I've seen a lot of people scratching their head about why Elon decided to manipulate the price of crypto recently by halting Tesla's acceptance of Bitcoin for payment on 5/12. Some say it's just the work of a bored billionaire, or that he did it for personal gain. However, I believe it relates to the impending GME squeeze, market crash, and removal of various financial institutions.
It's important to understand Elon's stance on hedge funds. He has made it clear in the past that he does not respect the SEC and that he will become "the destroyer of shorts." For the past 3+ months, he has pushed an entirely pro-crypto (especially Dogecoin) stance on his social media, and his announcement that Tesla would accept Bitcoin has kept it past the $50k price point for a while. Two weeks ago, he went on SNL, where he also frequently brought up the topic of crypto and brought it into the mainstream consciousness.
Then, less than a week after his SNL appearance, and after months of promoting crypto, Elon looks up energy costs of Bitcoin and decides perhaps it's bad for the environment. It's understandable why people are so angry at him. Well, unless you have been following GME DD and understand hedge funds who have shorted GME may keep a good chunk of their assets in crypto to prevent from being margin called. His announcement came a day before an important liquidity test for the hedge funds, so perhaps it was a way to wipe out their balance sheet and get them scrambling.
Also around the same time, the official GameStop Twitter became especially blatant about their support of the squeeze, tweeting a picture of an astronaut on the moon, the words "oops moass my bad," and various other things. MOASS stands for mother of all short squeezes. These tweets are gone now, but there are screenshots on the internet which are not hard to find. GameStop could get in trouble for market manipulation, and I'm sure they know this, which makes these tweets especially revealing.
There is another post by DeepFuckingValue (RoaringKitty on Twitter) where many believe he cryptically referenced the date 5/13/21, hidden in a Super Smash Bros clip months ago that ends with "GAME." Pause at the very end and you'll see it.
https://twitter.com/theroaringkitty/status/1382776799273291779?s=21
With talks of inflation, record high borrowing from the FED, and even MSM saying it's time for a market correction, I don't think it's hard to believe the system could easily come crashing down from one stock. There is much more I could include, but it may be easier to follow /r/Superstonk if you are interested in GME happenings. It's pretty much the only place on Reddit I find somewhat tolerable anymore. In conclusion, this is all speculation, but it would sure be nice to have figured out Elon's intentions for once.
To those who have not seen the Q post: Shall we play a game? Nothing can STOP what is coming
Great post, not sure why it doesn't have more updoots. I think it's a solid theory you present. What are your thoughts on AMC?