Yesterday Elon's Twitter account rocked the crypto world in true Wario fashion and pulled a lot of coins of the market. Let`s take a good look at his tweet again.
The whole crypto market but especially Bitcoin and his favorite Doge took a huge dive shortly after this news.
Which made people (including me) think. Was he hacked?
The weird thing about it is that this news came less than 12 weeks after the announcement that Tesla would accept Bitcoin payments and bought for 1,5 billion US dollars in this digital store of value. So it could be that this was a planned attack. But a good 14 hours later the tweet is still online, and Tesla indeed pulled their Bitcoin payment option. Another weird thing is that Elon agreed with Jack Dorsey`s tweet about renewable energy for Bitcoin 3 weeks ago:
Pretty weird right?
This made other people including a good new online friend think that the board of Tesla got to Elon's head because the Tesla stock was plummeting ever since the news. But can the board really get to Elon his head? I don't think so. Also, this tweet is dangerous as it was not put out by Tesla itself and could therefore get Elon in trouble again with the SEC. I am no lawyer or anything and could be wrong, but this reeks to market manipulation.
This brings me to the last question: Is Elon a crypto puppet master?
His tweet came almost exactly 24 hours after his question if Tesla should accept Doge, which gave Doge a boost again. He is also the one who gave Bitcoin a good boost 3 months ago. But also mentioned a while after the boost that he thinks that BTC is a bit inflated. Could this be his move to correct BTC? It could be.
All things said I won`t be shocked if Tesla will announce a better option for energy and therefore mining soon.
But the scary thing about all of this is that the Bitcoin and Crypto naysayers have a huge wind in their sails right now. Even though the statement says that Tesla is still holding their Bitcoin. For instance, a big Dutch news organization did just and totally ignored the last part of his statement. This pains me, as I believe people can seriously change their lives in the current market.
As for me, I will keep dollar cost average every Wednesday even though my transactions from yesterday are bleeding.
Update: Elon just doubled down on his statement, so he was certainly not hacked
It's amazing how dumb the industry is and how mentally poor it is, it's not as if Tesla was going to buy all the bitcoins in circulation so that the market would fall.
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The whole thing sounds weird. Musk is very intelligent and I know he knows better than this bull about the environment.
Just keep DCA.
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There's something else behind all of this. We'll see what he comes up with.
Also I just can't wrap my head around the crypto market being so manipulated by this guy's tweets. I just hate it.
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Yes, I totally missed the news about CZ, now it really seems coordinated