Will Bitcoin's Price be affected by this?

[GreatArkansas]

Most people are already relying on Elon Musk now especially when Elon Musk started some tweets about cryptocurrency or Bitcoin before and the price or market is always reacting after Elon Musk's tweets or any statements given by him. It's just sad, with only one billionaire shitposting on social media can control such prices. There's no problem with him, for me, it's on the audience or the people.

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[Fundamentals Of]

Not much I guess, if there is any. Twitter isn't even a Bitcoin platform. And it is not moving from a pro-Bitcoin owner to an anti-Bitcoin owner. Both Jack Dorsey and Elon Musk own Bitcoin, although it is obvious that Dorsey is more dedicated to the improvement and adoption of the technology more than Elon. Elon just doesn't really care about Bitcoin. But I guess this is not a big deal. Elon has already lost his influence over Bitcoin.

[Chato1977]

I don't think there will be any impact aside from Musk is once again involving in this Buying , but overall? there are no big to connect and I find it strange that everything that Musk do always bring to connect to bitcoin or crypto community.

Elon Musk is Businessman so he will purchase every businesses that he thinks will bring Him more profit but not to the extent that it will always about crypto .

[ethereumhunter]

Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?

I guess it wouldn't relate unless Elon said, "i will pump for bitcoin like i did for dogecoin" lol.

Elon is the type of person who only thinks about himself and how he can benefit. He is also smart to find moments that he can use to benefit from those moments and get other advantages.

We don't know what Elon's plans are but what is clear, if it's bitcoin-related, we might see a bitcoin price shock. But I don't know

I don't think this news will have any effect on the value of bitcoin either. But if Musk starts manipulating and writing about cryptocurrencies and bitcoin again, it could turn the market around. But I think Ilon has a lot of problems with other projects and their stock price, the crisis and other negativity now, since he even started writing about Ukraine. But it would be nice to see his tweets about BTC again.

Yes, he could do it again to get the sympathy of the people who still faithfully follow him. But regardless of the news, hopefully, the price of bitcoin can go up shortly and give us more profits. And the good news is that the bitcoin price has now returned to the $20k price level and we hope it will stay there while waiting for a good moment to start the next increase. Right now, it might be better to wait for confirmation from the market so that we can know what to do.

[Davidvictorson]

I don't think this news will have any effect on the value of bitcoin either. But if Musk starts manipulating and writing about cryptocurrencies and bitcoin again, it could turn the market around. But I think Ilon has a lot of problems with other projects and their stock price, the crisis and other negativity now, since he even started writing about Ukraine. But it would be nice to see his tweets about BTC again.

This is exactly my point. We are aware of Mr. Musk's propensity for talking a lot and the impact this has on the market. Remember his tesla and bitcoin tweets, his Doge Coin tweets, his tweets about bitcoin and climate change. I am speculating that if he finally purchases Twitter, he could just decide to publish anything favorable or unfavorable about bitcoin when he wakes up one morning (especially now that bitcoin halving is just around the corner).

[Oasisman]

Now, my question is what impact do you think Mr. Musk's purchase of Twitter will have on Bitcoin's price if he succeeds?

Nothing, plain and simple.
I don't see the relevance with this news connected to Bitcoin price. Besides, he's no longer relevant in crypto space. People knew how he tries to manipulate everything in crypto, but nah he did not,even once with Bitcoin.
That's why he turned his attention to the meme coin, which somehow he made an impact for enticing people to pour their money over it.
But then again, with Bitcoin? Nah. Not even once.

[pooya87]

I don't think this news will have any effect on the value of bitcoin either. But if Musk starts manipulating and writing about cryptocurrencies and bitcoin again, it could turn the market around. But I think Ilon has a lot of problems with other projects and their stock price, the crisis and other negativity now, since he even started writing about Ukraine. But it would be nice to see his tweets about BTC again.

This is exactly my point. We are aware of Mr. Musk's propensity for talking a lot and the impact this has on the market. Remember his tesla and bitcoin tweets, his Doge Coin tweets, his tweets about bitcoin and climate change. I am speculating that if he finally purchases Twitter, he could just decide to publish anything favorable or unfavorable about bitcoin when he wakes up one morning (especially now that bitcoin halving is just around the corner).

