diligence over time.