Elon and and how this "dude" could effect bitcoin in the future?

[ThemePen]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

[1715220737]

1715220737

[Fatunad]

No one can tell on what would happen next but generally this market cant really be that too reacting when it comes to sentiments like this.Also, we do have experience on how Elon does have that
kind of manipulative kind of behavior which means that this market is fully aware with these kind of behaviors.Whether he would make out some shill and other things connected to it
but it wont really be that enough or assurance that we would really be seeing things according on what had been hyped or fud out.As a trader or investor then you should
be aware on when to act or wont act.

[lionheart78]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet used to directly reflect the red and green candles on bitcoin charts.

There fixed it for you.  Elon used to affect the Bitcoin market but I think his influence over the Bitcoin market had long been weakened.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kidn of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

No? It only affects Dogecoin big time.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Well if everyone embraces Bitcoin atm, the $100k mark will be surpassed in no time, but the reality sucks, changes does not appear overnight so I think Bitcoin struggle on being adopted by all government is still a long way.

[Yogee]

Next news after all the paperworks related to the transfer is done would most likely look like this,

"Twitter accepts bitcoin and doge as payment for ads".

The bitcoin tipping feature through Strike's lightning network could be expanded too.

I'm hoping we won't see a "Twitter coin".

[ololajulo]

I still dont see Elon Musk allow the so called free speech with the business in America and also as a citizen. Twitter will not prove otherwise to facebook, instagram etc to anything that could be against the country rule. Even the Trump as the president could be condone at the height of it. I dont know if it is written or unwritten but I know the system will  not tolerate his proposal.

[sunsilk]

He can shill all the time Dogecoin.

But still, no matter how hard he shills it. The market will still speak for itself. We're in an assuming bear market and it might continue to dip for some more.

Even how hard he shills his favorite coin, the market will still be the one to be followed by everyone no matter how good things he says about it.

[Upgrade00]

With owning this huge platform of Twitter he can either break it or make it. I think.

No single social platform can make or break Bitcoin

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

No again. Twitter adopting doge would be good for the meme coin, but would have no long term effect on bitcoin.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Do not place too much importance to an individual or company, Bitcoin is been adopted massivelyby different cooperations and is not sitting around waiting for approval from Elon Musk.

[24Kt]

With owning this huge platform of Twitter he can either break it or make it. I think.

No single social platform can make or break Bitcoin

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

No again. Twitter adopting doge would be good for the meme coin, but would have no long term effect on bitcoin.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Do not place too much importance to an individual or company, Bitcoin is been adopted massivelyby different cooperations and is not sitting around waiting for approval from Elon Musk.

Your points for me make sense as bitcoin market has been tested for more than a decade with so many factors already. This will not be the event that will determine the fate of bitcoin. It will just be another event in the crypto history. And by the way, is it too early to speculate on things? We don't even know what are the plans of Elon on twitter. We need something from him before we can discuss on what will be the impact of his plans to the crypto community.

[sheenshane]

He can shill all the time Dogecoin.

This is possible and we hope that it won't happen.

But if he accepts Bitcoin as a payment in having crypto ads on that platform, that would have an effect on Bitcoin in the future.  But this dude is pretty smart, we don't know what his next month and we can't predict it.  Let's see what will happen next.

For him, just free speech.
https://twitter.com/elonmusk/status/1519036983137509376

[ThemePen]

And by the way, is it too early to speculate on things? We don't even know what are the plans of Elon on twitter. We need something from him before we can discuss on what will be the impact of his plans to the crypto community.

I also posted on probably bases. I am also not sure what will happen. And have used the words (let) and if (if).

Because I also don't know what is the plan of Elon. And what is he thinking. But know that bigger minds always have bigger plans.

[yhiaali3]

Unfortunately this is a fact, everyone knows that the cryptocurrency market can be manipulated by a tweet of a big businessman!!! Although Elon Musk doesn't need to buy Twitter to manipulate the market but he does seem to like owning everything, however if the deal goes through and Bitcoin and Dogecoin are accepted as payment coins on Twitter we will surely see a big green candle in the market.

[kawetsriyanto]

As far as know, this man is a meme coin supporter. Not sure if he supports BTC as well as he did with meme coins.

Regarding the news that he just owned Twitter, it is too hurry if we conclude it as the beginning of big support for Bitcoin. Instead of supporting Bitcoin, it is probably a good sign for meme coin holders, especially Dogecoin. Elon Musk is well known as a supporter of Dogecoin, he may plan something big for Dogecoin by taking over Twitter.

However, no one really knows what Elon Musk plans in the future. Remember that Elon Musk doesn't only focus on crypto, he is the owner of Tesla. It will be more reasonable if he bought Twitter for the sake of Tesla marketing. Or he plans to build Twitter to be something bigger in the future.

[Vaculin]

He can shill all the time Dogecoin.

But still, no matter how hard he shills it. The market will still speak for itself. We're in an assuming bear market and it might continue to dip for some more.

Even how hard he shills his favorite coin, the market will still be the one to be followed by everyone no matter how good things he says about it.

Let him manipulate and shill on his favorite coins, but we won't let him manipulate our own thinking. In the future years, Elon will always influenced the people in the crypto market, but he can never manipulate bitcoin because bitcoin price will always follow its supply and demand. Although he can bring big effect in the crypto market in the future once he succeeded on Twitter, but we all know how deceptive he is, and that he will only do things for his own selfish desires.

[cabron]

Next news after all the paperworks related to the transfer is done would most likely look like this,

"Twitter accepts bitcoin and doge as payment for ads".

The bitcoin tipping feature through Strike's lightning network could be expanded too.

I'm hoping we won't see a "Twitter coin".

Twitter coin will be take over his doge if created. I wouldn't expect it. But doge could already be in his mind and Dorsey already tried BTC, I think deploying whats on their mind could already take Doge and BTC to mars.

He seem to want to be the top figure of free speech on the internet which the twitter could be an example of his work that everyone can say something without censorship.  TAking over twitter is already part of this democracy he demonstrate.

[peter0425]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

I think Elon's popularity in cryptospace will soon be gone , as nowadays? people in crypto starts to lose their Interest in everything that this clown deliver .
yeah the market is still affected but we can see that it gets lessen along the way.
so maybe in the next couple of years? he'll not be coming to make big effect in the prices and people here will never listen to his deliveries in time .

[Darker45]

Elon's pronouncements and actions could have somehow contributed to the movements of Bitcoin's price in the past. But I doubt they singlehandedly caused the reds and greens on Bitcoin charts. Neither will Elon's owning of Twitter will make or break Bitcoin. Elon has in fact grown to be a troll on the platform posting memes and sarcasm more often. His influence on Bitcoin has probably dwindled down to the minimum. Over Twitter, for example, people are somehow celebrating that a big HODLer of Bitcoin now owns Twitter. But look at Bitcoin's price.

[tranthidung]

From 50M followers, within one year, total followers of Elon Musk account on Twitter rises to over 80M. That's amazing and we can know how big impact his tweets can have on the crowd, not only restrict among his followers. Because from his followers, they will spread his tweets to more people globally, in seconds and short period.

Elon and Tesla have big impacts on Bitcoin but just short term. It's stupid to say they don't have any impact on Bitcoin because of total followers of Elon, and total Bitcoin owned by Tesla [1]. Currently, they own 43,200 BTC that is not a biggest amount among other whales. However, they have biggest followers on Twitter and with tweeting style of Elon, he can make surprising tweets to shill or dump Bitcoin.

Anyway, don't over FOMO or over panic with Elon tweets is my advice. Bitcoin will rise in long run because of its finite total supply that is repeatedly mentioned over social media. Don't fall into FOMO before and after each halving because you already know that information. Make your plans and accumulate Bitcoin until 99.2% of its total supply will be mined after the end of 2032-2036 epoch era. [2]

[1] https://bitcointreasuries.net/
[2] https://en.bitcoin.it/wiki/Controlled_supply

[ChiBitCTy]

Here’s my take on this.. I’m sure if you’re on twitter and follow Elon (who thanks you being the massive attention whore that he is) you’ve noticed how much him and Jack have been flirting with each other of late. Now I kid of course as I like Jack quite a bit and unlike Elon he knows quite a bit about bitcoin and cryptocurrency.

