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

[Japinat]

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?

I know Elon Musk has becoming more and more famous because of his antics and motives, we know he's ultra rich or whatever we call his status now. One thing is for sure, with or without Elon Musk, bitcoin will reach $100,000 on its own time and phase, that is inevitable. Even if he holds lots of bitcoins, I doubt he do have the power to control the market. Bitcoin ain't Doge.

[pawanjain]

If OP would have been a true bitcoiner he would never think that Elon Musk could be one of the keys for bitcoin price to reach $100k.
A single person should never hold the power to drive the price of bitcoin at such large volumes.
Elon Musk has previously manipulated the crypto market quite a few times which is the main reason why I hate him in crypto.
He has surely made some great developments but I never like a person who manipulates the price of cryptocurrencies.

[romero121]

If OP would have been a true bitcoiner he would never think that Elon Musk could be one of the keys for bitcoin price to reach $100k.
A single person should never hold the power to drive the price of bitcoin at such large volumes.
Elon Musk has previously manipulated the crypto market quite a few times which is the main reason why I hate him in crypto.
He has surely made some great developments but I never like a person who manipulates the price of cryptocurrencies.

Agreed, but he used his influence and it is you and me the reason for the market manipulation. If we haven't responded then the market could've been on its path. It is known that cryptocurrency market is manipulative to some level. People realised it, when they missed the opportunity to make money following him.

We can't deny that Elon Musk don't have Influence. According to me, Elon Musk and people who are at the popular list with hidden treasures of cryptocurrency have the ability to make disturbance in the market through us.

[Slow death]

this reminds me that he was called  doge father, now that i see this thread i wonder will he be called  bitcoin father? joking aside, in the past elon has managed to influence the price of bitcoin a lot, but currently I don't see how he would be able to influence the price of bitcoin, maybe if he bought a lot and then added bitcoin to some big new company, but I think that's unlikely to happen, so the best thing to do is just wait for the price to reach 100,000$ naturally

[Piesel]

Since Elon musk's Bitcoin holding is not public and no one knows the exact amount of bitcoin he is holding personally I don't think he has much influence on Bitcoin price.

If you talk about dogecoin tgat I can agree that Elon musk has some level of control over the market condition of the meme coin, since dogecoin is centralized and because of the low price he has accumulated enough to become a whale in dogecoin holding but not Bitcoin.

[qwertyup23]

Elon Musk, only used his popularity for his own benefit. He manipulated the market so hard that, he bought doge in cheap price and sold in 100 times more price. He is a man who only care about his own profits. Bitcoins don’t need these type of cheap hypes to increase in it’s price. Btc will definitely rise when the demand for the coin increases. So yes don’t lose hope and keep holding the coins for couple of months. Let’s go Bitcoins to Moon .

Well to be fair i can't quite blame Elon Musk for any of that, of course he should care about his own pocket, so does everybody else, the people that should be blamed are investors and individuals who are so keen on following what Elon does, believing what he says and investing in projects he tries to shill. Mind you that if one falls victim to manipulation and hype, it is because the said individual has failed to do their own research, but acted only in a bid to follow the bandwagon. Having said that, Elon Musk has no control whatsoever on Bitcoin's future price, if people allow his manipulations to get to them, then i'm afaid it's all on them.

I agree with your statement. While Elon has that influence over the market, I doubt that he will affect the price of BTCs to the point that it constitutes manipulation.

Again, every person has that principle of self-preservation where they prefer their interests over the others. Being able to focus on profit is definitely not wrong, especially that Elon Musk can most likely affect the price over the market of Doge. But when it comes to BTC, which is definitely volatile, his influence is not something that will definitely and absolutely destroy its price which may constitute price manipulation.

[Ryu_Ar1]

Elon musk is a good influencer and he know how to influence a crypto project or any based on his own way. Now that he had acquired Twitter, he will have more influence to gat more control over the social media and do whatever he wants to do based on his own decision. Bitcoin will surely reach $100k and we can put more hard work by espteading the news about Bitcoin. He influence cam make Bitcoin reach 100k

Elon? Good person? I prefer to say that he is one of the Investors who seems good but this is just an opinion because if you look at him from a bigger angle of course now he is one of the people who can be used as a target for new people so that they can continue the good fomo. he always does.

But saying about Influencers maybe this can be true, when looking at the current conditions it is quite clear that Investors and some good news can actually be one of the supports for bitcoin to achieve that.
I have enough memes to make me smile


In this case we can conclude that with some pretty good news from some media and of course there are some experts or influences who enliven it, so many people will be attracted to bitcoin, especially naive people who follow the influences they love. .

