The name and personality of Elon musk has been trending lately, for good and bad reasons. Some blame him for the recent down in price of btc with his recent tweet, some suspect that he has a plan to manipulate the market to the favour of doge coin which he has recently been a strong advocate for.
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?
as we all know, Elon Musk is no stranger to many people who are in this forum, especially since the rising price of digital currency (Dogecoin), Elon musk is being discussed more and more.
In my opinion, if Elon Musk can launch its own coin into the market it will be a welcome development for the digital currency lover community.
But it's nonsensical, because cryptocurrencies may have an impact on their equities, which is why Elon Musk only supported a meme coin that is supposedly merely a meme. He does not endorse any other cryptocurrency since he knows how it will effect and bias him as one of the world's wealthiest people. So I believe that is why he chose dogecoin as the token to support, and yes, he already understood that he is very important and can make a lot of money on the crypto market, but he still values stocks and his assets to keep his position as the richest.