Post
Topic
Board Altcoin Discussion
Re: Elon Musk says the price of BTC will rise
by
jaberwock
on 05/12/2022, 17:13:33 UTC
Elon Musk always trying to be relevant in every way. No doubt, he is a wealthy personality and might have the ability to move the market sometimes but he shouldn't believe that will always be the case. If he really could, let him reverse the current market trend to a full bull market, I bet he can't. This market has its circles and has always follow through and until that is done, Elon is not telling us what we already know. 
He has wealth but he is not capable enough to move the market in opposite direction or wherever he wants. This will obviously tell us that the market can be influenced but it can't be dictated where it goes. I know that Elon Musk is right about saying the market turn high someday but never I think he will know when. He can just predict based on his observation but yeah, that is all he can do.
I know he holds some Bitcoin, which is why he showed some concern about it unlike before were he just focus on Dogecoin.
Well, he is "capable" of moving the market, and technically he wouldn't need someone else. How is that possible? Well because market listens to him, which means that if he writes "bitcoin is awesome, I am buying some more" and goes and buys 10 dollars more, technically he didn't lied, and everyone would buy, billions of dollars worth bitcoin would be bought and that would be awesome.

However, at the end of the day we are not seeing this growing to a worse place, he is not gaining more and more traction I believe, which means that eventually his tweets won't be this much of a big deal, but I am also guessing that it's still there if he wanted to use it.