Will Elon Musk keep what he said or not?

[FinneysTrueVision]

Even if Tesla started accepting Bitcoin again I doubt it would have the same impact it did in 2021. The perception people have of Musk has changed significantly since he started embracing controversial political beliefs. Since his takeover of Twitter he has caused it's value to decline dramatically by making changes that the majority of people don't really want. Even after adding Dogecoin support to the Tesla shop a few months ago it's price remains down over 90% from it's all time high. Clearly his influence doesn't really matter much anymore.

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[Latviand]

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Yes, Elon Musk is still the CEO of Tesla, SpaceX and X (Twitter). I feel he is again trying to manipulate the Bitcoin price, which means he is trying to manipulate the market. If he starts accepting Bitcoin then we can expect a Bull run of some sort before the halving. If he is bluffing then the market will remain the same till halving and then we could see Bitcoin price going in upward direction. I stopped following his sudden burst on Twitter after he started promoting shit coins. 

Oh, maybe I've read wrong about Musk stepping down as the CEO of Tesla. I don't know about the manipulation of the market but if that's what's happening again then one thing that we can do is to just save of fiat and wait for them to sell their bitcoin like what SpaceX did recently and then buy bitcoin when the price goes down because of them because bitcoin will eventually bounce back even if there's market manipulation.

[BitDane]

I think the hype of the news about Tesla accepting Bitcoin if the electricity use for mining is 50% green energy is just for publication.  For whatever its worth, I believe the news had already served its purpose.  I do not think that it will cater that hype anymore whether Tesla will accept BTC as payment or not.

Even if Tesla started accepting Bitcoin again I doubt it would have the same impact it did in 2021. The perception people have of Musk has changed significantly since he started embracing controversial political beliefs. Since his takeover of Twitter he has caused it's value to decline dramatically by making changes that the majority of people don't really want. Even after adding Dogecoin support to the Tesla shop a few months ago it's price remains down over 90% from it's all time high. Clearly his influence doesn't really matter much anymore.

Same thought here, Elon's Musk reputation isn't that as high as before.  People are now used to the stunts created by Elon Musk one of the major reason why his influence diminished.

[Texac]

So let's just watch out for Elon's tweets so we can track the trend.

I like Elon because of the way he made money and became the richest person in the world at a relatively young age compared to other billionaires.  but I won't believe anything he says, especially when it comes to money because he will never care about anything other than it will benefit him.  he is also using bitcoin to make a profit for himself, he really has no intention of helping the bitcoin revolution, IMO.  I follow him because he can manipulate the market from there, if can catch it in time I will also have some profit from it, doge is an example.  Also, don't believe anything he says.

[Lucius]

It's not only about Elon; it's about Tesla as well. Being one of the major car manufacturers, their involvement in the bitcoin marketplace is a significant event. They can introduce many possible utilities of bitcoin into their platform as their major concern about bitcoin has been resolved and all the major players are coming to the market, so they don't want to fall behind, I think.

The man is the owner of that company anyway, so I don't see how Bitcoin could have benefited at all from the fact that that company still left it as a means of payment, because what is the percentage of people who use BTC as a currency, and especially those who would bought an expensive car with the same?

My opinion is that it would have been better if Bitcoin had never found itself in the same sentence with that company, because apart from having a small pump, the long-term consequences were (and still are) extremely negative.

Elon should be in jail for manipulating the price. Because of his dirty game, another shit project shiba inu, and pepe occupay raised millions of dollars from the market, which should have gone to bitcoin and other major markets that have real value.

He should have ended up in prison back in 2018 when he manipulated his company's shares, but he paid a fine and settled with the SEC and received a suspended sentence. Such a man can hardly end up in prison, because he is a state actor who receives billions of dollars in incentives for what he does.

[Ojima-ojo]

Elon musk at this time seems to have move on from Bitcoin since Bitcoin have become so expensive and scarced for him fo accumulate a huge sum and making attempt to either pump the price upward or downward depending on the direction he will want the market to go so as to feed his bags fat with more BTC as a business man.


But Bitcoin seems to have gone above that stage were a sigle whale can manipulate the market in whatever direction their wish, and on a contrary Bitcoin os not same as dogecoin which he was able to take over the coin market reactions and if Elon musk should make any announcements in whatever direction concerning Bitcoin,  it wont have any long term impact on the market and if there be any impact at all, it will be a short-term price impact.

[boyptc]

I have removed that thought already that we should be dependent or interested still to whatever Elon Musk says and promises. It's clear that he's just all for the clout and he's chasing it wherever the community that he goes and tells that will certainly have an interaction on him and his companies.