[Hamza2424]

Haha this ahit poster he is free to do anything as if he want to support the real financial freedom then he is most welcome but if he wants to promote the ahitcoins and want to make some Cringe Hype about shitcoins the Bitcoiners dont need him Bitcoin is bitcoin many Ellon musk came and gone Bitcoin is standing right there a first name of crypto. Ellon musk is welcome to the Bitcoin space but I don't consider him to be one of the key to the 100k. Obviously with his money the journey might be fast and boosted but 100k is not the target to achieve its 1M or Being the Global store of value.

[Piesel]

Elon musk has being tweeting a lot lately and he has always been seizing every opportunity to support whatever coin he is holding we can see that with the way he promotes dogecoin and Bitcoin.

But Elon musk has not been as vocal about Bitcoin as he is with dogecoin and that is why Elon musk is referred to as the dogecoin father.

[imamusma]

Haha this ahit poster he is free to do anything as if he want to support the real financial freedom then he is most welcome but if he wants to promote the ahitcoins and want to make some Cringe Hype about shitcoins the Bitcoiners dont need him Bitcoin is bitcoin many Ellon musk came and gone Bitcoin is standing right there a first name of crypto. Ellon musk is welcome to the Bitcoin space but I don't consider him to be one of the key to the 100k. Obviously with his money the journey might be fast and boosted but 100k is not the target to achieve its 1M or Being the Global store of value.

People can think about anything and say anything about it, but I don't think Elon Musk is one of the key players about a possible $100K for bitcoin in the future. Everyone knows he is financially strong, but he will probably realize that bitcoin is not the place to justify his imagination.

I have more faith in the community and the development of bitcoin and its adoption as the reason why $100K is achievable in the future. Whether Elon supports it or not, it won't change anything on my side at all. Now Elon is a joke to Doge, but he can't do it with bitcoin and he shouldn't be.

[decodx]

Elon Musk is arguably one of the most successful entrepreneurs in the world, and if anyone can take a risky venture and make it viable, he can. I think, however, that I have more faith in the community and the development of bitcoin and its adoption as the reason why $100K is achievable in the future. Whether Elon supports it or not, it won't change anything on my side at all. Now Elon is a joke to Dogecoin, but he can't do it with Bitcoin and he shouldn't be.

[Oceat]

Elon musk has being tweeting a lot lately and he has always been seizing every opportunity to support whatever coin he is holding we can see that with the way he promotes dogecoin and Bitcoin.

But Elon musk has not been as vocal about Bitcoin as he is with dogecoin and that is why Elon musk is referred to as the dogecoin father.

And now that he owns Twitter he can do whatever he wants with his account and probably his followers will most likely going to believe in him but he can't make another joke to Bitcoin after what he's done to it. Plus, owning an altcoins like the memecoins it makes no difference to Bitcoin whether he can buy, hold, or sell it. The community somehow if there's a sign that it's a FOMO or dumping time they will follow and that's how the market move.

[mirakal]

Elon Musk is arguably one of the most successful entrepreneurs in the world, and if anyone can take a risky venture and make it viable, he can. I think, however, that I have more faith in the community and the development of bitcoin and its adoption as the reason why $100K is achievable in the future. Whether Elon supports it or not, it won't change anything on my side at all. Now Elon is a joke to Dogecoin, but he can't do it with Bitcoin and he shouldn't be.

Yes, there's no doubt about that and Elon Musk is quite a successful dude who made his way to be the richest man on this God's green earth. It's like anything he touch and imagine can be possible and will be profitable but bitcoin is different, what he have won't be enough to control the price of bitcoin to his ideals or may be the key for the bitcoin to reach the $100k milestone. What he can do is to manipulate dogecoin again but bitcoin? It's too vast for him and it's out of his limits.

[Cookdata]

Personally I dont think if Elon Musk or his tweeter account will eefect the price of bitcoin that much because we already saw his tweets in the past and people will not trust his tweets like before and even if his tweets effect the price I guess this effect is just going to be temporary and short-term

I concur on that temporal, if he decide to buy some stash of bitcoin today, it will have a short term effect on the price of bitcoin but even if he buys another billion worth of bitcoin, it wouldn’t have any major to effects at least that $100k right now because we are in bear market, never has that happened in the history of bitcoin, traditional market is also down signifying bad signal to those who want to fomo and I also feel the concluded injury is also yet to be heal(the Luna crash).

