https://observer.com/2021/02/tesla-stock-bitoin-tumble-elon-musk-net-worth-fall-billion/amp/
Why would Elon Musk encourage a huge following to invest in BTC when he invested almost 2 billion himself? Was it just to pump and dump? Wouldn't there be a transaction record if he sold at just the right time, though?
I personally believe BTC and other mainstream cryptos are controlled opposition (look into who supports ETH -Google and Microsoft! Who else?) to give the Fed leverage to introduce their own "stablecoin" once the fiat dollar is allowed to plummet. I just would like to know what role EM is playing in all this since he publicly put so much skin in the game.
This is all separate speculation from what Trump and team have in motion to take down the Fed, which I have faith in. BUT it's important to understand the enemy's plan so we can have some perspective here.
low information fools making speculative claims based on nothing.
go do some research before running your trap.
https://unchained-capital.com/blog/bitcoin-is-the-great-definancialization/
The first iteration of new technology is rarely the best version and rarely the one that sticks around for the long haul. My biggest concern is who created BTC , not how it works. The price can be manipulated pretty easily by whales coming in to do the ol pump and dump, just like the stock market
Stablecoins are much more pleasing to the average consumer who wants "safety" in their financial dealings. This desire to have a stable, functional currency is a tool for emotional manipulation that can be easily abused by the fed once the dollar tanks. The gradual move towards online finance in everything we do basically finished its cycle. All that's left is the trigger event that collapses the fiat US dollar.
People who herald BTC as the savior from the central banking system have much to gain because they've already invested. A lot of poor people who are claimed to be the ones saved from the central banking system are going to pay retail because they got in last. That makes no sense to me and is not a real solution to help the masses
People who bring up the myspace vs. facebook argument immediately demonstrate their fundamental lack of understanding. Bitcoin isn't a product, or a company.
It is a protocol. Like TCP/IP. Layers are being built on top of it. There is no need for stablecoins or shitcoins. Those are all attempts of/by the same old broken system trying to stay relevant as Bitcoin takes over.
I posted a great link somewhere else in this thread. I suggest you have a read, it's long but may clear up some of the misunderstandings you have.
People who fail to recognize BTC as the savior from the central banking system have everything to lose.