Re: Elon Musk really has the ability to manipulate the bitcoin market

Quote from: YanBitMoney on May 17, 2021, 07:42:26 AM

Haha, just like I said in the previous post, Elon Musk really has the ability to manipulate the bitcoin market, just follow him at least for the moment. But this wouldn't last long; they started to hate him.
At least if you go short, you also have some money. In this market, the more you panic, the more you lose money.
https://medium.com/snapbots-news/snapbots-news-review-elon-musk-suggests-teslas-sale-of-bitcoin-market-drop-again-cb7078dc8f00

Not can Elon Musk just manipulate the market, but his influence transcends from every investor which ultimately controls the prices of either the stock or the cryptocurrency market.

I remember, Elon Musk tweeted about his support on DogeCoin and its price skyrocketed. When Elon also expressed his opinion about BTC, its price decreased. His influence in the market controls the decision of most investors since they believe in his motive.