Anyone notice of late how he’s not talked about doge or posted about it? My theory is Jack has gotten through to him, or is starting to. I think these guys are going to end up working on some sort of project together eventually, and quite possibly a crypto one. Jack understands doge is utter dog shit and is highly passionate about bitcoin and has probably been taking with Elon about it of late (among all sorts of other things of course).

Here’s a recent round table of Elon, Jack, Cathie Wood (ARKK fund manager) discussing cryptocurrency/bitcoin. It’s embarrassingly obvious how little Elon knows about btc/crypto. He says some super cringy stuff!  - https://youtu.be/ct8LRwVHYoo

[Poker Player]

I believe that Musk's influence on the price of Bitcoin, as of today, is small. He had it last year, and it is inevitable that people will look at what he does and react in the short term to actions such as when he announced he was buying Bitcoin for Tesla and accepting Bitcoin payments. I personally don't care what he does and I don't think he's going to move the price of Bitcoin much some tweets.

[DanWalker]

I'm hoping we won't see a "Twitter coin".

This is a bad idea, I think Elon likes to hold and shill what he likes rather than creating a coin. If he wanted him to have done it before instead of he hold Doge and shill them. Doge will definitely have leaps when Twitter belongs to Elon, it can become a means of payment for Twitter. Now he will shill Doge whenever he wants because no one can stop what he wants to do on Twitter.

[Mr.sprin]

what we know Elon Musk is a big whale, I agree that Elon Musk can influence bitcoin in the future, because Elon Musk holds a lot of bitcoins, can you imagine if Elon Musk let go of all bitcoins? Of course the price of bitcoin will go down.

[bitzizzix]

Because he is one of the richest people in the world and who likes anti-mainstream activities and is also a big person who makes many people follow in his footsteps.
and he is content with making huge profits for fooling and manipulating the market some bitcoin investors

Bitcoin is a zero sum game, there is a profit or loss, and if you make a profit, it means that someone else or a group of people is losing. Well, Elon Musk is the lucky bunch.
but I think now there are many smart investors who already know the character of Elon Musk and whatever he does will still affect the most important thing we can do it at the right time.

[Beparanf]

Freedom of speech is what’s Elon main goal when he purchased this giant social media company. This is a very powerful in terms of awareness. There will be no censorship and other shit to manipulate mainstream media. This will benefit Bitcoin the most because there will be no risk anymore of banning all the tweets about crypto as well as the advertisement. There will be more utility of Bitcoin on twitter that we can expect in the future. Elon is the real hero of crypto. He starts this bull run and craze when crypto is dying during pandemic.

[worle1bm]

I think we should not be whole and solely concerned to this topic only as I have seen lot of threads on this topic of Elon buying Twitter but as bitcoin community we should be more focused on specific talks and if he have some step towards btc on the Twitter.There are lot of multi bagger deals and the shareholders seek profit in the deal so they made the decision but will see how things goes on in future.

[davis196]

The adoption of dogecoin by Twitter wouldn't affect Bitcoin in any way.
Elon Musk doesn't have major influence over the BTC price right now.Manipulating the market prices of financial assets by spreading rumors,gossips and even personal opinions(if we are talking about Elon Musk) is supposed to be illegal.Elon Musk stopped joking with Bitcoin in the last few months and even if he trolls Bitcoin again,the BTC community wouldn't take him seriously.
The deal of Musk acquiring Twitter isn't finished and it might be denied by the US authorities,so let's not pretend that Musk is the new owner of Twitter.

[lornadane]

Iya apa yang anda katakan itu bener sebahagian dari mereka masih memikirkan kalou Elon musk masih mampu mempengaruhi harga pasar bitcoin karena menglihat dulu dia mampu mengubah harga Dogecoin hanya dengan tweet twitternya.
Tapi sekarang dia sudah tidak berdaya lagi jadi kita jangan  terkecoh sama apa yang di isukan lagi tentang Elon musk ya kan gaes.

The adoption of dogecoin by Twitter wouldn't affect Bitcoin in any way.
Elon Musk doesn't have major influence over the BTC price right now.Manipulating the market prices of financial assets by spreading rumors,gossips and even personal opinions(if we are talking about Elon Musk) is supposed to be illegal.Elon Musk stopped joking with Bitcoin in the last few months and even if he trolls Bitcoin again,the BTC community wouldn't take him seriously.
The deal of Musk acquiring Twitter isn't finished and it might be denied by the US authorities,so let's not pretend that Musk is the new owner of Twitter.

Yes what you said is true some of them still think that Elon Musk is still able to influence the bitcoin market price because he saw that he was able to change the price of Dogecoin just by tweeting his twitter.
But now he's helpless so let's not be fooled by what's being said about Elon Musk again right guys.

[Ahli38]

there was a time when Elon was very influential in bitcoin. but I think now is not the time anymore. maybe for doge it is still influential because we saw yesterday the price of doge went up drastically with the influence of elon. but we also see that for bitcoin, the effect is not too obvious.

but it is undeniable that Elon one day made big news about bitcoin. then the price will definitely follow in the direction of what action Elon will make later. As we know Twitter is a big social media. with twitter in hand I think Elon can be more flexible.

[yazher]

I think he will gonna use his authority to further promote whatever cryptocurrencies he like because he has now full access to which coins he wants to promote every day on Twitter and he also has the access to stop any promotion that hasn't paid anything to him. Looks like it will gonna be the best for Bitcoin wants he to start tweeting another good and positive twee about it but surely along with Dogecoin since he won't gonna stop promoting it until it reaches the price he speculated these few years.

[KaliLinux]

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Why is this even a concern? did Elon Musk adopt Dogecoin for direct tesla buy apart from Mech? and what effect did that even create for Dogecoin? I couldn't help to notice the little spike in the price of Dogecoin after the tweeter news but we are back although that might actually make an impact on the price but, I don't see that move yet.

[Jawhead999]

Non sense, there's no relations between Elon and Bitcoin or Doge and Bitcoin.

He's just a billionaire and actually no one should trust his tweet, I wonder why many newbies are so serious with his jokes. He can tweet anything he like and he can change it whenever he like.

Doge is just a meme coin and the developer already abandon their project, probably they could comeback... but I don't see any development that they need to improve since Doge doesn't have any utility.

[virtualdn]

If anybody thinks Elon will give you free speech keep dreaming. This guy is someone to avoid and I wouldn't trust him for 5 minutes. But people are like sheep what do you expect.

He will show his true face sooner or later, might be too late for some. He turned Dogecoin to garbage coin now he will do with Twitter the same thing. Never trust a billionaire buying toys for his own pleasure.

[sunsilk]

He can shill all the time Dogecoin.

This is possible and we hope that it won't happen.

But if he accepts Bitcoin as a payment in having crypto ads on that platform, that would have an effect on Bitcoin in the future.  But this dude is pretty smart, we don't know what his next month and we can't predict it.  Let's see what will happen next.

For him, just free speech.
https://twitter.com/elonmusk/status/1519036983137509376

Well, let's just think that in all of the possibilities there will be moments that he might do it.

About acceptance of bitcoin as payment for the ads inside Twitter, we don't know what's on his head and he's just all for the free speech. And hopefully, that free speech won't be abused.

Because it's likely that some huge influencers are going to backlash bitcoin once again for their own gain.

[mr.vivalavida]

Bitcoin is being more adopted worldwide everyday, this means that the price is less volatile each day and is more difficult to someone affect the price of bitcoin and I think that he won´t affect the price of bitcoin whatever he says. In the long run definitely nobody will affect the price of bitcoin just for sharing some thoughts on twitter.