You should remember the whole story not only parts of it.

Bitcoin price was already rising and Musk's tweet just became viral adding to the existing hype but the media tried to convince everyone that the rise was because of his tweets.
After that when the drop began, he started spreading FUD about bitcoin contributing to the drop and again the media tried to convince people that the drop was because of his tweets!
Finally he tried to spread more FUD about bitcoin and its energy consumption but because price had reached a bottom, all of his efforts failed. This is something the media never told you specially when he was still insisting on his FUD and price kept going back up setting the ATH at $70k.

[Kelvinid]

I think any news will not affect Bitcoin, especially since the Bitcoin marketcap is currently more than $ 390 billion, some time before it was reported that Elon Musk sold all bitcoin, but what happened was the market could rise, and I was sure that the giant silent was stronger than Elon Musk too much talking.

Are you sure? Well, I hope you are right but can't just deny how Elon Musk uses his social media account to manipulate the market through Dogecoin. It was the fact that might this twitter will use to spread his propaganda as well that could create a huge market impact. We can't just simply ignore that and we never know what is his real plan after this.

But as we instead make assumptions, it was better to prepare ourselves for any possible results.

[Vaskiy]

I think any news will not affect Bitcoin, especially since the Bitcoin marketcap is currently more than $ 390 billion, some time before it was reported that Elon Musk sold all bitcoin, but what happened was the market could rise, and I was sure that the giant silent was stronger than Elon Musk too much talking.

Are you sure? Well, I hope you are right but can't just deny how Elon Musk uses his social media account to manipulate the market through Dogecoin. It was the fact that might this twitter will use to spread his propaganda as well that could create a huge market impact. We can't just simply ignore that and we never know what is his real plan after this.

But as we instead make assumptions, it was better to prepare ourselves for any possible results.

He might've got plans of market manipulation, but this won't give hands for Musk. People are well aware compared to the old days where it is an easy task to manipulate the market and enjoy good profit. This time it looks like the dilemma have come to an end.

[coinerer]

I do not find any correlation with this in the price movement of Bitcoin. Because Bitcoin and social media are completely different. Many may point to some sort of influence involving Elon Musk, but how logical that is is debatable. However, some altcoins that have Elon Musk investments may have a minor impact.

[yudi09]

Elon Musk is a smart businessman who is known by many people from various circles. This Tesla CEO managed to make Dogecoin an altcoin that had experienced the hype as a coin meme. When Elon Musk was reported to have bought Twitter some time ago, I thought something surprising was about to happen to him.

Twitter is indeed a large social media platform with worldwide access. The news you convey is clearly the source, but what is reported has nothing to do with Bitcoin in my opinion.

[Paul Pogba]

About a month ago I heard that Elon musk sells a lot of bitcoins, but there is no impact on the market, prices are as usual and this proves that Elon musk has no effect or can have an impact on the market, a community that is too strong makes bitcoin not easy to control.

[Viscore]

How does it relate in the first place for Bitcoin? I think it's out of the question between the deal of Musk to Twitter, it doesn't have to do with it. I think Dogecoin was more related to this discussion since it pump a little when Elon agrees again to buy Twitter (funny how people associate this kind of stuff). Unless he's back again with the sarcastic tweets involving Bitcoin.

Precisely, it’s not bitcoin that will pump nor dump but it’s definitely dogecoin which is Elon’s used to hype. Bitcoin was never affected with the last news about this Elon’s interest on twitter so I don’t think it’s price will be affected today. And besides, Elon was never became relevant to bitcoin, but definitely he’s more on meme coins that turned out into shitcoins at the end of the day.

[Mario Yamasaki]

I'm sure Elon Musk is not very influential with Bitcoin, a very large Bitcoin marketcap cannot be controlled or influenced by Elon Musk, and a few months ago it was proven when he sold all Bitcoin but the market did not drop it could actually rise.