He's winning on this strategy and whether it will be a news that Tesla or any of his companies accept Bitcoin or started to invest again on it. One thing for sure is that they'll wait again for the right time until it dumps again.

The guy is a manipulator and people still don't realize it because we're blinded on how successful he was and his companies. Let alone Bitcoin grow on its own because no matter what he says, there will be other factors that will make Bitcoin get up and fly to the sky.

[hugeblack]

Tesla accepting Bitcoin again does not mean that the price will rise unless this is accompanied by investments in Bitcoin. They have already sold about 75% of their stake and now is the time if they want to buy. I expect that if they think about buying, they will buy in the fourth quarter of this year or the first quarter of Next year, the announcement will be either in March of next year or June, so nothing will change until the end of this year at least.

Elon Musk does not care about clean energy, and if he wanted a justification for continuing to accept Bitcoin, he would find it.

[Dimitri94]

If you remember, in 2021, this was one of the reasons why BTC rallied when Tesla accepted Bitcoin for payment. But this is also the reason why the price of Bitcoin fell in the market when they also removed it as a payment method. And the reason for Tesla at that time was that Bitcoin mining was not environmentally friendly.

Elon Mask has been an influencer in cryptocurrency since its inception. Although he is directly involved in cryptocurrency. But sometimes he makes various comments for which he has to face criticism again and again. When he started accepting Tesla payments in Bitcoin naturally positive sentiment was created in crypto and stopped accepting Tesla payments in Bitcoin again when he was worried because Bitcoin mining was not environmental. But currently, if he thinks that mining is environmentally friendly at the moment, then he can accept payment through Tesla again. As he is a big trader he must keep a close eye on the profit and loss. It's not like he'll do what he's told naturally, especially for trading business. Because no one will keep his word only by harming himself. But since he is a big businessman and a celebrity too his words must have some specialness.

[michellee]

It is up to Elon to fulfill his words or even break them. I didn't put much hope in Elon for a long time and if indeed the market will move quickly because of Elon's tweets, that's good so I can take my share of the market. But if Elon reneges on it and causes the market to get worse, I'll take part too.

The important thing is that after you track Elon's tweets and can predict what will happen, you have to be ready in the market in the next few hours or days. This is done so you can get a place or position to act, whether selling or buying Bitcoin. Don't be late if you want to do something.

Many other reasons could make Bitcoin strengthen again and not just because of Elon. But it is true that Elon can make the market move, but we must remember that he is a businessman who wants to profit from what he says.

[Maslate]

Before I comment on the Elon Musk effect, let me start by saying this is a good tweet but it also leaves room for it to be easily misinterpreted especially the line that reads " Bitcoin is consuming more sustainable energy in its mix" this line kind of makes it sound like the crypto industry is wasting valuable energy which can be directed elsewhere were it's needed the most... and feel these guys should choose crypto friendly words that won't hurt the market!

Over 50% is said to be the energy source used in Bitcoin mining, which means this is positive news for bitcoin. Because if Elon Musk fulfills his promise that Tesla will accept Bitcoin again for payment, there is a very high chance that the price value of Bitcoin will rally due to the strength of Elon Musk's influence in an industry like this. Is that the type of tweet that is positive for Bitcoin?

Definitely positive news but I have noticed that the Elon Musk effect is short term because it's usually speculative in nature which losses momentum quite easily,and at the moment we don't mind small or big wins as this counts as a win for the crypto market.

This creates a big impact for bitcoin and its price but thinking that Elon was the one who hyped it, he will also be the reason of its downturn later on. That’s how Elon effect has established in the crypto market. However, this is just a wild guess based from the past hypes made by Elon. Probably, if it’s not Elon, this positive news might definitely stay for good.

[sana54210]

Elon Mask has been an influencer in cryptocurrency since its inception. Although he is directly involved in cryptocurrency. But sometimes he makes various comments for which he has to face criticism again and again. When he started accepting Tesla payments in Bitcoin naturally positive sentiment was created in crypto and stopped accepting Tesla payments in Bitcoin again when he was worried because Bitcoin mining was not environmental. But currently, if he thinks that mining is environmentally friendly at the moment, then he can accept payment through Tesla again. As he is a big trader he must keep a close eye on the profit and loss. It's not like he'll do what he's told naturally, especially for trading business. Because no one will keep his word only by harming himself. But since he is a big businessman and a celebrity too his words must have some specialness.