What I like in bitcoin is that you can have all the money in the world, be a billionaire and you simply can´t control the network. You have the same power of someone that have 1000$ in bitcoin. Obviously you can sell large amounts of bitcoin and affect the price, but I think that this already have not a big effect in the price anymore because whales buy and sell large amounts of bitcoin everyday.

Individuals with very different net worths have the same power, are equal in the bitcoin network. This is freedom. This is bitcoin.

[Leviathan.007]

We cannot have an exact prediction about the future of bitcoin and cryptocurrencies to say how would Elon affect bitcoin and this market, but from what we know current and what we can say he is interested in dogecoin and as he gets some economic success he dogecoin price usually rise and increases, but in the same time because of sopping acceptance of bitcoin by tesla, bitcoiners cannot trust this dude, for example after being twitter many people are thinking about Twitter accepting cryptocurrencies for Twitter ads but from what we saw from this company Tesla, I'm not really positive about hs effects on the market.

[Pesona1]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

I also doubt if Elon Musk will be able to keep twitter still transparent after he buys it, it's hard to predict what Elon Musk will do to Twitter in the future but I think Twitter will be a platform that might only be used to increase the electability of his other companies, as a businessman of course Elon Musk has ulterior motives in every step he takes and I think twitter is going to be very bad in the future once Elon Musk has it under control now.

[AakZaki]

what we know Elon Musk is a big whale, I agree that Elon Musk can influence bitcoin in the future, because Elon Musk holds a lot of bitcoins, can you imagine if Elon Musk let go of all bitcoins? Of course the price of bitcoin will go down.

Do you know how many Bitcoins Elon has? Is it greater than the number of Microstrategy?  I once read if he only has 0.25BTC in his personal wallet. As for Tesla, I know tesla has about $1.5 billion in bitcoin. They use as an income strategy and payment alternative. So far, there has been no official statement from Elon. Although the value is down but I think the market will make a recovery, this is because many people believe the future of Bitcoin is very good.

[justdimin]

I think he will gonna use his authority to further promote whatever cryptocurrencies he like because he has now full access to which coins he wants to promote every day on Twitter and he also has the access to stop any promotion that hasn't paid anything to him. Looks like it will gonna be the best for Bitcoin wants he to start tweeting another good and positive twee about it but surely along with Dogecoin since he won't gonna stop promoting it until it reaches the price he speculated these few years.

We still need to realize that regulations of stock market is real and SEC could file charges against him. If he promotes crypto and he gains from it personally, he would be facing charges, so he could technically still do it, but not via any of his companies, so if Tesla buys bitcoin and then Elon promotes bitcoin that will be conflict of interest.

Not saying that he can't, there could be some legal loopholes found, but using your own company to promote something your other company bought will become a bit of an issue in the long run. This is mainly due to the fact that he would be causing a lot of people to invest their money into something, and probably causing them to lose money.

[Oilacris]

I think he will gonna use his authority to further promote whatever cryptocurrencies he like because he has now full access to which coins he wants to promote every day on Twitter and he also has the access to stop any promotion that hasn't paid anything to him. Looks like it will gonna be the best for Bitcoin wants he to start tweeting another good and positive twee about it but surely along with Dogecoin since he won't gonna stop promoting it until it reaches the price he speculated these few years.

We still need to realize that regulations of stock market is real and SEC could file charges against him. If he promotes crypto and he gains from it personally, he would be facing charges, so he could technically still do it, but not via any of his companies, so if Tesla buys bitcoin and then Elon promotes bitcoin that will be conflict of interest.

Not saying that he can't, there could be some legal loopholes found, but using your own company to promote something your other company bought will become a bit of an issue in the long run. This is mainly due to the fact that he would be causing a lot of people to invest their money into something, and probably causing them to lose money.

For sure he's much aware on how thing goes when it comes to legality and aware on how violations do work and where it would be possibly be applied thats why its impossible for him not to know

about these things and as a billionaire then he would definitely do things on what he do likes but of course it would be on legal or ethical manner.Lots might have that kind of impression on which
he's really that do love manipulative kind of acts.

Somehow we do know that crypto community wont really be that dumb on following whenever there are some potential shills came out from his mouth.

[Cookdata]

No wonder doge token was shaking the Coingecko whales to push the price minutes after it was announced that Elon has successfully purchased Twitter and have become a private own company.
Bitcoin is more than the way you all see bitcoin and this Elon musk thing, the highest application of Bitcoin I can't wait to see on Twitter is an inbuilt lightening network, also may be settlement of ads with bitcoin which of course will be achiveable with the help of lightening network.
Let's look bitcoin beyond Elon, if I can remember around 2020, nobody was talking about Elon success not until the Tesla stock skyrocket. He has done good job to influence lots of people but let's built this place in a decentralized manner that even the day Elon get replacement as the richest man, bitcoin will continue to be bitcoin.

[darkangel11]

Elon has much less influence over bitcoin than in the past. His tweets used to change a lot for price but people got burned after he pumped and dumped bitcoin last year and they started to care less about his strange tweets. It was all about manipulating bitcoin and having fun while doing it. Once he got people to buy and dumped his coins on their heads he started to talk shit about the community. I doubt he'll buy bitcoin again after the wave of hate he received for pumping and dumping.

[Kasabus]

He can shill all the time Dogecoin.

This is possible and we hope that it won't happen.

But if he accepts Bitcoin as a payment in having crypto ads on that platform, that would have an effect on Bitcoin in the future.  But this dude is pretty smart, we don't know what his next month and we can't predict it.  Let's see what will happen next.

For him, just free speech.
https://twitter.com/elonmusk/status/1519036983137509376

Of course, there should be other reason other than free speech why he's so obsessed in buying Twitter, but knowing how smart he is, i think he has already set his plans before that. And even if all the boards will refuse his offer, well he does not easily stop and he always pursue his plans no matter what. Though he's always the big fan of dogecoin, but i'm pretty sure that he will also dwell on bitcoin once he succeeded from buying Twitter. Expect by then that bitcoin will have to undergo a roller coaster ride again once he starts to influence the market and the community of bitcoin.

[ololajulo]

I believe that Musk's influence on the price of Bitcoin, as of today, is small. He had it last year, and it is inevitable that people will look at what he does and react in the short term to actions such as when he announced he was buying Bitcoin for Tesla and accepting Bitcoin payments. I personally don't care what he does and I don't think he's going to move the price of Bitcoin much some tweets.

Elon musk was a tool in the market, I felt he was used and his tweet on the energy consumption of bitcoin/green energy adoption was responsible for the first dump last year. He got quiet on bitcoin since then, as twitter is the most active platform for cryptocurrency where news are sold. I dont know what he will do differently as the owner of the forum.

[Imran232]

What he wants and how he wants it, in my opinion, is entirely up to him. Just imagine he bought Twitter for more than the market value of Twitter. He does not do anything without a second thought, though he might be doing this because of other things or might be thinking more deeply than we can predict. Because he spends a lot and I believe billionaires do spend, they just invest. Twitter is also an investment for him. Now he can run his business to make profits for him. And if he chooses the crypto market, then he might choose some coin or token to make his profit through his tweet. And what I say entirely depends on how he wants to make profits. That's it, and that's my overall opinion on the subject; others' opinions may differ. Thank you.

[famososMuertos]

OP: The green candle!! it's not always the only thing to look.

We always think of bitcoin as a value asset
-/El-On is the messiah...(!?) nah! he is "investiment man".
I think he feels like a Marvel character, it's not written(script) yet if he's really going to be a villain or a hero, but I think he has a tendency to play both sides when it comes to bitcoin./-
-/^{sarcasm alert}/-

Let's hope that this speech that brings "freedom of expression" is extrapolated to freedom to manage our money.

