Once again, they are not interested in hodling in the first place as I have said weeks ago. [0] They are interested in making money and Elon and Tesla know that they are able to move the crypto markets.<p>If they have already sold it, well that is the 'dump' + negative coverage / spin on BTC to pressurise the price to fall further. Now the poor HODLers at >$60K will have to wait a while until the next run up to the all time high.<p>One more thing in this crypto-currency episode, <i>'What goes up, musk go down.'</i><p>[0] <a href="https://news.ycombinator.com/item?id=27086093" rel="nofollow">https://news.ycombinator.com/item?id=27086093</a>
It’s astonishing how a single individual can affect (manipulate) the value of an entire monetary ecosystem via a series of Tweets.
What’s the advantage of Bitcoin being - allegedly - so independent from governments and other centralized powers then?
I believe Bitcoin is a scam and Musk is mostly just a rich memer with high aspirations, but this seems like a bit of a stretch based on a single word in a single tweet.