What if Elon musk takes this opportunity of popularity and influence to start and launch his own coin to the market?
Do you think an altcoin created by Elon musk will do well in the market?
Actually he can use his influence to create hype for his coin. Especially if he connect or maybe people can use his coin that have correlation with his company. In other side, because Elon Musk already rich, people can think he not really care about money for himself so can focus to develop his own coin. But that is only what is on my mind if i be Elon Musk and created coin.
Even now we can see potential projects owned by reputed firms on the cryptospace making its pre-sale getting over within seconds and minutes. Same as this he'll get more users and investors if a separate cryptocurrency is being developed. This hype will provide good market to his coin, but it won't get to be competing with bitcoin. Same as other altcoins we'll have one more added to the number of altcoins.