Quote from: rdbase on Today at 11:10:19 AM

Quote from: TungTresa on Today at 01:55:44 AM

I remember last year he said his company was considering whether to accept bitcoin payments, then the bitcoin price went up, then he announced that he wouldn't accept bitcoin payments, then the price went down. I really suspect he's playing a trick to make money from it.

Well now it is whatever cryptocurrency he wants his companies to support then they will get these price pumps.
Doge coin has reached past $0.10 an increase of 8% within the past 24 houts and trending up since the news of wanting to find a payments system for his platform, so it is obviously in the front running of everybody who is into cryptocurrenies choice other than bitcoin.

He is wanting to take on Apple with the announcement of wanting to create in his own Tesla phone.
With all the problems they have been encountering with factory strikes and now this, it is literally the perfect time for him to say "I don't need your approval, I will just create my own resource to distribute the twitter app on my own!".

Now imagine if he solely said "I want to integrate only BTC on my platform!"

Possibly back to where we were a year ago above $50k again.

Musk has got a lot of mysteries about him and as I see it now, he can still make some coins pump. His gaining success in creating in the minds of people that, there are no alternatives as to what he decides to key into.

Like, we've got bitcoin and several altcoins but, upon Musk picking a coin, the idea of buying Tesla's products and even pay for Twitter verification with that coin standouts in our heads. Users or investors tends to forget about other traditional payment options available and seek the new medium. Best still, its a cryptocurrency and an increased demand would pump its value hence, its sort for.

Well the people who takes Musk too serious will always be there. I admire his inititiative towards money making but, he doesn't direct much to what I would do in terms of coins to own.