Elon Musk is one of the keys to be 100k$ per Bitcoin?

[AmoreJaz]

Elon Musk could send bitcoin price to $100k if he decides to do it.

It would be simple as make a post on twitter saying he will spend $1B in bitcoin, that would be a crazy bump for the markets because those who buy before Elon will get a massive profit from their investments.

In the end, Elon Musk have the money and the social impact to do it.

let's admit that he has influence in this market in some ways. though he can't be considered as expert or long time supporter, he is giving something to talk about whenever he tweets or says something about crypto market. yes, tweeting like spending billion dollars in btc for sure will have a significant movement in the market. we can't disregard his influence when he decides to say something because of his status. after all, people has reason to check out on him because of what he has achieved in his life.

[Hypnosis00]

I thought Elon Musk did not buy or hold Bitcoin because of his words against it before. But anyways, it doesn't really matter as everyone has the chance to do it anonymously.

But I don't think we just rely on HIM, Bitcoin price will reach $100k momentarily with or without the influence of other like Elon Musk. In fact, we believe that in the next bull season we able to reach that high. Bitcoin continues to grow, that is what I see, and if Elon Musk is holding Bitcoin, then it was good to see but he is not the reason for the pump.

[Myleschetty]

When i first saw the topic of this thread I smile because it's funny how some people underestimated the potential and price movement of Bitcoin.
Bitcoin is not a meme coin or any form of pump and dump coin which people like Elon Musk can pump to $100K.
Yes, Bitcoin will reach $100K in the next halving but it's not because of Elon. I don't think the OP noticed that the influence power of Elon on Twitter has to reduce

[Sanitough]

This is an old tweet which doesn't hold much value now. Elon is a strong supporter of cryptocurrency, no doubt about it! But he can't be the sole reason for bitcoin to reach 100k USD. If he had the power of such manipulation, he would have done it by now.

With the power he has, he can definitely bring in a temporary pump into the market. But it's way beyond his power to make it 100k.

Even though we know Elon Musk has a lot of influence on cryptocurrency but I'm not sure he will do that and not the only reason it did reach the price of $100k just because Elon Musk has control of manipulation I think there will be other factors that make bitcoin higher not only Elon Musk only.
I'm not sure if he will carry a pump during a bear market or other crisis, of course he will think again on the right situation when he wants to do it, including Doge who was hype in his tweet.

Elon is motivated with greed so he will do everything to start a hype on bitcoin but I guess his own strategy will not work anymore on crypto. Yes, he might still create a short pump for bitcoin but for sure it won’t be sustainable and long lasting. Bitcoin will always move based on its volatility and it will only reach its new peak if there are high market demand and once the bear market will definitely come to an end.

[LittleBitFunny]

Do you think Elon Musk is one of those who will push the price of bitcoin up to reach 100k$ each when the bull run comes?

Your opinion is much appreciated

Bitcoin price increase depends on supply and demand and not on anyone, you should remember that bitcoin is decentralized and no one can control it alone. We don't know how much bitcoin he is holding but he is like us as an investor, we are all the same so his selling or holding is not a big deal to affect the market. In the past he has tried to find ways to manipulate the market for his own gain so be careful what he says, he is just a new entrant in the market. If you look back at the previous times bitcoin hit ATH, you will see that bitcoin doesn't need anyone's help or depend on celebrities to hit ATH. It has enough power to do it on its own, it's only a matter of time.

[VanillaH]

Elon Musk is just one variable among so many. In the short term, he surely can have an important influence on Bitcoin, but on the long-term, it doesn't matter.

[ChiBitCTy]

I think that at one point in time Elon held a lot of weight when it came to the price of bitcoin as well as the price of Doge coin, but I think at this point he's really hurt his credibility.  For a lot of people (certainly not all) he's kind of exposed himself and being more of a troll and a pumper and dumper, as well as exposed himself as someone who truly doesn't understand cryptocurrency ( just watch his round table chat with Cathie Wood and Jack Dorsey).

I don't think he holds all that much weight at all anymore.

[KaliLinux]

roll a 12 sided die

-  Good day to all my friends here on this forum, based on what you can see in the picture the two @Dave Portnoy and @Elon Musk had a short conversation about their Bitcoin holdings. And Elon Musk did mention that there hasn't been any bitcoin for sale since he bought it. Is the question true that Musk mentioned that he posted on the Twitter platform?

In addition to this, many of us in this industry community know that the price of bitcoin will increase by around 100k$ or more, there is just no certain day and year when it will happen. Also, we don't even know how many bitcoins Elon Musk holds, but he is one of the biggest holdings of bitcoins in the world today.

