CEO of Twitter has full control of the Bitcoin market by banning Elon Musk

[BuyingBitcoin]

Bitcoin is still new and has a smaller market cap than other investments that one famous person on Twitter can influence the prices of Bitcoin and other cryptocurrencies.

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[mk4]

While Elon has a lot of influence on markets in general, banning him on Twitter is definitely not the way to go. Not to mention that it's a really really bad decision for Twitter if they'd do something like this. I mean, Elon has A LOT of followers. Twitter banning Elon just to prevent price manipulation is just like stabbing themselves in the back.

[tranthidung]

Such scenario won't happen at least in the near future.

• Elon & Jack have good relationship, at least as far as I know.
• They just participated in The ₿ Word | Live with Cathie Wood, Jack Dorsey, & Elon Musk
• Reasons mentioned by @mk4 above as well

[HaleyOccam]

I didn't understand what you meant, it felt like a master of conspiracy killed another master of conspiracy.

But if it can be realized, I support twitter. There is no doubt that Twitter gives me a sense of trust and credibility.

On June 7, according to foreign media reports, the day before yesterday, at the 2021 Bitcoin Conference in Miami, Twitter CEO Dorsey stated that if he does not work on Square and Twitter, he will engage in Bitcoin-related things. He called Bitcoin The currency "changed everything" is what attracts him the most.

He said at the conference: "Bitcoin will definitely change everything. I think in my lifetime, nothing is more important than this. In fact, if I'm not in Square and Twitter, I will study Bitcoin. If Bitcoin I need me more than Square or Twitter, and I will dedicate myself to Bitcoin. But I believe that both companies have their own roles."

I also don’t agree that Twitter can control the price of Bitcoin. In addition to our own rational judgment, there is also a possibility that through the speed of Twitter’s publicity, we can quickly gather the power of our retail investors to fight against the evil of giant whales or institutions.
GAME STOP has given us a living example.

[20kevin20]

Banning him would probably make Musk create his own platform similar to Twitter, to which then millions would move. I personally know a few people who are on Twitter just for Musk. He's got a tremendous number of followers, it doesn't seem like the best thing to do especially from a business POV. As far as I've noticed, bans usually create and place a huge amount of power in the affected personality's hands so the results may actually be quite the opposite of what you expect.

[mk4]

Elon can move to other platforms though plus it's not like Twitter is going to lose a lot of their users just because they banned their God, looked at what happened at Trump, he has a lot of followers and it seems that Twitter is doing just fine.

Not because they wouldn't lose a notable number of users it doesn't automatically mean it's not a bad idea. Do you really think Twitter would ban Elon just because he's sort of "harming" bitcoin and Jack is a bitcoiner?

[ranochigo]

It isn't because Bitcoin has a small market cap, that Elon Musk can move the prices with his tweets. It's that the investors are so vested in banging on larger corporations to get into Bitcoin or for people to be positive about it. When majority of the investors treats Bitcoin as a speculative asset, they are bound to buy or sell their Bitcoins based on opinions by various stakeholders, Elon Musk for example. They are more than likely to sell in fear if the reason why Bitcoin has gotten to 50K suddenly stops endorsing it, or vice versa.

[pooya87]

First of all Elon Musk never had as much influence on the bitcoin price as people think he has or had. If you look at the bitcoin price and compare it against his FUD, his influence was very little and cause something about 10 to 15% drop. The rest of the drop up to 50% had nothing to do with him but was all about the FUD regarding yet another "China banning bitcoin" nonsense.

That little influence he had is also over ever since his intentions became clear. Nowadays whenever he spreads some FUD or even says something positive the market barely shows any reactions. This is not limited to bitcoin, the shitcoin he advertises also stopped reacting to his hype.

[mk4]

Well, they would if it gets too toxic and the toxicity gets tolerated by Elon himself, I mean that's what happened to Trump right, he intentionally riles up the people so Twitter did what it has to do, make a decision to ban him and it won't be the last that it can happen.

If I remember correctly the article I've read in the past says something like Trump getting banned because of "promoting violence" or something like that. I really wouldn't put that and shitposting in the same category.

[KaliLinux]

While Elon has a lot of influence on markets in general, banning him on Twitter is definitely not the way to go. Not to mention that it's a really really bad decision for Twitter if they'd do something like this. I mean, Elon has A LOT of followers. Twitter banning Elon just to prevent price manipulation is just like stabbing themselves in the back.

I agree with you on that. Even though I don't like Elon much, I however don't believe that whatever he has tweeted out in the past has enough reason for a ban on tweeter. I think a ban should stem from serious than what Elon tweeted and don't forget that the crypto market is of two directions, while some investors were screening of losing funds from Elon tweets, others were making profits from it at thesame time. 

[UserU]

Ironically Elon's bringing business to Twitter with those manipulations so banning him is like killing the golden goose.

And it's not just Elon that's manipulating the market. You can't stop sheeps from following some controversial/ influential figure.

[swogerino]

Elon Musk I think is already out of the way regarding his impact in crypto.No one takes him seriously enough anymore and the markets do not react at all to his latest tweets.He lost credibility when at first accepted payments in Bitcoin for his Tesla cars and then came out that won't accept them anymore because Bitcoin mining consumes a lot of energy resources.