[Wexnident]

Aren't you overestimating the influence of Elon on the market? Even if Elon was a man known for his involvement in crypto, I don't think that's enough of a reason to say that he can influence the market in a big way, especially if we consider how most of what he's (publicly anyway) shared was about Doge (and that was him memeing it imo). The most that's happening right now might honestly just be hype, people thinking that Elon buying Twitter is a good thing since he's so publicly involved with crypto.

[Findingnemo]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

People may react to such things for few times lets say for about 10 times? Or even 100 times but he can't keep doing it all days remaining and also he will be targetting something big with such influence apart from cryptocurrencies alone so this dude will affect the investors few times not every time.

[Smack That Ace]

Elon has much less influence over bitcoin than in the past. His tweets used to change a lot for price but people got burned after he pumped and dumped bitcoin last year and they started to care less about his strange tweets. It was all about manipulating bitcoin and having fun while doing it. Once he got people to buy and dumped his coins on their heads he started to talk shit about the community. I doubt he'll buy bitcoin again after the wave of hate he received for pumping and dumping.

It is true that he manipulated the bitcoin price for his own gain but there is no denying that his support for the cryptocurrency has inspired many.

We still don't know what he will do next with Twitter but as a crypto advocate and Twitter as an active social network for crypto I think this will positively impact the development of crypto. Along with Twitter ownership, Elon is also one of the whales holding large amount of bitcoin so I think he will be a bitcoin influencer in the future.

[Henrobakkara]

what we know Elon Musk is a big whale, I agree that Elon Musk can influence bitcoin in the future, because Elon Musk holds a lot of bitcoins, can you imagine if Elon Musk let go of all bitcoins? Of course the price of bitcoin will go down.

May be may be not and I believe that Elon Mosk doesn't hold as much Bitcoin as Michael Saylor does. I think some of us still give Elon too much credit for how much influence he can continue to pull in the market but I think this time is different from the first time he made those moves cos investors have seen what happened then.

[marine4u]

What he wants and how he wants it, in my opinion, is entirely up to him. Just imagine he bought Twitter for more than the market value of Twitter

He can certainly make an impact since the status of a famous and rich person always represents power.  But that doesn't mean he has the right to allow "one hand to cover the sky" over the scope of the crypto space.  I admit owning twitter can be a potentially transformative premise if he wants to promote something.  Elon owns bitcoin, Tesla owns bitcoin, and most likely twitter too.  I more or less appreciate the importance of Elon, but if think he can change things, I'm afraid he can't.

[avikz]

Elon is not that kind of person whom you can predict. He has 91 million followers in Twitter and he could influence a large number of people just the way he did for Dogecoin. So he can do the same for bitcoin as well. Buy since his company holds some amount of bitcoins, I am not sure if SEC will allow him to do so!

But yes, he can indeed influence a large number of people and adopt cryptocurrency within Twitter ecosystem which Jack was thinking to implement since last couple of years.

[horrifiedx1]

What he wants and how he wants it, in my opinion, is entirely up to him. Just imagine he bought Twitter for more than the market value of Twitter

He can certainly make an impact since the status of a famous and rich person always represents power.  But that doesn't mean he has the right to allow "one hand to cover the sky" over the scope of the crypto space.  I admit owning twitter can be a potentially transformative premise if he wants to promote something.  Elon owns bitcoin, Tesla owns bitcoin, and most likely twitter too.  I more or less appreciate the importance of Elon, but if think he can change things, I'm afraid he can't.

Of course he will have a big influence after this, with increasing power after buying twitter. what will be done after, of course there will be a big scenario after this. he seems to be able to do, and money will always follow him, on the other hand of course there will be many small fish that follow him to get food. but would an influential person like him be misguided? I guess there's a slim chance for that to happen

[DanWalker]

I'm hoping we won't see a "Twitter coin".

This is a bad idea, I think Elon likes to hold and shill what he likes rather than creating a coin. If he wanted him to have done it before instead of he hold Doge and shill them. Doge will definitely have leaps when Twitter belongs to Elon, it can become a means of payment for Twitter. Now he will shill Doge whenever he wants because no one can stop what he wants to do on Twitter.

We don't know yet the real reason why he bought Twitter other than what he said in some interviews of wanting free speech simce many issues of censorship and being biased were labeled in Twitter before especially when it comes in politics. Now being a private company owned by Elon it may have a larger impact not just in what he wanted Free speech but also into crypto since he is known for voicing out what coins to shill like how he is able to make Doge coin popular. Whatever his motive is it for sure will benefit his compnies as well he see it as way to develop or gain more profit in the future.

He definitely has a plan for Twitter not just free speech, it's probably one of the reasons. We all know him as a talented person and the richest man in the world right now and $44 billion is a huge number.

He won't spend such a large amount of money to own Twitter and give  joking tweets, other than using Twitter to shill coins, I think he has a big plan for his business. But whatever the reason, his twitter acquisition will be a good thing for crypto as he is also one of the crypto lovers.

[taufik123]

Becoming the richest person in the world Elon Of course you must also be wise in determining something. Buying twitter is very easy for him and making twitter as a place for free speech certainly has its pros and cons, but I also believe that twitter managed by Elon will provide extraordinary developments in the future.

Because Elon is also a crypto fan, of course crypto will be an important part of Twitter. Elon has a huge influence not only on bitcoin but on the entire cryptocurrency ecosystem.

Even now Elon is planning to buy Coca Cola which is quoted from his tweet today

https://twitter.com/elonmusk/status/1519480761749016577

[coupable]

Of course, there should be other reason other than free speech why he's so obsessed in buying Twitter, but knowing how smart he is, i think he has already set his plans before that. And even if all the boards will refuse his offer, well he does not easily stop and he always pursue his plans no matter what. Though he's always the big fan of dogecoin, but i'm pretty sure that he will also dwell on bitcoin once he succeeded from buying Twitter. Expect by then that bitcoin will have to undergo a roller coaster ride again once he starts to influence the market and the community of bitcoin.

Elon does not put such a large amount into an investment without having a detailed idea of how he will improve the impact of the powerful company and make it in some ways different from what it was before. However, so far, Musk has not given any details about his detailed view of Bitcoin. All he has revealed are general ideas about how he sees Twitter now, and how he would like to see it in the future.

[Gyfts]

As far as know, this man is a meme coin supporter. Not sure if he supports BTC as well as he did with meme coins.

Regarding the news that he just owned Twitter, it is too hurry if we conclude it as the beginning of big support for Bitcoin. Instead of supporting Bitcoin, it is probably a good sign for meme coin holders, especially Dogecoin. Elon Musk is well known as a supporter of Dogecoin, he may plan something big for Dogecoin by taking over Twitter.

However, no one really knows what Elon Musk plans in the future. Remember that Elon Musk doesn't only focus on crypto, he is the owner of Tesla. It will be more reasonable if he bought Twitter for the sake of Tesla marketing. Or he plans to build Twitter to be something bigger in the future.

Elon Musk in no way supports Bitcoin. He sees it as an environmental hazard more than anything and isn't shy to trash BTC while promoting worthless altcoins for the "memes." He doesn't seem to understand the energy burden fiat currency systems require along with the type of infrastructure they use. This isn't surprising for a billionaire, but for someone that is familiar with green energy, you'd think he'd be more willing to reduce the strain financial systems put on energy consumption.

[qwertyup23]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Hmm interesting observation- that could be a possibility where Elon may use some sort of feature on Twitter where Dogecoins can be generated or traded at the same time. I think this is a sign that people should at least acquire/purchase some Dogecoins since the empire of Elon Musk is slowly increasing and getting bigger. Who knows on what purchase or acquisition will he go next- but one thing is sure; it's that his support on Dogecoin implies that he will be utilizing it on his projects.

I just hope that this would bring a positive feedback for cryptocurrencies in general, and not just in Dogecoin. Even though he may be against BTC, I hope that it brings positive effects for cryptocurrencies.

[SatoPrincess]

As far as know, this man is a meme coin supporter. Not sure if he supports BTC as well as he did with meme coins.