Do you think Elon Musk is one of those who will push the price of bitcoin up to reach 100k$ each when the bull run comes?

Your opinion is much appreciated


Source : https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk

If you noticed the Bitcoin market shortly after that tweet, the Bitcoin price dropped from its trading price of around $59k to around $29k in June 2021 so we cannot really believe his tweet will always have a Bullish effect on the Bitcoin price action going forward as much as it once did. The market has seen Bull and Bear markets before Elon Musk invested in Bitcoin and this has been the pattern of most financial markets, and when the next bull circle comes, I don't believe that it would be because Elon musk influenced it.
 

[bakasabo]

I wonder how much time it will be needed to transform Elon Musk into a God of cryptocurrency. When will people stop connect every sneeze in cryptocurrency with the name of Elon Musk. I bet Elon does not even realize how popular and what kind of fame he has among cryptocurrency community. I've noticed that when Elon Musk mention cryptocurrency, there are no price splashes anymore. Even if he adds #Bitcoin in his twitter bio, Bitcoin price wont go up. Even if Elon starts mentioning crypto, Bitcoin wont make a huge step towards $100k.

[$anounimus$]

Most of the comments here somehow suggest that people don't take Bitcoin seriously and consider it a Ponzi scheme, which is understandable at this stage when the price is still very volatile.

Probably not. High return on investment from trading or early bitcoin adopters will not make a dramatic effect on bitcoin price as they are already somewhat well known in the crypto community and have used their returns to invest in other startups/projects.

I think Mr. Musk is here, because many countries are still dependent on foreign oil and are at risk of running out of oil in the future.

[Adbitco]

I can't still believe most of you still follows Elon Musk tweet, is been awhile a checked on his page after promotion of some meme coin and it happens they all dump after making his profits. Sincerely speaking Elon can have control over other meme coin but may not really affect Bitcoin, i strongly believe that the numbers of people holding high volume of Bitcoin is far more to what he's holding and can't influenced the bitcoin market such as other altcoin he is influencing. I can't even argue if his still holding or not Bitcoin, such profile people can't really reveal their business strategies to you, it could happened that he sold when the market hit +$68k and buy back at this dip claiming he has not sold any of his bitcoin.

My questions is; Do you know his wallet address? If Yes then you can track his records to know if actually his telling the truth or not but remains hidden. About the price getting to $100k, yes this could be possible because i believe those who bought $67k might not risk their bitcoin to sell at cheap prices so they are holding for the price to get back possible $100k before they could sell.

[8rch7]

I thought Elon Musk did not buy or hold Bitcoin because of his words against it before. But anyways, it doesn't really matter as everyone has the chance to do it anonymously.

But I don't think we just rely on HIM, Bitcoin price will reach $100k momentarily with or without the influence of other like Elon Musk. In fact, we believe that in the next bull season we able to reach that high. Bitcoin continues to grow, that is what I see, and if Elon Musk is holding Bitcoin, then it was good to see but he is not the reason for the pump.

Indeed Elon Musk has a big influence on bitcoin, in fact last year he had influenced the Tesla company not to accept bitcoin in Tesla car buying and selling transactions, even though he had a big influence but that didn't mean he could pump up the price of bitcoin, because in my opinion without him even bitcoin will continue to grow and the price of bitcoin will continue to increase, bitcoin is now very popular even bitcoin is already known by almost all people so it is natural that the price of bitcoin is now low, different from previous years because not many people have adopted bitcoin.

[Gallar]

no one knows, whether elon musk will drive bitcoin's progress.

Elon Musk buys bitcoin of course he also wants to have a profit, he must also have a goal with bitcoin, for what?

so don't get involved with elon musk's future progress in bitcoin,
because the progress of bitcoin until now has not been focused on one person,
so in essence the people who will advance bitcoin are the people who invest and buy bitcoins.

[Lucius]

The article and the tweet are from April 2021

This is overly funny! Well spotted! I guess that his oddly political "polls" are not enough to increase his popularity (not necessarily in a good way), he needed yet another topic on bitcointalk!

Also, while expecting "salvation" from various personalities is known to be counterproductive, in the meanwhile he kept bashing Bitcoin and kept supporting his ever-bleeding altcoin, still, some "bitcoiners" keep waiting for something - I really don't understand what - from him.

