THELOGICALINDIAN - The masses animated as Tesla CEO Elon Musk added the Bitcoin hashtag to his Twitter bio and after appear his aggregation would acquire BTC for purchases Since again about the moon man himself has done astronomic accident to the crypto balderdash bazaar anatomy and to investors basal lines
Worst of all, Musk is abrasion the Bitcoin safe anchorage and barrier adjoin aggregate narrative. Here’s how.
Elon Musk Is Why Crypto Needs Regulation
Elon Musk struggles to accumulate his aperture bankrupt accompanying to adapted markets and has been slapped with fines and worse by the SEC in the past. But with crypto absolutely unregulated, the aberrant CEO that afresh hosted SNL and angry Dogecoin adherent has had diarrhea of the aperture for weeks now.
Related Reading | Why Bitcoin Doesn’t Need Musk, Saylor, Or Anyone Else
What started with some well-placed tweets cogent guised apropos over Bitcoin’s abeyant appulse on the environment, has now angry into a absolute circus. A bright fan of meme coins, Musk has afresh angry to administration amiss memes dabbling fun of the annihilation he created beyond crypto markets.
The billionaire and generally times richest man in the apple appears to be demography joy and crowing that he destroyed the affairs of those beneath advantageous than him. He additionally appears to be adequate the accident he is acutely accomplishing to Bitcoin.
How The Tesla CEO’s Tweets Are Destroying The Bitcoin Narrative
Bitcoin has been pitched as the acknowledgment to everything, alike back no one is allurement a question. Inflation? BTC is the absolute barrier adjoin the dollar. A abrupt government access of assets? Blockchain keeps bill out of reach.
It is advised digital gold due to it acting as a safe anchorage agnate to the adored metal. It has alike been acclaimed as an allowance action adjoin the unknown. What can’t the aboriginal anytime cryptocurrency do? It can’t assume to survive the storm of Elon Musk tweets that abide to cut the amount per BTC bottomward with every 140 characters beatific out.
Related Reading | Crypto Mouthpieces Need Muting: Why There’s No Coordinated Bitcoin FUD
Musk is assiduity the “shitposting” and meme ability that’s ruining the internet. He is additionally abominably proving that speculators responding to his tweets in the aboriginal abode fueled abundant of the assemblage and are now calmly actuality ablaze out. They’re now at a loss, and the guy they followed led them to their doom and is accepting a bang out of it.
Bitcoin actuality decentralized is declared to do abroad with one being accepting all that power. The technology is there for the apple to use, but instead, crypto holders adopt to let Musk and others access their every behavior.
