Elon Musk is a cult figure for some of the smartest people on the planet. So what he's doing with the Dogecoin baffles me.
I mean, they say the Internet doesn't recognize any form of hierarchy, but I think Musk has delusions of god-like grandeur.
Elon Musk is an excellent manager. He was always among the first to promote ideas and technologies and achieved success, having thought out all the logistics of the process in advance. That is why Musk's opinion is trust, even it was joking. His one tweet raised the price of Doge, . It's no secret that the mass media and social networks are capable of manipulating public opinion. Many people recklessly trust the opinion of the reputable successful individuals and of the majority.
If Elon Musk is a great manager, why are his statements so contradictory about Bitcoin? At first, with his mentions of Bitcoin, he made him a good advertisement, and he himself saw it and understood their influence on the masses and on the cryptocurrency market. He also had to understand how negatively his latest negative comment about Bitcoin would affect this market. As a manager, he must also understand that he will lose some of his income from owning bitcoins if he says so. Moreover, he actually said a lie, since Bitcoin is mined on electricity, which is produced not only from the combustion of hydrocarbons such as coal and fuel oil, but also from clean renewable energy sources. That is, any energy is consumed that is generated from any sources that are in a certain area. I do not see foresight in these actions and statements by Elon Musk.