Elon Musk is the second richest man in the world, with an estimated net worth of $ 155bn. He has founded some of the world’s most successful tech companies from PayPal to Tesla, and his voice weighs heavily on technology circles, but his influence on the crypto market is astounding. A few words of support from Musk could drive the hype around the cryptocurrency supersonic and send rising prices, but with his voice carrying such a huge potential potential, investors need to realize that the words spoken to him are true.
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Twitter needs to close a deal with Elon Musk:
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Musk and Bitcoin
In the latter part of 2020, Tesla invested an astonishing $ 1.5bn in Bitcoin, buying an estimated 46,000 coins at an estimated $ 32,610, in an event that caused the price of Bitcoin to skyrocket. And when Tesla announced in March 2021 that the company would accept Bitcoin as payment it sent the growth of the currency into overdrive as investors believed that cryptocurrency was finally hitting hard. At one point, the growth of Tesla’s Bitcoin investment portfolio was more significant than a company engaged in the sale of electric vehicles.
However, after learning about the impact of Bitcoin mining on the environment, Musk had a change of heart and announced in May of that year that Tesla would no longer accept Bitcoin as a payment method until the currency reduced its natural environment, causing a 15 percent drop. the value of the currency in about one night. And when he later tweeted about parting with Bitcoin using money fell again.
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Musk and Dogecoin
Musk spoke for the first time about Dogecoin on Twitter after a vote of his choice to become CEO of the recently launched cryptomeme, but it was his tweet “Doge” in December 2020 that caused the currency to start rising sharply from $ 0.0028 to $ 0.46 more. travel for a few months. He later went on to describe himself as "Dogefather" and made a joke by sending Doge to the "moon".
Musk’s influence on other cryptocurrencies
Not surprisingly, the words of one of the richest people in the world with more than a billion dollars believed to be invested in cryptocurrencies including Bitcoin, Ethereum, and Dogecoin continue to have a major impact on cryptocurrency markets. However, his involvement in the crypto-world has led various actors to use his name and similarities to trick investors into believing in their "smart investment plan" or that their "crypto" will be Bitcoin or Dogecoin next - and have deceived millions.
Recently, videos from Reddit and elsewhere appeared to show Musk launching a new trading platform called Quantum AI, but the video is a fake, at least one Quantum AI update that highlights problems with video and other advertising materials that misrepresent Musk. and using a variety of video actors from Fiverr.
Musk is a billionaire and serial entrepreneur, and it is certainly believed he may have an investment in quantum technology in the future. However, investors should be aware of any information they read from unconfirmed sources even if it appears to have been recorded from a reputable source. If you do not find the story or video in that original source it may be deceptive, and with the recent development of "deepfake" technology even if you see a video that seems to show a celebrity authorizing something, unless they are talking about that product. or service to their certified public channels and content should be viewed with the utmost suspicion.
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