I found a news that the Shiba Inu commuity is not happy with Elon Musk. $SHIB crashed after Musk revealed he didn’t own it and only had BTC, ETH and DOGE. Elon Musk has a Shiba Inu puppy at home. Elon Musk has joked about Shiba Inu, but Elon Musk doesn’t hodl Shiba Inu.
Replying to one of the many Shiba Inu accounts on Crypto Twitter, the famous Elon Musk confirmed that he didn’t own Shiba Inu, despite being a highly influential figure for that community.
I think this will have an effect with the Shiba price but not a big effect because Shiba is still at 0.000042$ at price even if Elon musk revealed he doesn't own Shiba what was your thoughts on this folks?
This is one of the prime example why we shouldn't trust what Elon said, it is almost looks like he's just playing and making speculations out of the blue just like what he did on Shiba Inu and bitcoin recently to create an impact on the token or coin. People nowadays are relying and betting on Elon Musk about making a hype.
Currently, Shiba Inu is down by 1.83% few hours after his tweet.
Elon Musk brings back Shiba Inu to Earth - Dogecoin is the only meme token he's betting on
Source:
https://www.google.com/amp/s/www.businessinsider.in/cryptocurrency/news/elon-musk-brings-shiba-inu-back-to-earth-dogecoin-is-the-only-meme-token-hes-betting-on/amp_articleshow/87252833.cmsOf course you shouldn't trust what a CEO of a several corporations should have to say when it comes to anything related to money.
He is only in it for himself and only cares what the bottom line on his bank account is.
If it bankrupts other people with a single tweet or message about his companies stock to make them plunge down the abyss,
he does not nor will not care in the long run.This has been proven time and time again with this guy and his tweets to his millions of millions of followers who dwell on his every word.