Elon musk is for crypto or just for attention to boost Tesla, SpaceX?

[rdbase]

So looks like the founder of ethereum is starting to get all riled up with Elon Musk stating that even doge coin is more scalable than his coin alongside with bitcoin.
https://cointelegraph.com/news/vitalik-why-elon-musk-s-plan-for-scaling-crypto-10x-is-fundamentally-flawed
He was upset at what Vitalik said about him to cointelegraph cause he replied to their article with the following post:

Well Vitalik did respond to that tweet from elon in this interview just recently where he states he doesn't mind elon or doge to say the least.
But with that recent elon tweet with a break-heart emojii along side with the bitcoin symbol he did cause the dump from a nice rebound back to $39.2k all the way back down to $36.5k
https://www.youtube.com/watch?v=GPfW5b4SGNg

[1714714671]

1714714671

[rdbase]

Anonymous had come out of the shadows to say what he thinks of Elon doing all this for the very same reason I'd said he was, soley for the attention.
He does not care for the crypto and might as well garner enough eyes and ears to start his own at some point.

source: https://news.bitcoin.com/anonymous-targets-elon-musk-destroying-crypto-holders-lives-control-bitcoin

[quantis]

Elon Musk is deep in the globalist pocket after taking that 2 million USD of free money from the fed, whatever they say he does without question. And globalists sure don't like free, sovereign money. I think this was a publicity stunt to begin with in order to ultimately weaken crypto/bitcoin.

[Vishnu.Reang]

Did anyone mention his late agenda regarding "green" mining etc in the US? Given that this guy is one of the largest manufacturers in solar power equipment I find it hard to believe he won't try to push his "green" stuff to miners, while lobbying legislation supporting it.

After all, he is a businessman and one of the richest individuals in the planet. Don't expect these people to do something just because they believe that it will benefit the humanity. There will be a selfish motive behind each of his moves. Now I can't confirm Elon's connection to solar panel manufacturing, because this is the first time that I am hearing about it. But I won't be surprised if it's turns out to be true. Elon Musk is one of the main beneficiaries of this climate change debate. If the concern about climate change is not there, then no one would actually purchase his overpriced EVs.

[angrynerd88]

Elon is distinctive from other trade pioneers he took activity to know almost the cryptoworld and he is sweet as compare to others when they conversation approximately crypto in a bunch.Whrein making positive contemplations but the truth that he really here to publicize the coins since of being well known. Indeed he continuously make post completely different accounts particularly twitter wherein a short time later those are making changes since of him.It can be say that he is member of a whale who manipulate the market if he own crypto for liittle portion of their all companies he will lead in the crypto market.

[Crypto Fireside]

IMO Musk is a distraction.
I cant exactly say why.
I just think he is.
They'll tell you about Musk and China all day long (not that I am a fan of Chinese meddling in Crypto) but they'll never talk about the big boys and their plays and what they're currently doing to the US dollar, the Euro etc.

[livingfree]

IMO Musk is a distraction.
I cant exactly say why.
I just think he is.
They'll tell you about Musk and China all day long (not that I am a fan of Chinese meddling in Crypto) but they'll never talk about the big boys and their plays and what they're currently doing to the US dollar, the Euro etc.

He is because of the tweets attention that he has been making.

I think distraction is one of the correct descriptions. Yeah, there must be something that the bigger players including him have been doing but for them to be able to be uncaught, the attention is thrown to bitcoin.

Making issues that has been not really an issue at all.

[Kasabus]

IMO Musk is a distraction.
I cant exactly say why.
I just think he is.
They'll tell you about Musk and China all day long (not that I am a fan of Chinese meddling in Crypto) but they'll never talk about the big boys and their plays and what they're currently doing to the US dollar, the Euro etc.

He is because of the tweets attention that he has been making.

I think distraction is one of the correct descriptions. Yeah, there must be something that the bigger players including him have been doing but for them to be able to be uncaught, the attention is thrown to bitcoin.

Making issues that has been not really an issue at all.

Probably Elon right now is a disaster for all crypto enthusiasts unless he did not tweet about bitcoin and Tesla still accepting bitcoin payments right now.

I honestly think Elon is a smart guy but because of his own greed for money, he just created actions that are beyond our control. And that made him a big disaster in the crypto community.

[kawetsriyanto]

Probably Elon right now is a disaster for all crypto enthusiasts unless he did not tweet about bitcoin and Tesla still accepting bitcoin payments right now.

For many people, he is a real disaster. People blame him for the current big dump in Bitcoin price. Whether the dump is mainly caused by him or not, but inf fact after he tweeted about "Tesla no longer accept BTC payment", the Bitcoin price constantly declined. Well, he is a smart guy and an experienced businessman, I am sure he has planned this since the beginning. His purpose seems just to get attention from people around the world by doing this.

[Sithara007]

For many people, he is a real disaster. People blame him for the current big dump in Bitcoin price. Whether the dump is mainly caused by him or not, but inf fact after he tweeted about "Tesla no longer accept BTC payment", the Bitcoin price constantly declined. Well, he is a smart guy and an experienced businessman, I am sure he has planned this since the beginning. His purpose seems just to get attention from people around the world by doing this.

