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❕NEWS Did Elon musk's bitcoin plan backfire?

AudraMiller

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One of the major news events that took pale a few months ago was the withdrawal of Tesla when it comes to the acceptance of bitcoin as a form of payment at the country and that caused the price of bitcoin to come tumbling down to just over 28k usd. However it seems that this did not have the effect that it was thought to, as despite this it seems that bitcoin has reached its bull run and has surpassed even the 51.8k USD region. Do you think that this is an indication that elon musk is losing his control over the cryptocurrency market and that this power is not being split among the various different institutional investors and whales?
 
It is undoubtedly an established fact that Elon Musk is a cryptocurrency enthusiast and he has been promoting different kinds of digital assets for a very long time, even since the inception of the cryptocurrency. He has been in the game for a while and he knows the ins and out of Investments in digital assets.
Tesla's ratings in Cryptocurrency acceptance are significantly higher on a number of criteria among those who concur with the potentials in Cryptocurrency. Indirectly, it revealed that Elon Musk is a cryptocurrency enthusiast because Tesla has high ratings in cryptocurrency acceptance.
 
What is currently happening after Elon Musk acquired Twitter shows that he is still a relevant player to the price of some coins and tokens. The price of Doge coin has been going up for almost two weeks now.

If he should officially announce that either Tesla or Twitter is accepting a particular coin as a means of payment, it would surely lead to a pump.
 
Tesla's ratings in Cryptocurrency acceptance are significantly higher on a number of criteria among those who concur with the potentials in Cryptocurrency. Indirectly, it revealed that Elon Musk is a cryptocurrency enthusiast because Tesla has high ratings in cryptocurrency acceptance.
Tesla has been a lover of cryptocurrency for quite a long period of time and it has shown resilience and doggedness in the utilisation of cryptocurrency overtime and this is exactly why Elon Musk could be refferred to as a Cryptocurrency enthusiast because he owns and runs Tesla.
 
They are called influencers. What does an influencer do? They influence people to do their bidding without forcing or even telling them. But with their actions, they believe that many will likely to do what they do even if they do not tell them to do it. It is not possible seeing influencers asking people to do what they do.
People needs to realize they don't need to do and follow what influencers tell them because for one they aren't doing not for Good will. Most will take the money or benefits they can get and doesn't care what happens to your money as long as they get their part done. That's just it.. they are hyping
 
Just I have been saying. Elon Musk, the owner of Tesla, is not a crypto enthusiast. He is just a business man trying to protect his interest. He's known for pulling tantrum. He influences the market only for his own gain. It will surprise you that he will soon be supporting another coin soon just it make money off manipulating the market.

But there is something really fishy in here. Why is he specifically interested in Dogecoin. There must be some sort of reason and some kind of benefit as well that makes him interested in this cryptocurrency in a particular manner. What are your thoughts?
 
But there is something really fishy in here. Why is he specifically interested in Dogecoin. There must be some sort of reason and some kind of benefit as well that makes him interested in this cryptocurrency in a particular manner. What are your thoughts?
There may be reason why Elon is supporting Dogecoin for sure. He always goes for coins that are easy to mine, easy to buy and literally low transactional has fee. Hence Dogecoin apply fall into this. When he chose Bitcoin then, he discovered that mining of Bitcoin is really harmful to the ecosystem.
 
But there is something really fishy in here. Why is he specifically interested in Dogecoin. There must be some sort of reason and some kind of benefit as well that makes him interested in this cryptocurrency in a particular manner. What are your thoughts?
Elon Musk do not suddenly accept Dogecoin overnight. He has been a Dogecoin lover for a very long time and I could remember that he had purchased a large portion of the coin for his children . This is to tell you that he has been a supporter of the memecoin long before his intentions to buy out Twitter.
 
Elon Musk do not suddenly accept Dogecoin overnight. He has been a Dogecoin lover for a very long time and I could remember that he had purchased a large portion of the coin for his children . This is to tell you that he has been a supporter of the memecoin long before his intentions to buy out Twitter.
I wish you can show some evidence to substantiate your write up. Dogecoin was launched in 2013 and it came into limelight in 2021 after Elon Musk tweet. Are you now saying Elon has been supporting the coin even before he tweeted about the coin?
 
I wish you can show some evidence to substantiate your write up. Dogecoin was launched in 2013 and it came into limelight in 2021 after Elon Musk tweet. Are you now saying Elon has been supporting the coin even before he tweeted about the coin?
From a reputable source, Elon has been a firm supporter of the coin for long but in 2021, Elon Musk publicly endorsed Dogecoin, saying that he was collaborating with the coin's developers to increase transaction speed. The founder of SpaceX conducted a social media survey to determine whether Tesla should accept Dogecoin as payment.
 

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