Elon Musk Playing High Level Field Again??
Cointelegraph tweeted citing South African Magda Wierzcycka's statement that the SEC should investigate Elon Musk, who had a direct price impact on cryptocurrencies such as Bitcoin and Dogecoin, because of price manipulation. This is saying that she sold some of her bitcoins by raising the bitcoin price through her tweets.
In fact, no one can deny that Elon Musk has a direct impact on the price of cryptocurrencies such as Bitcoin. Also, if it was the stock market, it would have already been investigated and fined, but it is considered that there are no sanctions due to the characteristics of the cryptocurrency industry. In fact, Elon Musk remembers being fined by the SEC for tweeting about Tesla stock.
In this process, he responded directly to the tweet, saying that in fact, Tesla sold only 10% of the bitcoins it had purchased. However, if the average price of Tesla's Bitcoin is about $20,000, it is enough to have the effect of recovering 30% of the purchase price by selling only 10%.
In addition, the Tesla car payment in Bitcoin is also said to be considered again if more than 50% is made with eco-friendly energy.
It is also a moment to prove once again that the cryptocurrency market, where the world is interested and the price fluctuates depending on whether the move is positive or negative, is that early. Please take an approach with actual intrinsic value and protect your assets from a long-term investment perspective.
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