It is true that we received a boost when Tesla announced that they will accept BTC. At that time, the exchange rate was around $40,000 per coin (the increase from $8,000 to $40,000 was mostly due to PayPal). When Tesla reversed it's stance, the prices went back to the previous levels. No real damage was done, as the dip was only temporary. The prices are slightly below $40K now, but I expect it to cross that level within the next few days. Tesla was always like a double edged sword. Their exit will not do much harm to BTC in the long run.

[yohananaomi]

I think Elon, he is not interested in crypto, he is just taking advantage, joking to make profits for himself. He is a billionaire and he knows his influence on Tesla lovers, space x.. and he makes cryptocurrency a target to control to bring him profit. I'm sure he will continue to makes the crypto community with his silly tweets.

@elonmusk like this have a specific purpose with the Tesla company and it's true you said he will not be very interested in crypto but he wants his company to get good benefits from the way it is done with the aim of being able to make any profit, whether it's from policies and others. but all are lulled by what was said and very sad to believe even though this will worsen the continuation of crypto from people like this, should not be given the opportunity to do that again.

[livingfree]

IMO Musk is a distraction.
I cant exactly say why.
I just think he is.
They'll tell you about Musk and China all day long (not that I am a fan of Chinese meddling in Crypto) but they'll never talk about the big boys and their plays and what they're currently doing to the US dollar, the Euro etc.

He is because of the tweets attention that he has been making.

I think distraction is one of the correct descriptions. Yeah, there must be something that the bigger players including him have been doing but for them to be able to be uncaught, the attention is thrown to bitcoin.

Making issues that has been not really an issue at all.

Probably Elon right now is a disaster for all crypto enthusiasts unless he did not tweet about bitcoin and Tesla still accepting bitcoin payments right now.

I honestly think Elon is a smart guy but because of his own greed for money, he just created actions that are beyond our control. And that made him a big disaster in the crypto community.

He is as is as what you think and there's no doubt that he's really that smart guy.

But the actions that he did and words that he said about bitcoin, that's when we've reacted and can no longer tolerate his actions.

[Dhoe]

everyone knows Elon Musk has power, has wealth, he is a millionaire, one tweet can shake other people, he wants to make a profit, by taking advantage of every opportunity, he has many sheep who always follow him but we really don't want to be sheep Elon Musk, we remain in our position, whatever Elon Musk's post we don't want to care anymore

[sapnu]

It is clearly just for hype knowing Elon Musk and seeing the things he has done for a while with regards to crypto specially bitcoin. He has the influence and the power obviously but if you would see his credibiliy when it comes to crypto, he is not that credible because he's just been here for a while. It may have gave off a good outcome for bitcoin before but now that it has completely abandoned it, those good outcomes became detrimental for bitcoin. Elon is a pain in crypto and that could be the reason why his tweets doesn't matter anymore for many people.

[Trieteric]

Musk is for its company, about crypto, btc and other coins, he just playing with us! Why? Because he is bored, he's looking for trouble at a big scale which unfortunately is US!

[SoeNan89]

Elon Musk can be a warrior for those who are late to buy bitcoins.  And he also includes the disease of tea coins for people who are bitcoin holders.

 Elon Musk has an extraordinary mind in dropping the coin price.

[Kong Hey Pakboy]

Musk is for its company, about crypto, btc and other coins, he just playing with us! Why? Because he is bored, he's looking for trouble at a big scale which unfortunately is US!

I think that it's more than just his companies, yes you will put priority on your companies first but I think he is for the innovation and he sees cryptocurrencies as an innovation in finance. I might be wrong about it.

[TribalBob]

the hype created by Elon Musk, there is nothing for now he just did the fundamental analysis but didn't think twice before making the decision
Elon rich people in the world maybe or I don't know, looking at the way He talks on social media lately it can be seen His intention, is to try to make people believe in him again, and He seems to be checking his popularity and attractiveness from people around the crypto community and now with his Posts

[kinvan f]

EM is a man who lives for profit and his companies that bring him profit - and if he has felt something in cryptocurrencies that can bring him even more profit, he clearly shows that he will make the most of such an opportunity. On the other hand, the media adores him because he has an army of blind followers who jump on his every word or tweet, and he himself does not hide how much he enjoys being in the spotlight - all this means that everyone makes money while the masses have fun - win-win situation for everyone.

For days I have been hearing from various sources that EM will announce something tonight that will, as always, affect the price of some coins - so I already have a feeling that one man is moving the market in the direction he wants - for some it may be fun, but such power in the hands of one man is not something I like too much.

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All actions are for profit. It's just a means for him to make money.

[rdbase]

Atleast he has stop tweeting about it for the past two weeks so it has time to recover back to nearly $40k again before his twitter tyraid against cryptos

https://www.youtube.com/watch?v=z54nvLcEtOo