Do you think that Elon bough (as Tesla company) $1B worth bitcoin without researching it? Every point that he brings now was well known by every investor and by him in the moment of his investment. He is just fudding now for his own purposes (short term price manipulation).
Whoever thinks that Elon is surprised by BTC energy consumption or BTC decentralization now ... months after financial decision of purchasing 1B worth bitcoin is crazy. Everyone who thinks he is fudding before selling his bags is even more crazy.
Whoever thinks that Elon is surprised by BTC energy consumption or BTC decentralization now ... months after financial decision of purchasing 1B worth bitcoin is crazy. Everyone who thinks he is fudding before selling his bags is even more crazy.
Probably the best comment I've seen on this topic in recent days!
Rich people, including Musk, do what they know best; make more money - for themselves. What makes anyone think his tweets can be of value to anybody else but Musk?
The best curse of action, if Musk says Bitcoin's good - start selling, if Musk says Bitcoin's bad - load your bags with even more coins. This is probably what he does as well!
In manipulation, there always the M factor as a result of overall FUD and FOMO. And this M factor is Management, of Media, by Money.
Media has that much power to make anything identical overnight, even can destroy too. Very important thing how you look towards media. Now with social media, anything can be possible as usage and competition of already well-established social media such as Facebook, Twitter, Reddit, Pinterest, Instagram, Telegram, and many more. These are not only social media but also great platforms to reach a targeted mass audience by spending money as everyone offers paid advertising.