Elon Musk on Bitcoin: "Bitcoin is almost as bs as fiat money"

[Kakmakr]

Well, some free publicity from a celebrity of his caliber will boost the price significantly as it did already. We know he does use his Twitter to promote things in a very subtle way... like he did with his girlfriends band.   

I doubt that he would bash Bitcoin for no reason at all, because he was a keen supporter of Crypto currencies a while ago and he even admitted that he received some Bitcoin from a friend. (He did not buy any... based on his previous social media statements.) 

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[CarnagexD]

Guess he was trolling yet again. A shitpost if you will, but it does have its own way of incurring impacts to the people investing in bitcoin. We even made a thread here just to talk about it.

Well, some free publicity from a celebrity of his caliber will boost the price significantly as it did already. We know he does use his Twitter to promote things in a very subtle way... like he did with his girlfriends band.   

I doubt that he would bash Bitcoin for no reason at all, because he was a keen supporter of Crypto currencies a while ago and he even admitted that he received some Bitcoin from a friend. (He did not buy any... based on his previous social media statements.) 

Hmm. You may also be correct in this, some form of ulterior move that urged him to tweet this or something. Whatever it is, it's working, not long ago we reached 25k and it's not showing any signs of stopping right now. We may as well ride on this wave to shake off the price a little just to correct it. But I digress, Elon is a very calculated man.

[Searing]

OK let us walk through the Elon Musk Tweet here.

The link is below:

https://twitter.com/elonmusk/status/1340588909974200321?lang=en

That was 6 days ago today, pretty sure 5 days.

So 6 days ago the price of Bitcoin was according to Coinmarketcap.com www.coinmarketcap.com at the HIGH for that day of $24,161.65 USD

currently, at the time of this post, the price is $26,874.92 another All-Time-High for Bitcoin!

Doing the math, that means that IF Elon Musk would have bought 1 million Bitcoin at the December 20th price of that date above

he would have in the last 6 days made a 10.09% increase on or say about 109,000 USD (I think that is ballpark)

Now, remember it takes 11 plus days to make 1 million SECONDS it takes 31.5 YEARS to make 1 Billion Seconds...so the 1 million above is 'chump change' to Elon Musk.

Elon Musk does NOT like Bitcoin because it takes away Tesla's traditional stock glory and shine...if not for Bitcoin all $$ would likely be moving/more to Tesla stock as we speak!

If Elon Musk would have bought Bitcoin 1 month ago it would have been more than a 40% gain.

So remember his 'motives'

Anyway, thought it appropriate on this thread. Actions have 'consequences' ..especially the BS comment seems not to be true..don't ya think Elon?

(damn, I hope he is at least on bitcointalk.org)

Brad