Elon Musk’s frequent intervention makes it shakier as if the cryptocurrency market isn’t volatile enough. The Tesla and SpaceX CEO is a pro-crypto advocate and has been tweeting Bitcoin and others for a while. But what’s intriguing is the impact of every tweet he makes on them builds or drowns the fortunes of several cryptocurrency investors. Here’s how he did it in the past;
Shaking the Community With Just a Tweet
Just as any other freedom activists, Musk has been so enthusiastic about the concept of blockchain and cryptocurrency since they offer transparency and decentralization, which in turn offer the online freedom we want. And the main element being the face of this industry is Bitcoin – a peer-to-peer decentralized cryptocurrency.
Elon Musk: Makes #Bitcoin go up 400 billion in market cap with Tesla accepting it. Elon Musk: Makes #Bitcoin go down 100 billion in market cap with Tesla no longer accepting it. Bitcoin Maxi’s: “So reckless. Can’t believe @elonmusk screwed $BTC like that.” — Matt Wallace ⚠️ (@MattWallace888) May 16, 2021