Well, when you have that much controversial things to say in anything, you are going to face a lot of backlash from it as well. I get that he is free to say anything, that's what free speech is in its core, he is allowed to say whatever he wants, but that doesn't mean that he is going to be jailed for saying things, he just going to get disliked for saying things, and he can't stop people disliking him, nobody is forced to like him at all.

This means that if he says stuff that will make people dislike him, then the yare going to be equally free to say whatever they want back at him regarding his opinions as well, free speech goes both ways. This is why I believe that we are going to end up with a lot of trouble on the long run.

[JoyMarsha]

Like I always said, we do not need Elon Musk. Bitcoin need people, not a single person. After bitcoin decreased in price at the time when Tesla no more accept bitcoin for payment, the price of bitcoin later increased to all-time-high.

In the real sense, one person can't control the price of bitcoin to soar or not, no matter how influential the person seems to be.
Bitcoin can't be a business venture that one can decide what direction he wants the price to go. This is what Elon Musk fails to understand that bitcoin is not what he can manipulate its price to whichever way he wants for a long period of time.

[stomachgrowls]

Elon Mask has been an influencer in cryptocurrency since its inception. Although he is directly involved in cryptocurrency. But sometimes he makes various comments for which he has to face criticism again and again. When he started accepting Tesla payments in Bitcoin naturally positive sentiment was created in crypto and stopped accepting Tesla payments in Bitcoin again when he was worried because Bitcoin mining was not environmental. But currently, if he thinks that mining is environmentally friendly at the moment, then he can accept payment through Tesla again. As he is a big trader he must keep a close eye on the profit and loss. It's not like he'll do what he's told naturally, especially for trading business. Because no one will keep his word only by harming himself. But since he is a big businessman and a celebrity too his words must have some specialness.

Well, when you have that much controversial things to say in anything, you are going to face a lot of backlash from it as well. I get that he is free to say anything, that's what free speech is in its core, he is allowed to say whatever he wants, but that doesn't mean that he is going to be jailed for saying things, he just going to get disliked for saying things, and he can't stop people disliking him, nobody is forced to like him at all.

This means that if he says stuff that will make people dislike him, then the yare going to be equally free to say whatever they want back at him regarding his opinions as well, free speech goes both ways. This is why I believe that we are going to end up with a lot of trouble on the long run.

As a Billionaire then you wont really be that caring about on what are the things that would come out on your mouth and who the hell are you people would really be judging him to be a liar or would really be getting imprisoned basing up on what he had said or simply with those opinions back in the past? There's no such thing about agreement that had been signed up for him to be jailed and it is true that he would really be getting those dislikes and criticisms instead but we know that it isnt really that much of a concern whether he's that getting that kind of thing when it comes to popularity that being affected because he would really be still remaining to be a billionaire.

Even into common people on which we do really have the right on saying our opinion whether it would be good looking or totally that opposing on what the community sharing up on the same idea or impression.
There's always those side will really be going against with your words and this is something not that really shocking. In regarding about must whether he would be keeping up his words or not
then it would really be entirely be depending on him.

[Ultegra134]

It doesn’t really matter what Elon says or does really. We have been using over 50% renewable energy for mining for a long time now. I think the FUD he was spreading during the last bull run that seemed to cause the price to dump coincided with China clamping down on bitcoin.

The price dumped hard when China banned bitcoin, it was probably nothing to do with Elon. So in essence who cares what TESLA do, how many people bought a TESLA with bitcoin any way, probably less than 100.

Correct, this isn't new information regarding mining operations. I doubt that Elon is going to bother accepting Bitcoin payments for Tesla, and to be honest, I couldn't care less. He did enough damage in the previous years with his messing around, causing chaos, especially with Dogecoin; I doubt that too many people still take him seriously, at least for cryptocurrencies. Even if he actually reinstates Bitcoin payments, I'd be skeptical if it was another attempt to mess with the market, something he's done quite a few times in the past. On top of that, I haven't seen him bothering too much with cryptocurrencies in the past year or two; thus, I doubt that he's ever going to be involved anytime soon.

[Davian144]

In the real sense, one person can't control the price of bitcoin to soar or not, no matter how influential the person seems to be.
Bitcoin can't be a business venture that one can decide what direction he wants the price to go. This is what Elon Musk fails to understand that bitcoin is not what he can manipulate its price to whichever way he wants for a long period of time.

