Will Bitcoin's Price be affected by this?

[Jawhead999]

Is there any relation between Elon Musk and Bitcoin? Nope.
Is there any relation between Twitter and Bitcoin? Nope.
Is there any relation between rich person spend a lot money and Bitcoin? Nope.

I don't know why you can think Elon Musk bought Twitter will affect Bitcoin price lol, it doesn't make any sense here. If Elon Musk create own marketplace on Twitter and only accept Bitcoin as the payment option, there's a slight affect IMO.

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[Minecache]

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.

I don't know if this is considered his win because he refused to buy twitter first, and after being sued, with only a week left until his court date, he decided to buy twitter at the original proposed price. It can be seen that he is weak if he has to go to court to confront him and the takeover still happens if he loses the case or still has to pay $1 billion in compensation if he loses the case.
We didn't find any connection between Elon and bitcoin or twitter and bitcoin, they are all unrelated so I don't think there will be any effect even the slightest.

[Wawa2013]

Is there any relation between Elon Musk and Bitcoin? Nope.
Is there any relation between Twitter and Bitcoin? Nope.
Is there any relation between rich person spend a lot money and Bitcoin? Nope.

I don't know why you can think Elon Musk bought Twitter will affect Bitcoin price lol, it doesn't make any sense here. If Elon Musk create own marketplace on Twitter and only accept Bitcoin as the payment option, there's a slight affect IMO.

Elon Musk has manipulated meme coins to create hype, but that doesn't mean Elon Musk can manipulate Bitcoin prices. I think many people
overestimate Elon Musk, which is the fact that even though Elon Musk is rich, Elon Musk is still a human with limitations. So don't always associate
Elon Musk with crypto, because Elon Musk's main focus is not just crypto, there are lots of other things Elon Musk has to do. Including Elon Musk's
move to buy Twitter, this is not necessarily related to crypto. So don't spend our time and mind just thinking about Elon Musk, because our success
doesn't depend on Elon Musk. I prefer investing in crypto based on the research and analysis that we do, not what Elon Musk or other people say.

[jostorres]

there is no link between bitcoin and twitter but with this news published yesterday it helped dogecoin price increase by 10%. it is likely that this deal will affect bitcoin and the crypto market, i've been reading recently, don't know if this is true or just a rumor, but if it is, i think it will affect bitcoin

Sam, the owner of the FTX exchange, is considering acquiring twitter with Elon and hopes the two can discuss the deal

What if the increase is only just a co incident? Because the connection between elon and doge are I think have been disconnected long time ago and I rarely see elon mentioned the coin on one of his tweets though we don't know maybe some people still assumes that doge will be used someday in twitter but the price change should be only limited to this coin, not in bitcoin and to the entire crypto market.

Only crypto that it might benefit is maybe doge but that’s a stretch. Elon had the crazy idea in the past to charge people 1 doge per post on Twitter. It was ridiculous and won’t happen.

Lol really? But, I think this is its way to recover what he spend in acquiring the platform but if this is possible then this greatly improves the price of dogecoin while at the same time, many twitter users are going to leave twitter because they won't agree with this idea. They think it's ridiculous.

[yhiaali3]

The Twitter deal made too much noise, so I expect that its effect is over beforehand. I do not expect that there will be an impact on the price of Bitcoin because this has nothing to do with Bitcoin in the first place. Mr. Musk previously affected Bitcoin when he announced Tesla’s acceptance of payment by Bitcoin and then returned and negatively affected When I announce that Bitcoin pollutes the environment, but on the Twitter deal I don't expect there to be an impact on Bitcoin.

[posi]

If there is any effect then I think after closing this deal and Elon consider accepting bitcoin or doge as payment for twitter ads. But now with this news it won't have any impact, bitcoin market has never had any connection with Elon and twitter. But I like Elon to take over twitter but am current shareholder. Hopefully, when he owns twitter he will improve this social network like the freedom of speech he always refers to when talking about it and gets rid of bots that annoy the users.

[Wapfika]

If there is any effect then I think after closing this deal and Elon consider accepting bitcoin or doge as payment for twitter ads. But now with this news it won't have any impact, bitcoin market has never had any connection with Elon and twitter. But I like Elon to take over twitter but am current shareholder. Hopefully, when he owns twitter he will improve this social network like the freedom of speech he always refers to when talking about it and gets rid of bots that annoy the users.