Regarding the news that he just owned Twitter, it is too hurry if we conclude it as the beginning of big support for Bitcoin. Instead of supporting Bitcoin, it is probably a good sign for meme coin holders, especially Dogecoin. Elon Musk is well known as a supporter of Dogecoin, he may plan something big for Dogecoin by taking over Twitter.

However, no one really knows what Elon Musk plans in the future. Remember that Elon Musk doesn't only focus on crypto, he is the owner of Tesla. It will be more reasonable if he bought Twitter for the sake of Tesla marketing. Or he plans to build Twitter to be something bigger in the future.

Elon Musk in no way supports Bitcoin. He sees it as an environmental hazard more than anything and isn't shy to trash BTC while promoting worthless altcoins for the "memes." He doesn't seem to understand the energy burden fiat currency systems require along with the type of infrastructure they use. This isn't surprising for a billionaire, but for someone that is familiar with green energy, you'd think he'd be more willing to reduce the strain financial systems put on energy consumption.

I don’t think Elon Musk truly believes bitcoin is a major cause of environmental hazard. I think he’s just acting as the unpredictable billionaire who can say anything he wants, his character is similar to Donald Trump in a way. Either ways, Elon’s influence in the market cannot be denied. He pumped doge coin by just twitting a few words, and bitcoin dumped when he came out calling bitcoin an environmental menace. Now he owns Twitter, Elon now has a powerful tool at his disposal which he can use to shape narratives in his favor.

[teosanru]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Well to be honest i didn't imagine this wild a thought that he might make it possible to pay for Twitter in dogecoins but apparantly this might not be true, if he was to do that he will first do it with Tesla as well then will come to do it with Twitter, but yes if something like this happens Doge will become a utility coin suddenly from a mere meme coin so yes this is dangerous but quite difficult to happen at the same time.

[asus09]

I personally think that Elon Musk will not be able to influence bitcoin in the future, because I think the market will speak for itself, Elon Musk tweets based on his own heart he will not care about other people's feelings, after being told he bought Twitter he immediately made a tweet ,he will do freedom of speech and freedom of speech on Twitter,he will also accept bitcoin with twitter,to be honest I don't really believe in his tweets,because he never does anything according to what he says.

[Captain Corporate]

Elon "did" managed to influence bitcoin, mainly doge but I am sure some of that helped bitcoin price to go up as well, specially that 1.5 billion dollars purchase news. Twitter purchase could impact it as well if he somehow integrates it into twitter as well but aside from that I do not see any connection. Twitter is already filled with crypto influencers, unless something changes about that subject, leaving it as it is shouldn't really be a big problem. Even the news of him trying to buy it increased doge which makes no sense, there will no sustainable increase but hypes like these, but it will always be temporary if he doesn't connect the two together.

[Renampun]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

you're thinking too much, so far there has been no new official news about doge will be the default cryptocurrency for twitter...

since Elon officially showed interest in bitcoin last year, since then the bitcoin price has continued to stabilize around $30k+ till $45k. Bitcoin adoption will definitely happen and it can't be denied, even before Elon owned Twitter, Jack as the founder of Twitter has included a tipping feature with Bitcoin on Twitter. twitter, elon and bitcoin really good combination.

[Viscore]

He can shill all the time Dogecoin.

But still, no matter how hard he shills it. The market will still speak for itself. We're in an assuming bear market and it might continue to dip for some more.

Even how hard he shills his favorite coin, the market will still be the one to be followed by everyone no matter how good things he says about it.

The people have already become smarter these days and they will never go for dogecoin again in replace for bitcoin. No matter how Elon shills his dogecoin, even if he will own Twitter in the future, that will not change in the market that the people would still go for bitcoin and will never be influenced by Elon again. Though newbies will be easily influenced by Elon, but the moment they start to believe him, that will mark their first loss, and for sure they will learn good lessons from it.

[TheNineClub]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

I think the impact Elon had on the overall situation of crypto was a bit overblown, a were all other factors downplayed. In the end, it will only be a mix of factors as it always was, Elon is just one of the factors that contribute to the overal crypto fluctuation.

[Finestream]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

There's no one else here really knows the future plans of Elon, so we should bear on it. But IMHO, bitcoin will always be firm and strong not to be affected with it, but somehow bitcoin will always be triggered by Elon. Because we already know the personality of Elon, and he will always pursue whatever his plans. But one thing is certain, we have learned our lesson before, so we should be wiser now not to be deceived by him.

[adzino]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

If Elon says something about Bitcoin and twitter, I am almost sure that the price of bitcoin will start skyrocketing and people will start praising him. But when he will say a something against bitcoin, even if it is true, the price will crash and those who FOMOed into bitcoin will start cursing him because they will lose a lot. So yeah, we can either break it or make it like he did when he started accepting bitcoin in Tesla and then few weeks later he stopped.

[Ahli38]

I think he will gonna use his authority to further promote whatever cryptocurrencies he like because he has now full access to which coins he wants to promote every day on Twitter and he also has the access to stop any promotion that hasn't paid anything to him. Looks like it will gonna be the best for Bitcoin wants he to start tweeting another good and positive twee about it but surely along with Dogecoin since he won't gonna stop promoting it until it reaches the price he speculated these few years.

even with twitter in Elon's hand. this should be good news for the cryptocurrency world, especially for Doge and bitcoin. because we all know Elon must be holding a lot of bitcoins. and to doge like you said. surely he continues to promote it so the price will match what he has said in the past.

[bubidan.id]

More precisely he is like an influencer, he can have a big effect on the movement of bitcoin, with the achievement of acquiring Twitter and with his tweet weapon, he easily makes bitcoin price change in a short time. I think it will be terrible for the future of cryptocurrencies.

[Wind_FURY]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

Mere "moods" of the market affected by someone who was the favorite billionaire of the day. Plus there was a new group of plebs like us entering Bitcoin Land. They haven't learned of the HODL yet.

With owning this huge platform of Twitter he can either break it or make it. I think.

A platform for mere propaganda for, or against Bitcoin. The network will continue to chug along, adding block by block to the blockchain.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

No, only the price. Maybe.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Elon Musk is on his own path to true understanding like many of us mere plebs. He was very opinionated before that Bitcoin needs to increase the block size, thinking it to be very simple. Changing one parameter affects all other parameters, and especially affects the incentive structure.

Wait for his opinion 5 years later.

[shahzadafzal]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Well you are right there will be "some" effect on the market with any such news but the important question will that effect be long lasting?

Answer is No, absolutely not.

It's been a long time since bitcoin has developed immunity to such FUD.

Certainly a temporary effect will be there but, the days are passed when bitcoin gets affected by a single person, or by a country  or even a region let it be Europe or Americas.

You have seen China banning bitcoin mining. It affected the market but it recovered within a couple of months.

So no, in the long run Elon like "dudes”' won't affect bitcoin much.

[Emitdama]

No, sorry I can't agree with that. It wasn't Elon that inspired people to use bitcoin but there are many influencers that encourages the use of bitcoin before he came in the scene. Elon isn't a true bitcoin supporter but he only use bitcoin to gain followers or attention because later on he drop the support for bitcoin and then replaces it with meme coins. There where rumours that Elon will change twitter for good, saying that he don't like the current twitter because it restricts some post or countries. That's a good advocacy there, only if that is true.

The reason I am doubting is because Elon has some shady background before. If he adopts dogecoin on twitter, I don't think that will affect bitcoin. What I know is that bitcoin only affects altcoins and not the other way around.

[sana54210]

It is true that he manipulated the bitcoin price for his own gain but there is no denying that his support for the cryptocurrency has inspired many.

We still don't know what he will do next with Twitter but as a crypto advocate and Twitter as an active social network for crypto I think this will positively impact the development of crypto. Along with Twitter ownership, Elon is also one of the whales holding large amount of bitcoin so I think he will be a bitcoin influencer in the future.

