Quote from: Altcoinsintel on June 05, 2021, 05:41:41 AM

This will be my final post about Elon Musk, and seriously we have all given too much attention to his shenanigans.
From the beginning, I was trying to understand his game and why he got into Bitcoin in the first place.
Musk has a very long file of tweets moving the price of Tesla since 2018. He (ab)uses his Twitter power to push prices.
His Bitcoin adventure though wasn't seen very positively by Tesla investors.

The YTD $TSLA chart is the reason for every tweet made by Musk. Tesla is down from ATH by a huge percentage and investors are not quite happy with that.
This is not just $1,5 billion but hundreds of billions.

He doesn't tweet to crash BTC, he doesn't care about Bitcoin, he only cares about his companies. He tried what was a trick to gain more popularity and entered the crypto world, but things didn't turn out as he expected, because many traditional investors dumped $TSLA for this reason.

The worst part is that Bitcoin is left now with Musk manipulating price, just for the shake of the price of $TSLA. I hope this resolves quickly and Musk loses his influence, but this will require giving a lot less attention to individuals trying to gain attention.

I would argue he also cares about showing his muscles everywhere in the world in every important sector. Cryptocurrencies has obviously become one of them so why not show the world that he can push Dogecoin through the roof and laugh authorities like the SEC straight in the face?

Musk is crazy, he is a genius and a maniac and what not, but you can't deny that this guy delivers on his promises and way beyond. Or maybe not on his promises, but he exceeds almost every human being on planet earth in terms of execution. That guy is out of this world in that regard. Building an internet bookstore and growing from there is one thing and what Bezos did is huge, but how the heck would you start to build a Tesla? I would be overwhelmed just with the thought process and I would give up for sure. Hats off to what he has achieved in his life already. It isn't just a piece of paper with a drawing by an engineer, like a prototype. His cars are *** driving. And his rockets are *** flying into space, come back and land. Wink