Re: Elon musk is for crypto or just for attention to boost Tesla, SpaceX?
Did this tweet alone spur the 4% pump up in the bitcoin price when it was released?
He is definitely looking to do something in retaliation to the government stating they wish to tax the rich.
So he is looking for a outlet so to avoid doing so in curtailing the sell-off of his own companies stocks and putting it into bitcoin.
I hate to admit the fact that Elon really makes this market a place circling his funds and assets , though I hate to believe that there is a chance that this tweet again makes the increase of Bitcoin price yet most of the currency he will going to mentioned makes always an increase(depend on what kind of statements either negative or positive) but the reality speaks that Elon is one big part of cryptocurrency , His popularity always affects the movement of this market.So he is looking for a outlet so to avoid doing so in curtailing the sell-off of his own companies stocks and putting it into bitcoin.
anyway thanks for the heads up as i was still searching for the possible reason why we have made another ATH now and here you go bringing it here.
Same here, I hate the fact that with his bright mind he knows how to give a positive or negative impact on bitcoin's market, knows how to manipulate just with his simple tweet or statement just because he is a famous business man. But at the sametime, it made me realize to watch him closely about his statements about cryto-related stuffs so that I will know what move will I make to avoid losses and gain profits. Let's just accept the fact that he's making it to profit himself more and there's nothing we can do about it.
That tweet he did made the price upwards until now, so maybe we'll hit another ATH before this year ends.