That's what still makes Bitcoin good for many people to hold and own even though Elon Musk may not be so openly expressing his preference for Bitcoin except for other cryptocurrencies. Because if Bitcoin prices can be manipulated by people like Elon Musk, that won't be good enough for everyone who still likes holding Bitcoin because we have to follow Elon Musk's wishes. So I assume that with Elon Musk failing to create the kind of price manipulation he wants in Bitcoin, it is still very good for Bitcoin and its users forever.

[Captain Corporate]

Of course not, when have you seen him keep any sane promise, he would probably do something insane and people would say "you won't do that I bet" or something like a wager and he will do it, but when he makes a promise he won't do that for sure. Dude just wanted to give a fake reason to remove it but the reality is that it was a financial hell, accepting bitcoin for 100+ billion dollar company is not simple, amazon tried to do the same and decided not to very quickly. You would require a whole another division of accountants just to take care of the bitcoin parts, along with few lawyers at least to handle all the legal parts of the deal as well. No need to do something so silly just to accept bitcoin.

[Silberman]

Of course not, when have you seen him keep any sane promise, he would probably do something insane and people would say "you won't do that I bet" or something like a wager and he will do it, but when he makes a promise he won't do that for sure. Dude just wanted to give a fake reason to remove it but the reality is that it was a financial hell, accepting bitcoin for 100+ billion dollar company is not simple, amazon tried to do the same and decided not to very quickly. You would require a whole another division of accountants just to take care of the bitcoin parts, along with few lawyers at least to handle all the legal parts of the deal as well. No need to do something so silly just to accept bitcoin.

Besides would Tesla accepting bitcoin again change anything at all? If Amazon accepted bitcoin that would be a game changer as literally overnight we will be able to use our bitcoin to buy in one of the biggest centralized marketplaces that exist with millions of products, but when it comes to Tesla what else do they have to sell other than overpriced cars? To me it makes no difference if they accept bitcoin or not, and I am sure many other people are in the exact same position.

[Yaunfitda]

Of course not, when have you seen him keep any sane promise, he would probably do something insane and people would say "you won't do that I bet" or something like a wager and he will do it, but when he makes a promise he won't do that for sure. Dude just wanted to give a fake reason to remove it but the reality is that it was a financial hell, accepting bitcoin for 100+ billion dollar company is not simple, amazon tried to do the same and decided not to very quickly. You would require a whole another division of accountants just to take care of the bitcoin parts, along with few lawyers at least to handle all the legal parts of the deal as well. No need to do something so silly just to accept bitcoin.

Besides would Tesla accepting bitcoin again change anything at all? If Amazon accepted bitcoin that would be a game changer as literally overnight we will be able to use our bitcoin to buy in one of the biggest centralized marketplaces that exist with millions of products, but when it comes to Tesla what else do they have to sell other than overpriced cars? To me it makes no difference if they accept bitcoin or not, and I am sure many other people are in the exact same position.

I doubt that they will accept bitcoin again, I mean they did if I'm not mistaken, but suddenly, Elon change his stance and go against bitcoin and then uses Doge as another crypto to hype and that's what happen.

And then later we find out that he sold or at least his company sell their stash of bitcoin in order to buy Twitter this year. Anyone, for me Elon is just a foregone conclusion in bitcoin, and we shouldn't trust this guy again as he has his own narrative behind his so called pro-Bitcoin stance years ago.

[justdimin]

Besides would Tesla accepting bitcoin again change anything at all? If Amazon accepted bitcoin that would be a game changer as literally overnight we will be able to use our bitcoin to buy in one of the biggest centralized marketplaces that exist with millions of products, but when it comes to Tesla what else do they have to sell other than overpriced cars? To me it makes no difference if they accept bitcoin or not, and I am sure many other people are in the exact same position.

I doubt that they will accept bitcoin again, I mean they did if I'm not mistaken, but suddenly, Elon change his stance and go against bitcoin and then uses Doge as another crypto to hype and that's what happen.

And then later we find out that he sold or at least his company sell their stash of bitcoin in order to buy Twitter this year. Anyone, for me Elon is just a foregone conclusion in bitcoin, and we shouldn't trust this guy again as he has his own narrative behind his so called pro-Bitcoin stance years ago.

To be fair that wasn't really a bad decision, if you are going to end up selling your bitcoins to purchase something as huge as twitter, that is a good decision to make and I wouldn't be against that to be fair.

However, he ended up making the company a lot worse and that does sound like there is a little bit of a problem with it. I get that we are talking about a huge company and it's definitely a strong candidate but that doesn't mean that we have to consider the purchase good automatically, because he ended up buying the company to make them worse which results with making that a bad purchase. If he sold his coins and bought twitter and made it a great company that is profiting insanely well then I would have understood it.