It's possible that Elon musk wants to make more money from the market, but I doubt. I feel he's only trying to entertain himself and he has a personal affection for dogecoin and wants to support the coin. It could be that due to the fact that the meme coin has been related, he was to bring it to limelight.
His real intention is not yet clear.
He doesn't own any cryptocurrency directly, so we can't claim that he is benefitting (at least personally) from the movements in the market. But at the same time, I have my own doubts. If you carefully look at his tweets, a clear pattern can be observed. The manipulation he did was well planned and made use of his millions of social media followers. Now looking back after a month, it is difficult to believe that Elon is innocent and he just wanted to promote some shitcoin for fun.
I don't disagree with you.. as his hodlings could easily be verified by Elon.. if he wanted them to be...
But just to clarify what he's
written (again what's true could be diff.)
He said, “
I have not sold any of my bitcoin,” Apr. 26th when being accused of starting a P&D. which looks to be the case.
He stated Tesla was holding BTC long.. and he himself hadn't sold any of "his" BTC. (could be easily verified.. but Elon's like nahhh)
“
We do believe long term in the value of Bitcoin,” he said. “So it is our intent to hold what we have long term and continue to accumulate bitcoin from transactions from our customers as they purchase vehicles.”
A month later.... after he pumps it..
"
Tesla has suspended BTC purchases.. not selling BTC gonna use it for future tx when BTC 'forks'" (Not really about the 'forks' but basically what he's saying whether he knows it or not)"
Again the "unsold BTC holdings" could be verified.. but Elon's like nahhh
Then..
"
Yeah, I haven’t and won’t sell any Doge." In response to "his" Doge hodlings. But notice he didn't say "any of
my Doge"..
Just following this pattern alone, he could easily tweet out he's no longer supporting Doge. Not that he would but he clearly has no allegiance to anything but profits.
Either way he's blatantly playing the unregulated market.. He's most likely playing the pumps and dumps like KimDotCom used to do.
and they've been falling for it every time.