[Reid]

There's a lot of discussions about Bitcoin or other cryptocurrencies being injected to Twitter so I think that's where you get the idea that it could affect the market of those.
I doubt that.
If he loses nothing changed. Now, if he wins then there might be a small effect if ever he successfully does what the rumors said. We are not there yet so let's not expect too much.

[GeorgeJohn]

It's nothing mate, i mean for sure it cannot make an impact unless after that elon musk convince his team to highlight the whole crypto currency especially bitcoin because surely the whole market gained more attention around the internet.. But perhaps we already knows what elon musk planning why he really wants to buy twitter and that is to promote his own projects and etc.

His conception of buying Twitter have not been reviewed to anybody, what you render as a personal opinion might be false or true, because i believe that Elon objective of buying some of the social media haven't be declared open, so this your suggestion is like assumptions of many people, but in a nutshell anyone who is venturing into anything have its objectives of that.

[sana54210]

How does it relate in the first place for Bitcoin? I think it's out of the question between the deal of Musk to Twitter, it doesn't have to do with it. I think Dogecoin was more related to this discussion since it pump a little when Elon agrees again to buy Twitter (funny how people associate this kind of stuff). Unless he's back again with the sarcastic tweets involving Bitcoin.

Precisely, it’s not bitcoin that will pump nor dump but it’s definitely dogecoin which is Elon’s used to hype. Bitcoin was never affected with the last news about this Elon’s interest on twitter so I don’t think it’s price will be affected today. And besides, Elon was never became relevant to bitcoin, but definitely he’s more on meme coins that turned out into shitcoins at the end of the day.

I agree that there is a good chance we are not going to end up with anything that would be making sense for dogecoin to keep on going. Let’s be realizing that dogecoin is a useless shitcoin, and if you are investing into it, at least be aware that you are investing into a shitcoin with a chance of hype by elon and that’s the only thing. Doesn't mean that it would be something that would be great and not a big deal but at the end of the day there are some people who would prefer something like that.

If you prefer that, and you are willing to take that risk then it would make sense, but of course this is a useless risk that I will never take at all.

[GeorgeJohn]

I think any news will not affect Bitcoin, especially since the Bitcoin marketcap is currently more than $ 390 billion, some time before it was reported that Elon Musk sold all bitcoin, but what happened was the market could rise, and I was sure that the giant silent was stronger than Elon Musk too much talking.

Actually you are indirectly correct from my perspective, because it's that some certain news can actually affect the increment of cryptocurrency, and especially bitcoin, and to an extent too theirs some information that come against bitcoin that those not succeeds in bringing the price of cryptocurrency down from my perception, it's contrary.

[romero121]

There's a lot of discussions about Bitcoin or other cryptocurrencies being injected to Twitter so I think that's where you get the idea that it could affect the market of those.
I doubt that.
If he loses nothing changed. Now, if he wins then there might be a small effect if ever he successfully does what the rumors said. We are not there yet so let's not expect too much.

Based on the new article Elon Musk have got time till October 28 to complete the deal and acquire Twitter. Beyond that once again court trail and further procedures continue. His win in acquisition will have small impact over the market, but it won't last long. During those days, he served as an Influencer and made big changes in the market. Now people are aware about his strategy to increase his wealth and never think of the common people.

[BobK71]

There's a lot of discussions about Bitcoin or other cryptocurrencies being injected to Twitter so I think that's where you get the idea that it could affect the market of those.
I doubt that.
If he loses nothing changed. Now, if he wins then there might be a small effect if ever he successfully does what the rumors said. We are not there yet so let's not expect too much.

Based on the new article Elon Musk have got time till October 28 to complete the deal and acquire Twitter. Beyond that once again court trail and further procedures continue. His win in acquisition will have small impact over the market, but it won't last long. During those days, he served as an Influencer and made big changes in the market. Now people are aware about his strategy to increase his wealth and never think of the common people.

In the past, many have lost their money by falling into various tempting traps of big investors. Today's investors are now conscious. They do not act based on any information. No matter how reputable a person he is. But I personally don't want to blame those famous people. Because this is trading business everyone comes here for profit. No one wants to knowingly lost his assets. However, if Elon Musk gets full responsibility of Twitter, it may have some positive impact on the crypto market.