They are waiting for Mr. Mars to take them by the hand and lead them to a world where everyone will become millionaires overnight, or in other words for him to be their replacement for Satoshi. For them, Bitcoin as a social phenomenon is very interesting, but it lacks a central figure, which is why it does not fit into the average mindset.

I read a good post in WO on the topic of the great leader, so although I know that few read anything other than the title, for those who are interested in the diagnosis -> link.

[tjtonmoy]

BTC is a decentralized currency. If you try to make it centralized or only one man controls the market, then it will be no interset to the people who support BTC for it's being decentralized and what freedom it brings with it.
One man controlling the BTC price or market would be BTC's downfall.

People who still believes that Elon Musk can pump the price, then they need to know there are other people who are ready to dump the price too.
And Elon being that smart would never put his all assets to pump BTC.
Although he can influence others to do that. But only people who know the truth of BTC will never fall for that.
BTC is a community and a family where everyone's support and decision is the key to its success and also downfall.

Indeed Elon Musk has a big influence on bitcoin

this is the only thing that he has done for BTC, but he can't influence the pump in price. People who still believes that he can or will do it are wrong.

in my opinion without him even bitcoin will continue to grow and the price of bitcoin will continue to increase

That is what bitcoin is. Controlled by not only one person but everyone. Bitcoin adaptation throughout the world will be the major breakthrough to pump the price beyond $100k. One person can't do it on his own. he can influence a lot of people but not all of them. so i guess it's not possible for him to do so.

[moderator's note: consecutive posts merged]

[Yamifoud]

Well, the said article is just created last year and we've been bullish without Elon Musk. I appreciate his participation in growing Bitcoin but not literally I will going to believe that he has the power to manipulate. Could be odd but 2021 is obviously a bullish season and even without EM the market will pump including Bitcoin. It was just a pure imagination that Bitcoin rely on him as it was not, that was the reality. Maybe if he can move it now during ths bear season, then that was the time I will praise him and going to admit that I was wrong.

[yazher]

Elon can be said to be new in dealing with crypto money, he appeared last year when he bought Doge, and made the DOGE PUMP value hard, (sorry if I'm wrong). and if bitcoin goes to 100k$ it can happen without Elon's intervention i think ,
but we don't know the future

That's a fact because he is not the only one who holds that much money, there are lots out there especially these guys here, they can actually be the reasons for the price to pump that high.

https://youtu.be/R6nSQBD-3aA

And don't forget those whales that are not showing themselves to the public since the first day, they might have some real plans to raise the price up to that high in the future. Anyway, since the last ATH was surprisingly that high, it won't be a surprise anymore when it reaches $100k after the next bull run.

[NeuroticFish]

They are waiting for Mr. Mars to take them by the hand and lead them to a world where everyone will become millionaires overnight, or in other words for him to be their replacement for Satoshi. For them, Bitcoin as a social phenomenon is very interesting, but it lacks a central figure, which is why it does not fit into the average mindset.

A replacement for Satoshi may arguably get better decisions about Bitcoin future, but not its price.
And I fear that they may not even care about a leader, all they care is to become rich (they managed to miss the part that Bitcoin is not a "get rich quick" scheme). Even more, we both know that if everyone becomes millionaire it means the money is worthless, so we'll be still poor.

[Maidak]

It was tweeted last year, but to be honest, Elon musk is not really having good intention for bitcoin, he is just manipulating the market, but I think he is becoming less relevant in crypto space, people don't really follow what he say again. I was expecting massive dump in bitcon when he said he sold 75% of his bitcoin holding, actually it affected the market but the impact was not as I expected, Elon musk is just joking with our emotions, we all have to know that he is not having good intention so we just have disregard all what he says. We don't want anybody to have impact of bitcoin price pumping or dumping, if bitcoin is going to pump, then it should pump freely and if it's going to dump then it should dump freely.

Given what he did last year, I really don't think he cares about bitcoin or crypto, what he cares about is the profit he will make. We should remember he is a billionaire and profit is what he is looking for, not the future of cryptocurrencies. As can be seen during this bear season, he has barely acted or posted any tweets about cryptocurrencies as he knows they are in bear season so he won't be able to generate hype to profit. We'll see him again when cow season comes.

[cheezcarls]

I don’t think so. The Elon boy hype is already over and there’s no way he can create another big hype for Bitcoin to reach $100k. And also I do not think there would be the next “Elon boy” who can step up to the plate to make BTC go to the moon again.

There will be several factors and reasons later on if ever BTC goes pumping once again. But I still believe that after the next halving BTC would rise again, it’s just that we have to be prepared to expect the unexpected. No guarantees or promises here.