Quote from: finaleshot2016 on November 03, 2021, 08:19:23 PM

Quote from: BIN-BIN on October 14, 2021, 01:42:11 PM

As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency whale. The company bought 43,200 Bitcoins sometime in February 2021 have yielded a 65% that is 1 billion dollars profits at the present Bitcoin price.
Credit: https://cointelegraph.com/news/elon-musk-s-tesla-is-already-1-billion-in-profit-from-holding-bitcoin

Imagine you bought a lot of bitcoin, then Elon Musk caused a fud due to energy consumption, then there was a recovery and a new all-time high rn, but the Tesla firm still made a lot of money.

Sometimes I wonder whether this is all calculated and analyzed because Tesla and Elon Musk are doing so well in the crypto world.

It was to expected that they do well. Given the size of their company, but even more important the image of Elon Musk, everything that is put into one sentence with Tesla and Elon turns into gold more or less. That's because Elon by now has proven he is able to pull off quite a couple of things at the same time which nobody has ever done before him.

I wouldn't even call it manipulation to a full degree. If you are a man with such a net worth, reputation, companies in the back and popularity, it almost doesn't even matter what you say, something will happen afterwards. Steve Jobs' glasses were a bestseller for quite some time. It's just how the crowd works.