Not hating on Elon but he wouldn’t be there as the richest person forever, others were once there and they dropped. When the times comes for another person to rule, he will becomes irrelevant.

[yohananaomi]

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

Elon Musk, only used his popularity for his own benefit. He manipulated the market so hard that, he bought doge in cheap price and sold in 100 times more price. He is a man who only care about his own profits. Bitcoins don’t need these type of cheap hypes to increase in it’s price. Btc will definitely rise when the demand for the coin increases. So yes don’t lose hope and keep holding the coins for couple of months. Let’s go Bitcoins to Moon .

That's the advantage that Elon Musk has, being able to use social media to fascinate his followers and follow what's being said, even though he can't do anything to improve crypto. it can be seen at this time where the market is not good, he can't make doge able to move higher, still doge follow the movement of bitcoin.
true mate, that elon musk is an entrepreneur where as an entrepreneur will obviously seek profit for himself and the company, he will not think about trying to take action to be able to increase crypto.
so just focus on now to continue to hold existing coins or continue to buy potential coins while waiting for later to start entering a period where there will be an increase,

[krishnaverma]

Currently his impact is there and it has been increased by the fact that he now owns Twitter also. He can thus make associations between Twitter and crypto adoption and thus push the prices up.

But in the long run, one person does not matter a lot. We have seen that in past the people who were once the richest person in the world are now irrelevant. What will actually push the prices up and keep it at those levels is the adoption be general people and companies. If more people start using it, it will be possible that 100k$ might be seen in near future.

[Fivestar4everMVP]

In my opinion on this topic, I think it doesn't matter how many bitcoin Elon musk, and it also does not matter whether he sold or not, 1 bitcoin will continue to remain 1 bitcoin, and if in the future, bitcoin becomes generally accepted as a means of exchange for goods and services, Bitcoin's worth in USD wont matter anymore.

But for the sake of this discussion, i will conclude with this, Bitcoin is completely decentralized and depends not on one man to determine to its price in USD, its doesn't matter whether Elon sells or not, when the market decides, Bitcoin will surly hit $100k and beyond, with Elon still holding or with Zero balance in his bitcoin wallet.

[Questat]

In my opinion on this topic, I think it doesn't matter how many bitcoin Elon musk, and it also does not matter whether he sold or not, 1 bitcoin will continue to remain 1 bitcoin, and if in the future, bitcoin becomes generally accepted as a means of exchange for goods and services, Bitcoin's worth in USD wont matter anymore.

But for the sake of this discussion, i will conclude with this, Bitcoin is completely decentralized and depends not on one man to determine to its price in USD, its doesn't matter whether Elon sells or not, when the market decides, Bitcoin will surly hit $100k and beyond, with Elon still holding or with Zero balance in his bitcoin wallet.

Though we know the influence of this person on the community, especially in social media, it was not enough to control and influence the entire crypto market. Indeed, he is capable of buying a lot of Bitcoin but no matter how many he is holding now or even if it sell them by tomorrow, the price of Bitcoin will even move without his market presence. If ever he can do it, then I say it is great but never I expect such a trend, not unless the bull season comes as I know the price of Bitcoin will move high.

[isaac_clarke22]

~

Surely this Twitter news and his previous attention from crypto investors are two different things. If there's any impact, it would be the stock price of Twitter.

Even a group of people would not matter, these influencers would just stay where they belong. If there's going to be "real" influencers that we should be really following, it would be those names like Vitalik, Saylor, etc. and not these people from Twitter.

[danadc]

~

Surely this Twitter news and his previous attention from crypto investors are two different things. If there's any impact, it would be the stock price of Twitter.

Even a group of people would not matter, these influencers would just stay where they belong. If there's going to be "real" influencers that we should be really following, it would be those names like Vitalik, Saylor, etc. and not these people from Twitter.

Well for Elon Musk he is a person who apart from having a lot of money, does not like Bitcoin very much and I think it is for the simple reason of not being able to control it, he would like to do something like what Vitalik did with ETH, take full control , so that is something that is not good at all, it has been proven that a person who has control of many things is dangerous, they always make the biggest mistakes and harm the people who most need a certain type of attention, Elon Musk will take advantage of Twitter to raise the price of Doge, and give it a pump, but with Bitcoin no matter how much you buy, social networks will not be able to change the true feeling of Bitcoin for many people.