If he could just add in a "tip" button to twitter where we could tip in twitter without ever getting out, that would change so much. Imagine a scenario where you deposit money, any money, maybe twittercoin if he wants to, or doge, and then everyone tips each other, or even have like subscription which you can pay with crypto, then we would have such a huge economy there as well.

Do not consider it as a huge sum, like even $1 would be fine, obviously tipping is personal and you could do 10 cents or 10k, it is all up to whatever amount you want to tip. Twitter could take like 0.10% of that and still would make a lot more money. That is what I am expecting him to do.

[Synchronice]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

Inspired in what way? Did people understand the pros and cons of bitcoin? Did people understand what's difference between Bitcoin and fiat? Did people understand what makes Bitcoin unique? I don't think so, I really don't think so.

I'll try to explain crowd psychology in given situation:
Elon Musk - Guys, I think that bitcoin is the future and I'm going to invest in it
Crowd - Hey people, Elon Musk, one of the richest guy decides to invest in bitcoin. He is so confident and charismatic, this man is definitely very smart, he always achieves success, have a look at Tesla and SpaceX, I'm not losing here, I'm sure, let's follow our god Elon.
Elon Musk - My company Tesla is going to put $1.5 billion in bitcoin.
Crowd - Holy shit! The price is rising, glad we followed our god Elon.
Elon Musk - Hey Crowd! Let's move doge to the moon!
Crowd - Holy fuck! Let's buy dogecoin asap, I repeat - ASAP!
Elon Musk - Dogecoin worths $1, let's make it happen!
Crowd - Yeah baby! Doge to the moon!
Elon Musk - Sorry crowd, I just woke up and I think I won't accept bitcoin anymore due to environmental concerns as it consumes a lot of energy!
Crowd - Oh Elon, you liar, I'm gonna sell bitcoins!
Someone from the crowd - Buy Matic, buy Matic! (Echo effect).
To be continued...

With owning this huge platform of Twitter he can either break it or make it. I think.

I said, people didn't learn a thing! Doesn't he make things centralized by acquiring Twitter? Sorry, but I don't believe in billionaires supporting the freedom of speech.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

That will be proof and a summary of how humanity has degraded over time.

[ninis45]

Elon musk is one of the richest people who can do things in a way to get bigger profits, one of which is currently being talked about is buying twitter which could make doge go up so significantly even though he still hasn't done anything with twitter.
i don't see ELon musk anything that can inspire what he does except just a few of his tweets can hypnotize the market especially doge at some moments but what i like about him is he doesn't play with what he says

[bbc.reporter]

Elon "did" managed to influence bitcoin, mainly doge but I am sure some of that helped bitcoin price to go up as well, specially that 1.5 billion dollars purchase news. Twitter purchase could impact it as well if he somehow integrates it into twitter as well but aside from that I do not see any connection. Twitter is already filled with crypto influencers, unless something changes about that subject, leaving it as it is shouldn't really be a big problem. Even the news of him trying to buy it increased doge which makes no sense, there will no sustainable increase but hypes like these, but it will always be temporary if he doesn't connect the two together.

The community should return to reality. Elon Musk made a margin loan of $12.5 billion to buy Twitter. He used $62.5 billion of stocks of Tesla as collateral for this. It is speculated that if Tesla dumps by 43%, Elon will have a margin call. This -43% dump is when the price of Tesla stock is $571.

The American economy, similar to other countries' economies, might enter a recession. $571 per Tesla stock is very much a possbility if we enter a recession. What do companies do if they take risk and needs more liquidity? They sell assets. What is one of the easiest assets to sell that Tesla owns in their treasury?



Assuming a starting value of $1,000 per share, the margin call comes at a share price of $571, at which point Musk would have to find $2.6 billion to lower the outstanding amount of the loan and bring the loan to value ratio down to the reset level. This could force the sale of some of Musk’s Tesla shares, putting downward pressure on the share price and lowering the collateral value further.

Source https://seekingalpha.com/article/4503494-tesla-stock-as-collateral-to-buy-twitter-avoid-buy-the-dip



Also, there were articles that Michael Saylor has also made loans against Microstrategy's bitcoin as the collateral.

[Anonylz]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Elon Musk is a world class business man and for him to have that means he is smart and sensible, so the question of him coming back to his senses is pointless.  It has always been about power and control, with the acquisition of twitter it is very likely he will exercise that power, using the platform to promote dogecoin and probably talk down on btc like he always does.
I really won't expect anything less, I was really hoping Jack will not agree to his offer but I guess it is all about business at the end of the day.

[jhonjhon]

Elon Musk's witty tweets about cryptocurrencies, specifically Bitcoin and Dogecoin, influence their prices to rise or fall. Musk's tweets, which have over 55 million followers on Twitter, have a significant impact on the crypto market.
In April, he tweeted saying Tesla would offload 10 percent of its stake in Bitcoin, setting panic amongst its investors. He was quick to say his bitcoin investment remains the same and he wanted to check its liquidity.
https://www.cnbctv18.com/cryptocurrency/elon-musks-influences-on-crypto-market-what-the-future-holds-9477381.htm

[Cryptmuster]

Elon Musk is a world class business man and for him to have that means he is smart and sensible, so the question of him coming back to his senses is pointless.  It has always been about power and control, with the acquisition of twitter it is very likely he will exercise that power, using the platform to promote dogecoin and probably talk down on btc like he always does.
I really won't expect anything less, I was really hoping Jack will not agree to his offer but I guess it is all about business at the end of the day.

It was very difficult to refuse such an offer and Elon knows how to be convincing if he needs it. ) Of course, he will promote his interests with the help of twitter, but I have a question here: will this not be manipulation, will this attract the attention of regulators? Perhaps not, because if he was not held accountable after the manipulations with bitcoin and Tesla, then it will be even more difficult to do this here...

[Wind_FURY]

Elon "did" managed to influence bitcoin, mainly doge but I am sure some of that helped bitcoin price to go up as well, specially that 1.5 billion dollars purchase news. Twitter purchase could impact it as well if he somehow integrates it into twitter as well but aside from that I do not see any connection. Twitter is already filled with crypto influencers, unless something changes about that subject, leaving it as it is shouldn't really be a big problem. Even the news of him trying to buy it increased doge which makes no sense, there will no sustainable increase but hypes like these, but it will always be temporary if he doesn't connect the two together.

The community should return to reality. Elon Musk made a margin loan of $12.5 billion to buy Twitter. He used $62.5 billion of stocks of Tesla as collateral for this. It is speculated that if Tesla dumps by 43%, Elon will have a margin call. This -43% dump is when the price of Tesla stock is $571.

The American economy, similar to other countries' economies, might enter a recession. $571 per Tesla stock is very much a possbility if we enter a recession. What do companies do if they take risk and needs more liquidity? They sell assets. What is one of the easiest assets to sell that Tesla owns in their treasury?



Assuming a starting value of $1,000 per share, the margin call comes at a share price of $571, at which point Musk would have to find $2.6 billion to lower the outstanding amount of the loan and bring the loan to value ratio down to the reset level. This could force the sale of some of Musk’s Tesla shares, putting downward pressure on the share price and lowering the collateral value further.

Source https://seekingalpha.com/article/4503494-tesla-stock-as-collateral-to-buy-twitter-avoid-buy-the-dip



Also, there were articles that Michael Saylor has also made loans against Microstrategy's bitcoin as the collateral.

I somehow didn't notice the article, I'm a Seeking Alpha reader too.

It will be an important lesson learned the hard way if Chad Saylor does indeed lose everything because of his unnecessary risk-taking. It's greedy investing, and although it might crash the price, I'm still very confident of Bitcoin's recovery. Saylor simply took an act that might give the plebs of another golden opportunity.

[MinMan]

More precisely he is like an influencer, he can have a big effect on the movement of bitcoin, with the achievement of acquiring Twitter and with his tweet weapon, he easily makes bitcoin price change in a short time. I think it will be terrible for the future of cryptocurrencies.

