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Elon Musk is not only known for his daring but extremely successful adventures with SpaceX and Tesla. Musk also causes a sensation on the social media platform Twitter with rebellious statements. With over 33.5 million followers, it’s not difficult for him, either. Meanwhile, he even had serious difficulties with the regulator of the US stock exchange. USA, SEC, who wanted to check their tweets in advance. Despite last year’s confrontation, the Twitter rebellion at Elon Musk continues this week. Once again, Bitcoin (BTC) is also on board. We explain the relationships in this article.
Elon Musk blocks Tesla’s stock
Back in January, BTC received Elon Musk’s “honor” to be mentioned on Twitter. At the time, Musk wrote that “Bitcoin was not his safe word.” This observation caused a sensation in the crypto community, but had to be accepted by it without further explanation from the businessman.
Bitcoin is * not * my safe word
– Elon Musk (@elonmusk) January 10, 2020
Yesterday, Elon Musk caused a stir outside the world of cryptocurrencies, that is, throughout the financial world. The Tesla CEO tweeted that his company’s stock price was too high.
Tesla’s share price is too high
– Elon Musk (@elonmusk) May 1, 2020
Even an Elon Musk can probably imagine that such a statement will have a negative rather than a positive influence on his company. After the post, Tesla’s share crashed by a whopping 10%. This minus is notable when you consider that stocks are not as volatile as BTC, for example.
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BTC is too cheap: Musk shows humor
Account owner @Bitcoin took advantage of Musk’s controversial tweet yesterday and its reach by commenting on his own BTC response to Musk’s post. He reversed the businessman’s statement and wrote: “The price of Bitcoin is too low.” Musk showed humor and unexpectedly commented on the statement with two smileys.
🤣🤣
– Elon Musk (@elonmusk) May 1, 2020
Just 10 minutes later, the Tesla CEO picked up on the BTC comment again by posting an anime Bitcoin image and asking how much an anime BTC would cost.
How much does bitcoin anime cost? pic.twitter.com/itqRslFNcb
– Elon Musk (@elonmusk) May 1, 2020
Although Elon Musk is seen as a visionary and lateral thinker (which also applies to the Bitcoin narrative), he shows little reaction regarding BTC and company. However, you are not averse to this, but you see some advantages that cryptocurrencies bring with them. His tweets and reactions from yesterday are even more entertaining.
How do you see Elon Musk’s opinion on BTC and company?
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[Bildquelle: Shutterstock]
The statements in this article do not constitute trading recommendations or investment advice.
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