I don't think he will be banned as this would not solve any problem at all because there is no real problem from this person,no one believes him anymore,no one that has been in the crypto world for long enough.

[mk4]

Elon Musk I think is already out of the way regarding his impact in crypto.No one takes him seriously enough anymore and the markets do not react at all to his latest tweets.He lost credibility when at first accepted payments in Bitcoin for his Tesla cars and then came out that won't accept them anymore because Bitcoin mining consumes a lot of energy resources.

I don't think he will be banned as this would not solve any problem at all because there is no real problem from this person,no one believes him anymore,no one that has been in the crypto world for long enough.

He still does have a good amount of market influence, but with cryptocurrencies, his influence is definitely dying down. The recent DOGE tweets of his are barely moving the markets anymore. Which is great!

[rikybrosh]

Honestly, beside his tweets that make many cryptocurrency users disappointed, I think Elon Musk also promote cryptocurrency especially bitcoin well. In my opinion, he make many people learn more about bitcoin and start to invest in it. However market price manipulation by using self popularity is not a good thing, there are some of celebrities in my country who are warned because promoting stocks using their popularity and they also apologize for that.

[Yaunfitda]

Bitcoin is still new and has a smaller market cap than other investments that one famous person on Twitter can influence the prices of Bitcoin and other cryptocurrencies.

I disagree with the banning, on the contrary Twitter can exposed Elon's total ignorance of the bitcoin market by just looking at his tweet. And this is not going to sit well with some of his followers and maybe they will unfollow him. Resulting in a loss of confidence on Elon, then his influence will go down and probably he will be irrelevant except for his company. But crypto in general? he has lost his credibility already and will continue like that in the next coming months.

[Obito]

Honestly, beside his tweets that make many cryptocurrency users disappointed, I think Elon Musk also promote cryptocurrency especially bitcoin well. In my opinion, he make many people learn more about bitcoin and start to invest in it. However market price manipulation by using self popularity is not a good thing, there are some of celebrities in my country who are warned because promoting stocks using their popularity and they also apologize for that.

He does which is a good thing because with the influence that he has, he can reach more people but that doesn't mean that he is doing it altruistically because Elon has been proven to do some stupid stuff with his influence.

[Henrobakkara]

Honestly, beside his tweets that make many cryptocurrency users disappointed, I think Elon Musk also promote cryptocurrency especially bitcoin well. In my opinion, he make many people learn more about bitcoin and start to invest in it. However market price manipulation by using self popularity is not a good thing, there are some of celebrities in my country who are warned because promoting stocks using their popularity and they also apologize for that.

True that, As they say, "any publicity is good publicity" Investors will have to try to support or criticize Elon for what he was doing with crypto and especially Bitcoin and Dogecoin thereby allowing more people to understand what Bitcoin is really about. I think most people agree on the manner in which he was doing it that was wrong and not whether he said something.

[kryptqnick]

I generally don't support censorship, and Elon definitely didn't say anything bad enough to justify the ban. Banning loud voices we don't like is not the way. Instead, we should make them less influential by stopping paying so much attention to them. And besides, it's not like Musk really has immense power over the market. He has tons of power when it comes to shitcoin (thinking of babydoge now), but Bitcoin is strong, so his tweets can only cause minor temporary changes, similar to those that occur naturally with the fluctuating price.
I also agree with mk4 that such an act can prove ineffective and have a backlash with people paying even more attention to Musk, and getting very angry with Bitcoin, arranging a boycott or something like that.

[tbct_mt2]

I generally don't support censorship, and Elon definitely didn't say anything bad enough to justify the ban.

It is the crowd who are responsible for what they want to read, follow, listen to, etc. If they consider Elon Musk as manipulator, and annoying, they can unfollow him. If they follow him and let his tweets affect themselves, they can not blame it on Elon.

Banning loud voices we don't like is not the way. Instead, we should make them less influential by stopping paying so much attention to them. And besides, it's not like Musk really has immense power over the market. He has tons of power when it comes to shitcoin (thinking of babydoge now), but Bitcoin is strong, so his tweets can only cause minor temporary changes, similar to those that occur naturally with the fluctuating price.

They reacted to a simple tweet with a Bitcoin logo and broken heart very panic. If they have emotional reaction like this, they will be manipulated by others, not only by Elon Musk.

I also agree with mk4 that such an act can prove ineffective and have a backlash with people paying even more attention to Musk, and getting very angry with Bitcoin, arranging a boycott or something like that.

Because people think Elon Musk has huge power so they give him huge power on the market.

[verita1]

There are good answers like mk4 and tranthidung and other guys who have shared their reason why Jack can't ban Elon Musk from Twitter.
Elon Musk has not violated Twitter's rules.
The idea that Elon Musk is manipulating the market as a great influencer I think he was born spontaneously, he could not know the future. Traders are manipulating the market according to one of these euphoric events.

Constantly when I see a sudden change in the market I am in search of knowing in the digital media what the news is.
In my opinion, The B Word event was a good reunion with Musk and the bitcoin community and Jack as an ambassador for Peace.