He is considered as an influencer because he is famous and have lots of followers but it's not bitcoin, it was doge or shib are the ones that he will promote. Elon already ended its connection with btc because btc is not friendly to the environment therefore there is nothing to worry about.

Whatever happens to those meme coins won't have any effect to bitcoins but manipulations is not all about dumping the price or making it more volatile but pumping can happen as well. Those meme coin hodlers are going to be happy if that happens because finally they can now recover what they lose or possibly earn more but we btc users shouldn't be jealous with that as that is only temporary.

[fullhdpixel]

No, sorry I can't agree with that. It wasn't Elon that inspired people to use bitcoin but there are many influencers that encourages the use of bitcoin before he came in the scene. Elon isn't a true bitcoin supporter but he only use bitcoin to gain followers or attention because later on he drop the support for bitcoin and then replaces it with meme coins. There where rumours that Elon will change twitter for good, saying that he don't like the current twitter because it restricts some post or countries. That's a good advocacy there, only if that is true.

The reason I am doubting is because Elon has some shady background before. If he adopts dogecoin on twitter, I don't think that will affect bitcoin. What I know is that bitcoin only affects altcoins and not the other way around.

Elon really didn't do much about bitcoin to be fair. People are forgetting that we were in a pandemic period where everything went up with fake money, governments all around the world kept on printing free money for everyone and most of those people who didn't need it ended up buying investments with it, some did gold ,some did stocks and plenty did crypto and that is why it went up.

Doge could be his baby and that is why maybe he got up but at the end of the day it was a fake one and dropped harshly after he stopped tweeting about it. Bitcoin didn't get any help from him whatsoever, maybe just the purchase they did but that's it.

[EdenHazard]

More precisely he is like an influencer, he can have a big effect on the movement of bitcoin, with the achievement of acquiring Twitter and with his tweet weapon, he easily makes bitcoin price change in a short time. I think it will be terrible for the future of cryptocurrencies.

He is considered as an influencer because he is famous and have lots of followers but it's not bitcoin, it was doge or shib are the ones that he will promote. Elon already ended its connection with btc because btc is not friendly to the environment therefore there is nothing to worry about.

Whatever happens to those meme coins won't have any effect to bitcoins but manipulations is not all about dumping the price or making it more volatile but pumping can happen as well. Those meme coin hodlers are going to be happy if that happens because finally they can now recover what they lose or possibly earn more but we btc users shouldn't be jealous with that as that is only temporary.

Just can't imagine if elon musk make either doge, shiba inu or bitcoin featured at the twitter platform officially such as creating a tipping feature with these cryptocurrency, the giant green candlestick might formed overnight! everyone thinking the same about this i have no doubt about it , but what if elon musk doing the opposite unexpectedly? he has a huge influence indeed

i mean like do the against cryptocurrency move suddenly? he is pretty famous doing this thing though, just hopefully won't happened.

[fullhdpixel]

It was very difficult to refuse such an offer and Elon knows how to be convincing if he needs it. ) Of course, he will promote his interests with the help of twitter, but I have a question here: will this not be manipulation, will this attract the attention of regulators? Perhaps not, because if he was not held accountable after the manipulations with bitcoin and Tesla, then it will be even more difficult to do this here...

It wasn't really hard to refuse, it was mostly forced. I do not think that he is buying twitter to promote doge, that makes no sense and he can't possibly make that much money back based on that. I am 100% sure that crypto will be a big part of his acquiring of twitter, there will be some crypto related stuff but that's not the only reason.

I am sure that majority of the reason why he is buying twitter is combined facts of the business being a profitable one and also him wanting to change some stuff. We have to remember that media is changing style, there are more people watching youtube and reading twitter to learn about news these days, specially us younger generation who are under 40-50 years old.

[Vatimins]

     As what I can see, Elon's influence over the market is getting smaller and smaller as time goes by. Maybe because people are starting to wake up and don't want to be a a part of the common sheeple that follows any trend that this guy's every tweet starts. Right now, I think that some just follow the hype caused by Elon to take advantage of the sheeple.

     And about doge, I really never heard nor see anything about Elon wanting to use it as aul utility token for Twitter as of the moment. It is the hopium of the sheeple that has created this rumor and made it spread like wild fire making more unsuspecting newbies to buy and again suffer losses as butcoin drags most of the altcoins down as well at the moment. i just wish more people would try to be smarter with their decisions.

[uelque]

We all know that elon musk is not just a billionaire but is also the biggest influencer in social media especially in twitter. His words are being followed by millions of people so I'm sure every tweets he makes will surely have an impact especially now that he already bought twitter. And we all know that he is putting a hype in dogecoin so therefore he will make a move to hype doge more. And it will surely have an effect in bitcoin as well. The problem is that we don't know whether the effect most of the time will be positive or negative. It will depend on how elon musk plays around in the market. But one thing is for sure, bitcoin will still continue being adopted with or without elon musk. It cannot be stopped!

[Ebede]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

I think the impact Elon had on the overall situation of crypto was a bit overblown, a were all other factors downplayed. In the end, it will only be a mix of factors as it always was, Elon is just one of the factors that contribute to the overal crypto fluctuation.

Elon create it impact of making cryptocurrency to be booming but if check for the other side of it you will see that Elon musk support cryptocurrency but did not support bitcoin why is busy promoting othy coins and the one of his heart Dogecoin the influence of Elon can make bitcoin to grow when you are not expecting

[romero121]

We all know that elon musk is not just a billionaire but is also the biggest influencer in social media especially in twitter. His words are being followed by millions of people so I'm sure every tweets he makes will surely have an impact especially now that he already bought twitter. And we all know that he is putting a hype in dogecoin so therefore he will make a move to hype doge more. And it will surely have an effect in bitcoin as well. The problem is that we don't know whether the effect most of the time will be positive or negative. It will depend on how elon musk plays around in the market. But one thing is for sure, bitcoin will still continue being adopted with or without elon musk. It cannot be stopped!

He's a big influencer, same time he's a businessman. In each and everything he'll look for money making. This is experienced during the previous price pumping of dogecoin. After that there is no big impact felt upon the market whenever there is some tweet from Elon Musk. This is all because of people's better understanding about the market. Dogecoin will have more real-time usage with the buying of Twitter, and the same will make the dogecoin progress without any form of manipulation and hype.

[LUCKMCFLY]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

There's no one else here really knows the future plans of Elon, so we should bear on it. But IMHO, bitcoin will always be firm and strong not to be affected with it, but somehow bitcoin will always be triggered by Elon. Because we already know the personality of Elon, and he will always pursue whatever his plans. But one thing is certain, we have learned our lesson before, so we should be wiser now not to be deceived by him.

Honestly, I do not have the slightest confidence in Elon Musk, he is a being that I think is very opportunistic, despite all his money and all the things he can buy, I think he is a being to be careful with, he gives great pumps to Doge, if at one point he wants to FUD BTC, he just does it, he has no regrets, just making a fuss about clean energy for BTC mining is something that confuses anyone.

Taking into account what you can do with all your money, you can at one moment speak well of BTC as you have already done and another time speak badly and everything is fine, I think the BTC community will not take your thoughts very seriously, so what you have done before.

[asus09]

Elon "did" managed to influence bitcoin, mainly doge but I am sure some of that helped bitcoin price to go up as well, specially that 1.5 billion dollars purchase news. Twitter purchase could impact it as well if he somehow integrates it into twitter as well but aside from that I do not see any connection. Twitter is already filled with crypto influencers, unless something changes about that subject, leaving it as it is shouldn't really be a big problem. Even the news of him trying to buy it increased doge which makes no sense, there will no sustainable increase but hypes like these, but it will always be temporary if he doesn't connect the two together.

