Post
Topic
Board Politics & Society
Re: Elon Buys Twitter - Project X (BlueSky / AT Protocol)
by
Kavelj22
on 30/10/2022, 16:48:20 UTC


This was expected if we take into account that Musk will complete the Twitter deal, which no one thought after the turmoil that occurred between Musk and the company about the percentage of fake accounts and Musk's intention to withdraw from the deal. After the transaction is completed, it is normal for the value of the Dodge coin to increase for the following reasons:
- Elon Musk has always supported this currency and says that it is a "popular currency".
- Early this year, Tesla has started accepting Dodge coin for the purchase of its electric vehicles and spare parts.
- Mask had launched this year a luxury type of perfume that can be purchased using the Dodge coin as well.

At the same time, we must not forget that what happened may be a new attempt by Elon Musk to raise the price and achieve profits from a new currency amplification process, as happened in 2021 when its price rose to 0.75 dollars, to return to decline after Musk stopped supporting it, which led to the loss of investors for a lot of money. That strategy was dubbed "Buy the Rumor, Sell the News" by analysts. See this article for better understanding.