Elon Musk dissociates himself from cryptocurrencies despite having been one of the great influencers of their prices
It seems that after so many tweets, the billionaire Elon Musk wants to disappear from the cryptocurrency landscape and washes his hands of claiming that he only owns a small amount of bitcoin.
To the disappointment of many, Elon Musk He no longer wants to be the crypto influencer he seemed just a year or a few months ago.
Given the storm of volatility and plummeting that we are experiencing in the world of cryptocurrencies, it seems that the billionaire wants to take a step back.
Recently we were able to learn about the millionaire demand that it currently faces from dogecoin investors. We talk about one class action lawsuit filed Thursday in a Manhattan court by a dogecoin investor who accuses Elon Musk, Tesla and SpaceX of operating an illegal company with which they seek to inflate the price of the cryptocurrency at their mercy.
And it is that, every time he has published a tweet of this cryptocurrency, the prices have skyrocketed. Just remember the 20% spike he experienced in late December 2021, when he tweeted that Tesla was going to support dogecoin as a form of payment.
A few days ago he tweeted that the accumulation of Dogecoin will continue even after the memecoin crash in the cryptocurrency market. This tweet influenced the price of Dogecoin to rise by 6%.
It is for all this that it is accused of controlling the rise and fall of the price and be the liable for damages among investors who have lost money.
Musk, in addition He claims that he only owns a small amount of bitcoin, which we all already know to be a lie. The cryptocurrency market has enough data that Elon owns more than a small amount of bitcoin.
The recent $1.5 billion bitcoin investment for Tesla has made Elon Musk one of the largest bitcoin investors in the global market.
He even mentions that he never said to invest in dogecoin or bitcoin through his tweets and in this, he is certainly right. Musk never encouraged crypto investors to bet on one or the other in his cryptic tweets, so we can say he is an influence based on trust and not the words of a guru.
Reference-computerhoy.com