Friday, September 17, 2021

Here’s What You Need To Know About Elon Musk & His Cryptocurrency Theories

Hey!! Here We Know About Elon Musk’s Cryptocurrency Theories.

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Elon Musk is the second wealthiest person in the world and is doing one of the greatest trades in history. Nowadays cryptocurrency is doing great and Elon Musk has their theories to deal with it. Cryptocurrencies like Bitcoin and Dogecoin go up and down frequently with whims leaving billions of dollars in profit. There is something unprecedented, amazing as well as magical about his ability and inclination to move prices of cryptocurrency with his theories. Here we know about Elon Musk’s Cryptocurrency theories.

* He has the power to move cryptocurrency prices at his will. He makes a strategy for the cryptocurrency movement.
* For that he exercises power with no apparent pattern but with some frequency.
* He uses money power to buy lots of cryptocurrency before making them go up.
* Similarly he plans strategies to sell them easily before making them go down, without any of the disclosure obligations.
* Elon Musk’s tweets are also doing the rounds and they are known for his pronouncement on cryptocurrency. He has a fan base in the crypto market using Twitter.
* In 2014, he first mentioned cryptocurrency, bitcoin to be ‘probably a good thing’.
* Elon Musk’s Tesla invested a huge amount in cryptocurrency and also started accepting payments in cryptocurrency for their cars.
* Suddenly, Elon Musk broke the hearts of many investors with tweets that seemed to question the environmental impact of cryptocurrency.

Overall, Elon Musk’s Cryptocurrency theories and views make the crypto market volatile.

Here’s What You Need To Know About Elon Musk & His Cryptocurrency Theories

Tags: Dogecoin

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Yuuma Nakamura

Yuuma Nakamura

Yuuma Nakamura is a staff writer covering crypto, blockchain, finance and other technology for FintechZoom. Contact: [email protected]

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