Elon musk is a very influential person and wealth can affect anything, of course whatever he posts will have a huge impact, just like last year he posted about bitcoin, the price of bitcoin is slowly dropping by itself, he has also amassed a very large fan base In the crypto market using Twitter, it is also reported that Elon Musk has bought Twitter at a very fantastic price.

[askkarri3383]

No one can tell on what would happen next but generally this market cant really be that too reacting when it comes to sentiments like this.Also, we do have experience on how Elon does have that
kind of manipulative kind of behavior which means that this market is fully aware with these kind of behaviors.Whether he would make out some shill and other things connected to it
but it wont really be that enough or assurance that we would really be seeing things according on what had been hyped or fud out.As a trader or investor then you should
be aware on when to act or wont act.

[TheNineClub]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

It might have directly affected the movement of crypto (anything outside of Doge that is), but what's not discussed is how much will it affect. And I think it really doesn't affect t it that much in the long run. It's just one part of numerous things that affect the overall picture of crypto, and while it might nudge it slightly up or down for a real short time, what really moves the needle are economic situations in the world, wars, BTC adoption, socio movements so on and so forth.

[Mauser]

Buying Twitter was a huge move for Elon Musk to boost his social media reach. Already before he had millions of followers who would blindly buy anything he recommends. Elon is a very gifted sales person that convinced the world to buy into electric cars and space rockets. Together with his background in online pay services he has with PayPal, it comes natural for him to be an advocate for crypto currencies. Step 1 will probably be to increase his followers on twitter, and step 2 will be to promote crypto coins he is invested in and he likes. Personally I am a bit uncomfortable that one individual has so much power over crypto coins. One good or bad tweet will send crypto prices flying.

[SpenserReed]

With owning this huge platform of Twitter he can either break it or make it. I think.

Sure! Elon likes to manipulate the market, and now he is more powerful than ever 

[ven7net]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Of course, Elon Musk has influence on the crypto market and he has already shown this more than once. As for future events, at the moment we can only assume what can happen at one time or another, however, for Elon Musk, with the purchase of Twitter, a window of opportunity opens up, including he can significantly affect the price of BTC at the expense of Twitter users. Now it looks like a super opportunity, but whether he wants to do it or not, we do not know. We can only observe the development of events and wait.

[romero121]

Buying Twitter was a huge move for Elon Musk to boost his social media reach. Already before he had millions of followers who would blindly buy anything he recommends. Elon is a very gifted sales person that convinced the world to buy into electric cars and space rockets. Together with his background in online pay services he has with PayPal, it comes natural for him to be an advocate for crypto currencies. Step 1 will probably be to increase his followers on twitter, and step 2 will be to promote crypto coins he is invested in and he likes. Personally I am a bit uncomfortable that one individual has so much power over crypto coins. One good or bad tweet will send crypto prices flying.

His plan of buying Twitter was part of his business plan. He has got influence over every market. He realised the need of social media and what it can do to the people. Understanding it, he have bought Twitter. But, with cryptocurrency his influence have declined. He gave an entry took away the profit through dogecoin and shattered the market. Again people aren't ready to follow him. After getting into the deal on Twitter he have been getting more suggestions on investment. The latest being the suggestion by Adar Poonawala who is a CEO of pharmaceutical Company to invest on a large production plant for Tesla in India.

[Mr.sprin]

I dare say that elon musk has an effect on bitcoin because elon musk has a lot of money if elon musk is a tramp then elon also has no effect on bitcoin, maybe in the future a facebook boss will come down to the crypto world he will also have an effect on bitcoin, just waiting for people to be affected and a lot of money will come to the crypto world.

[Issa56]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

We all know about Elon must being very manipulative, Elon must is not really having any positive interest in Cryptocurrency, I believe Elon must will want to pump doge coin but am not really sure about bitcoin, Elon must is just in crypto space just to manipulate the market that's all what I think. And I think Elon musk is not really having much influence in Cryptocurrency space anymore but now that he is now the owner of Twitter things might change so let's just see what will happen.

[dezoel]

If he keeps this "rich and famous guy leading crypto" act for a long time, I am guessing that there will be many people who will invest based on whatever he says. Is this good or bad? I fear it's bad but many disagree with me, many say that it is a good thing and I feel like maybe they are right and I am wrong, I wouldn't really know if I was wrong, this is just my belief.

But, if you ask me depending on one rich person to help us get rich as well shouldn't be the reason why people are investing into bitcoin and in crypto. You should be realizing that the reality is that we are fighting against these rich people who are abusing the law to get rich this much.

[AicecreaME]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Elon indeed can manipulate the market with his tactics. He has wide influence given his following. Perhaps this is the reason why he wanted so bad to own twitter. Which is to influence many more so that the coin he will promote will boom once more. However, I doubt if people would easily trust him to think what happened on his previous crypto coin.

Although we know for a fact that twitter isn't really all about crypto. Not every users of it is really interested or actually participating in establishing their investment portfolios, so it would still be challenging for him to make his agenda happen. Hopefully, he won't restrict the users from what they are used to in twitter.

[Anguwa]

You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.

With owning this huge platform of Twitter he can either break it or make it. I think.

Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.

Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.

Its really a very good advice to adopt doge coin because it might really surprise people when crypto market bounce back fully, Elon influence will give doge coin a great support and it will be an advantage to doge holders when it really go up, but I don't think it will affect bitcoin price that much and Doge can never ne like Bitcoin.

[m2017]

If he keeps this "rich and famous guy leading crypto" act for a long time, I am guessing that there will be many people who will invest based on whatever he says. Is this good or bad? I fear it's bad but many disagree with me, many say that it is a good thing and I feel like maybe they are right and I am wrong, I wouldn't really know if I was wrong, this is just my belief.

But, if you ask me depending on one rich person to help us get rich as well shouldn't be the reason why people are investing into bitcoin and in crypto. You should be realizing that the reality is that we are fighting against these rich people who are abusing the law to get rich this much.

I think that there is nothing good in the fact that one person, be it Musk or RandomName, it is not so important, has an influence on the entire crypto industry. This is not normal when viewed from the perspective of decentralization, which should be the crypto currencies.

Also, I think we will soon find out whether it is good or bad when people run in droves to buy crypto that Musk says at the snap of his fingers. In principle, we have seen something similar before and the result was unique. Those who are lucky get rich, while the rest are left with losses. I don't think that Musk is worried about other people's wallets. Here he is guided either by his personal selfish interests, or by the desire to have fun by manipulating the crypto market.

[Abiky]

He is considered as an influencer because he is famous and have lots of followers but it's not bitcoin, it was doge or shib are the ones that he will promote. Elon already ended its connection with btc because btc is not friendly to the environment therefore there is nothing to worry about.

Whatever happens to those meme coins won't have any effect to bitcoins but manipulations is not all about dumping the price or making it more volatile but pumping can happen as well. Those meme coin hodlers are going to be happy if that happens because finally they can now recover what they lose or possibly earn more but we btc users shouldn't be jealous with that as that is only temporary.

The only reason why people follow Elon Musk is because he is a wealthy person. Anything he says or does with crypto can either positively or negatively affect market prices. Remember when he criticized Bitcoin's high energy consumption? The moment he did, prices went downhill for a short period of time. Right now, he's focused on meme coins like SHIBA and DOGE simply because they're the "new kid on the block" (especially Shiba Inu). Investors pump money into these coins believing they'll get rich quick. But that's not the way it works.

Elon Musk knows the tactic of persuasion, so he uses that to his advantage in order to get what he wants. I wouldn't care about Elon Musk since Bitcoin is all about decentralization. As long as there's a strong community backing it every step of the way, nothing else matters. Just my opinion

[Duzter]

Being popular and being a billionaire into cryptocurrency most people started to follow his activities. This is how he became an influencer. With the dogecoin hype he helped good number of long term dogecoin holders turn into millionaires. Same time he made big fortune. People expect similar thing everytime, but that won't happen anymore. Because, people are well aware of his activities of multiplying his investment with ease and never think of the common small investors.