If its Elon then it will have some effect but if its Musk, I guess there will be not much effect in crypto market. Musk is not that focus in crypto and if he is we would see it in his Meta projects but none of it gets popularity even they announce to have some coins on it. It will not be a huge impact in the market even if he creates a Twitter coin it will be just like how he takes over Instagram and just expand social platforms.

[kotajikikox]

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.

390 billion dollars dominance ? this is just a little amount mate comparing to what we have in the past like 2021 that there are so much capitalization yet this becomes lowering this year.


though it is not about news that makes it happen but this Musk's action will still bring some effect to our market here.
maybe not instantly but eventually it will.

[Sebas.tian]

Elon musk did buy Twitter but I don't think it will have anything to do with Bitcoin for now,
we know that Elon musk is indeed a person who influences cryptocurrencies,
and if Twitter is going to accept cryptocurrencies then it might as well have an effect later, so just wait news comes again.

I think, Elon musk is an investor like you in the community, I don't think, he has the power to control the price of Bitcoin because Bitcoin is a decentralized currency that is not control by any investors in the community. If Elon musk win the case in court, I think, he will use the compensation money to buy Bitcoin in this bearish season and hold until the price of Bitcoin increase to $100,000 before he can supply to market to make a huge amount of money.  Elon musk is a potential crypto investor that is good in long term holding, even though the price increase higher he will not sell because he is waiting for the price of Bitcoin to hit $100,000 before he can supply to market to make a good incomes.

[el kaka22]

I still do not understand why he would ever want to buy Twitter, it must have been like a joke thing for him that turned into a real thing because of the probable lawsuit, but it really doesn't make sense.

Why would he really want to buy twitter, what would be the relevance to it at all? He usually has stuff like solar panel company, space ship company, electric car company, all things that would further improve the world and that makes sense to a point, but that doesn't change the fact that twitter is none of those things and he is a weird person so maybe he just joked about buying, or wondered if he could, and that looks like the only reason to be fair.

[Finestream]

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.

Bitcoin may have been quite affected way back then when Elon tweeted about it, but this time after all what Elon did to the crypto market most particularly to the first time investors that time, that until today they are still experiencing their bitter losses, I guess Elon is not that powerful at all to still influence the crypto market particularly with bitcoin. It’s like China that is not important at all to bitcoin, same thing for Elon Musk too. He maybe very influential person but definitely, we know already his bad intentions into crypto.

[Sanitough]

The news is between the two private companies though Elon is kinda expose to cryptocurrency recently but I think the deal has nothing to do with Bitcoin. We can only concern about the future plan of Twitter with regards to crypto adoption and for now, we should wait for that and wait for this deal to fully close. Elon is crypto enthusiast, I’m sure he already have plans how to adopt cryptocurrency in twitter platform, let’s just wait for that.

I have this negative feeling that if Elon will succeed about Twitter, probably he will come to hype again crypto just for his own profits desire. The reason why many of crypto enthusiasts stay away from the influence of Elon since Elon is known already for his own greed. And I think whether he succeeded twitter or not, bitcoin has nothing to do about it and will never be affected again just by a single tweet that created its hype.

[South Park]

The news is between the two private companies though Elon is kinda expose to cryptocurrency recently but I think the deal has nothing to do with Bitcoin. We can only concern about the future plan of Twitter with regards to crypto adoption and for now, we should wait for that and wait for this deal to fully close. Elon is crypto enthusiast, I’m sure he already have plans how to adopt cryptocurrency in twitter platform, let’s just wait for that.

I have this negative feeling that if Elon will succeed about Twitter, probably he will come to hype again crypto just for his own profits desire. The reason why many of crypto enthusiasts stay away from the influence of Elon since Elon is known already for his own greed. And I think whether he succeeded twitter or not, bitcoin has nothing to do about it and will never be affected again just by a single tweet that created its hype.

People have learned their lesson, when Elon Musk first showed his support the community was really happy about it, however when he supposedly changed his mind so quickly the community immediately understood that he was just trying to manipulate the market and earn some money in the process, and he was successful, but since then except for the part of the community that is excited about meme coins we do not really care about whatever he has to say about this market.

[savetheFORUM]

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.

Other social media yes but for Twitter? I think it has some contribution in the crypto space and even Twitter now allows the use of crypto wallets in your profile. This is why many people are thinking that any news related to Twitter and Elon will have an impact in the price of cryptos but I don't think Elon musk have an investment in altcoin not even in btc or any other cryptos.

