You have just said it all. That he believed in the Bitcoin project that was why he invested in it. And also, he is a business man who wants to spread his portfolio too
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The fact that he said Tesla will no longer accept Bitcoin is the cause of all this car down in cryptocurrency market probably I never thought his tweets good cause this havoc.Perhaps Musk is repenting these days because he invested $1.5 billion when bitcoin was about $50K but now the price has gone down to $40K. He even said telsa will no longer accept bitcoins
Did any one notice Elon Musk is trying to promote himself as a Doge father. He referred himself as a doge father in a tweet. His tweet sent ripples in the crypto market and increased doge value
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Elon Musk has started becoming very erratic. These days he is saying, Tesla is no longer accepting bitcoins because bitcoin is using coal power in the mining process.
Simply put, to make money. Elon Musk is popular; the crowd follows him. He used the herd mentality to his advantage by investing in crypto, telling his tons of admirers what he's done. This sends the market into overdrive without any underlining analysis to back it up. When he's made enough money, he'll cash out and leave the unsuspecting investors who are still holding to their asset with a huge loss.Elon Musk always proves he constantly believes that nothing is ever impossible for him. Now that Elon Musk has actually confirmed that he thought Bitcoin was a good thing He follows through with all his ideas. This unique quality made him the richest man in the world in early 2021. So why did Elon Musk invest in bitcoin
It is a just a battle of wits. When BTC goes up, all other Alt coins usually goes up. Therefore Doge coin will just follow suit and start rising. This was a well calculated move.Elon Musk always proves he constantly believes that nothing is ever impossible for him. Now that Elon Musk has actually confirmed that he thought Bitcoin was a good thing He follows through with all his ideas. This unique quality made him the richest man in the world in early 2021. So why did Elon Musk invest in bitcoin