Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?
Well he is being sued over dogecoin price manipulation for more money then he owns, so he probably ends up paying a lot. And even after he was sued he seemed to double down and continue. Now there are more evidence against him. But this is going to be such a big case as he is a powerful individual that it will take ages to proceed to actual court. Depending who rules the congress then, this could be end of the era where musk is the richest guy in the world.
Probably. But Elon Musk is too smart, so it's likely he'll find a "loophole" to get away with it. I'd have to say many investors are disappointed with him after making false promises to integrate DOGE into Twitter for payments. All he did was change the Twitter logo to Dogecoin's Shiba Inu (mascot) on April Fool's Day. After that, he changed everything back and now Twitter is the same as it was before. I guess that's why Dogecoin hasn't pumped that much in market price (aside from the fact that we're still in a crypto winter).
The only cryptocurrency that holds promise to become extremely-valuable in the future is Bitcoin (BTC). Not even Ethereum (ETH) will be able to succeed, especially when it's becoming more centralized by the day. The fact that developers intend to increase the 32 ETH minimum for staking to 2048 ETH says it all. I think Mr. Musk will eventually abandon Dogecoin, and go all in Bitcoin itself. Who knows what will happen in the future? Just my thoughts
