But could there more behind it? Biggest insider trading scandal in history, perhaps?
That's what I think. Some of his advisors are actually insider pump and dumpers.
Do you remember what Musk did with bitcoin? That was pure price manipulation, but he wasn't the first.
They all saw how China tested the waters back in 2017 and then they started investigating exchanges and finally banned them. While this was happening there were twitter accounts claiming to be insiders who were saying that they have info from sources inside the government that the will/will not ban exchanges completely and that they will/will not ban mining and ownership of cryptocurrencies. Each time this happened the price would either pump or dump a little and this eventually turned into one of the longest bear markets in history.
People are not stupid. Everybody saw that and learned that this could be done and later many attempted this. For instance McAfee pumped coins with his predictions and Musk did the same by first building up tension through cryptic posts and finally revealing that Tesla would start accepting bitcoin payments. Then he sold and said that bitcoin was not eco-friendly, which of course caused a small price crash, but was a blatant lie that he never had to apologize for. Then we saw Trump's coin go from $60 to $8, so they made money on that shitcoin and decided to try something bigger.
I saw Trump on stage telling people to buy the dip. The US president giving investment advice on TV? Should there be a paragraph for that, or is he untouchable now?
Elon's reported dispute with Trump could of course be fake.
Oh they are talking for sure. I think that Mr. Autism got rugpulled as well because he was supposed to get some of those Ukrainian resources, but since there's no peace there's also no mining going on. Meanwhile Tesla lost something like 50% and tariffs will of course affect his production in Germany, Canada and of course China.
Trump is trying to appease Musk by giving him a contract to make rockets for the military, but will that be enough?
