Will Elon Be The Next John McAfee?

Its it Just a Mind Games?

We were all bullish when we see Elon tweet about how he embrace the crypto and blockchain technology. We still remember how he announce his company Tesla get into bitcoin and bought Millions Dollar worth of Bitcoin then immediate put a sign that the company will accept bitcoin as a payment.

We were also still remember how his very tweet can drive up the price of Doge, A meme coin which is supposed to be a joke about the state of the crypto currencies, and manage to push Doge into the top three of the crypto ranking. But Just like how is managed to make the doge price go up, his recent tweet about doge also manage to make Doge back to its cage. From a new ATH at 0.7 USD, now it traded at 0.4 USD such a great price move just from a tweet of a person.

Now another breaking news also coming from his tweet. Recently Tesla said that they will not support payment from bitcoin because they concerned about the electrical use to mine and securing bitcoin network.

This makes me think, how on earth the smartest person on earth owning the smartest car could easily miss the fundamental info about bitcoin and cryptocurrency? is this intentional to push down the price before he decide to buy in the dip and make another tweet to drive the price up again and leaving the average Joe with a heavy bag of high priced bitcoin?

as of now, Bitcoin has been traded in -11% at the 49K USD. This would not effecting much of his company as they had already managed to take profit by selling 10% of Tesla bitcoin holding. Now its just a mind games for all of us, to let Elon push down the price and buyback in in cheaper price?

source
Or is it the crypto winter has started to come. Just like 2017 Bullrun ended with the famous John McAfee prediction and his swear to eat his own dick followed by a long winter of 2018-2019, will this time Elon is the trigger for another crypto bloodbath? Only time will tell, and this is what happen when big guy owns a lot of bitcoin, they can just tweet as they pleased and drive the price as they want.

Posted Using LeoFinance ^Beta