Many people say that Elon Musk is a great businessman, but I see something different in him. This guy can move cryptocurrencies like they are his toys. Here's how it works:
1. Bitcoin ($BTC ) 💰: Musk first announced that Tesla had bought $1.5 billion worth of Bitcoin. The pope immediately raised the price through the roof. But as soon as he said Tesla was suspending Bitcoin acceptance, the price collapsed. Manipulation? Definitely.
2. Dogecoin ($DOGE ) 🐕: Musk called Dogecoin "the people's cryptocurrency." His tweets like "Doge barking at the moon" drove the price of DOGE up by hundreds of percent. This is no joke.
3. Shiba Inu ($SHIB) 🐕🦺: In May 2021, Musk dropped a few words about Shiba Inu, and the price immediately went up. Just like that, one tweet - and the cryptocurrency took off.
4. Ethereum ($ETH) 🔄: Musk suggested replacing Bitcoin with Ethereum for Tesla. ETH prices started jumping and everyone is confused.
5. Bitcoin Mining 🌍: Musk spoke out against Bitcoin's carbon footprint. The price of BTC fell because of this, and everyone started thinking about green technologies.
These manipulations by Musk call into question the integrity of the cryptocurrency market. Why should small investors blindly follow his tweets? Perhaps it is worth considering.#Green_lamp $BTC