I think he already quit cryptos long time ago but he is only interested on Twitter because he will use it on his business. I think Twitter is much bigger than in cryptos and it's more formal to have for a business personality like Elon musk than he will promote some kind of a meme coin.

[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.

Other social media yes but for Twitter? I think it has some contribution in the crypto space and even Twitter now allows the use of crypto wallets in your profile. This is why many people are thinking that any news related to Twitter and Elon will have an impact in the price of cryptos but I don't think Elon musk have an investment in altcoin not even in btc or any other cryptos.

Twitter was never built for cryptocurrency.  Twitter like other social media is a media which is more popular especially for all popular and famous persons Twitter is a widely used social media. But now Twitter is used more for announcements and marketing of crypto projects, but maybe some good news on Twitter can have some effect on cryptocurrency but it won't have a huge effect.

[Reatim]

There might be some small effect as we knew how twitter being used for advertising yet we also knew that twitter is  a place of many scammers and FUD deliveries about crypto so I believe there are no big effect at all .

also consider that unless Musk delivers another words towards crypto specially His shitcoins? then there will be much in effect .

Elon Musk certainly has a big influence on the market, it is proven that Doge can skyrocket and has been ranked for more than a year, and Elon Musk has loyal followers who will always follow whatever he says, and our hope is that he can be active again to motivate users Cryptocurrencies

lets see if Doge can skyrocket Again once Elon make an statement again.

[bitterguy28]

Elon Musk certainly has a big influence on the market, it is proven that Doge can skyrocket and has been ranked for more than a year, and Elon Musk has loyal followers who will always follow whatever he says, and our hope is that he can be active again to motivate users Cryptocurrencies

he did that in Dogecoin and in Shiba Inu , but I doubt that there will another big effect once he tries to pump a coin(at least wanted nothing to happen lol)

but I understand the sentiment as Elon Musk has proven several or many times about how he can influence the market to favor His plans and money bagging .

[Aliem Nur]

So far, Elon Musk's tweets about bitcoin and good news about bitcoin have had no impact on bitcoin.
In fact, the pump is just a pump instead of changing the trend from bear to bull, because naturally this is a bear market where good news = nothing,
especially about Elon Musk buying twitter? haha of course it won't have an impact.

[tygeade]

Elon musk did buy Twitter but I don't think it will have anything to do with Bitcoin for now,
we know that Elon musk is indeed a person who influences cryptocurrencies,
and if Twitter is going to accept cryptocurrencies then it might as well have an effect later, so just wait news comes again.

I think, Elon musk is an investor like you in the community, I don't think, he has the power to control the price of Bitcoin because Bitcoin is a decentralized currency that is not control by any investors in the community. If Elon musk win the case in court, I think, he will use the compensation money to buy Bitcoin in this bearish season and hold until the price of Bitcoin increase to $100,000 before he can supply to market to make a huge amount of money.  Elon musk is a potential crypto investor that is good in long term holding, even though the price increase higher he will not sell because he is waiting for the price of Bitcoin to hit $100,000 before he can supply to market to make a good incomes.

I do agree that it's about the hype and not about the news, if there is a hype to a news then that news could cause the prices to go up, if there is no hype to a news then it could be the greatest news and it would be nothing. This is why I believe that we shouldn't really be worried about anything right now, no news would be that much of a big deal, it's going to be a very boring thing in the end.

I personally would love it if bitcoin was impacted by this and went up, who wouldn't want that (aside from short futures buyers)? But just because I want it, doesn't mean it will happen, Elon could tweet about bitcoin everyday for the rest of his life, and as long as people are not hyped about it, it won't change a thing.

[CageMabok]

So far, Elon Musk's tweets about bitcoin and good news about bitcoin have had no impact on bitcoin.
In fact, the pump is just a pump instead of changing the trend from bear to bull, because naturally this is a bear market where good news = nothing,
especially about Elon Musk buying twitter? haha of course it won't have an impact.

I think it's a very natural thing to happen when Elon Musk's tweet about bitcoin doesn't have as big an impact on bitcoin as it did with Dogecoin and Shibainu. Because you also need to know that Elon Musk is an ordinary human being who has broad business skills and he is not a pump-making machine on any asset including Bitcoin.

So the pump on the price of Bitcoin I don't think has anything to do with someone's tweets including Elon Musk's tweets, because Elon Musk can say anything through his tweets, but it doesn't have to happen as he says, because he is also not a god who can change everything in this world