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Can Elon Musk Be Blamed for Crypto Volatility?

May.14 — A single tweet from Elon Musk, announcing that Tesla Inc. would stop accepting Bitcoin as a form of payment, wiped hundreds of millions of dollars out of cryptocurrency markets. Some of that has been recovered, namely in Dogecoin, following yet another endorsement from Musk and Coinbase Global Inc. officially bringing Dogecoin onto its…

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May.14 — A single tweet from Elon Musk, announcing that Tesla Inc. would stop accepting Bitcoin as a form of payment, wiped hundreds of millions of dollars out of cryptocurrency markets. Some of that has been recovered, namely in Dogecoin, following yet another endorsement from Musk and Coinbase Global Inc. officially bringing Dogecoin onto its platform. But Bitcoin is still down and Square Inc. halted Bitcoin purchases altogether. Bloomberg’s Ed Ludlow and Joe Weisenthal report.

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56 Comments

56 Comments

  1. Lee Tran

    May 14, 2021 at 10:50 pm

    reading Twitter and investing … you need help, please seek qualified financial advisor

    • Delaine Dagnone

      May 14, 2021 at 11:08 pm

      Have you heard of Anderson Roseline?

  2. Wayne Montgomery

    May 14, 2021 at 10:59 pm

    Elon used Bitcoin as a PUMP & DUMP scheme.

    • Ron Burgandy

      May 14, 2021 at 11:59 pm

      Doge yes, BTC is only down 5% doge is like 30%

  3. FUNKYFRESH707

    May 14, 2021 at 11:03 pm

    Elon the pump and dumpfather! What him and tesla need to accept is silver as a form of payment

  4. FUNKYFRESH707

    May 14, 2021 at 11:06 pm

    Only compare bitcoin energy consumption against other cryptos energy consumption and youll see XRP will be the chosen one!

  5. Delaine Dagnone

    May 14, 2021 at 11:07 pm

    It is not watching videos and wasting time on strategies,I was ignorant doing so until I decided to try Mrs. Anderson Roseline and she has made $14000 on every $2000 I invested

  6. Toto Lesquimau

    May 14, 2021 at 11:11 pm

    Musk seriously begin to lose his credibility

  7. [333] Math:matical Physical Chemical BioLogical

    May 14, 2021 at 11:15 pm

    Every newbie gets the chance to experience the effects of Whales, to learn about the nature of the crypto Ocean.

    They can smell the shrimps gathering!
    πŸ³πŸ‹

  8. Frank Korrs

    May 14, 2021 at 11:35 pm

    People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin .

    • Sandro Leonardo

      May 15, 2021 at 1:13 am

      He’s really amazing with an amazing skills he changed my 0.6btc to 2.1btc

    • Shelder Evanston

      May 15, 2021 at 1:16 am

      BITCOIN Investment now will be at very wise individuals list in two or three months you’ll be ecstatic at the decision you made today

    • Beo Romani

      May 15, 2021 at 1:20 am

      How do I start trading with Mr George Herbert?

    • Mel An Na

      May 15, 2021 at 1:24 am

      @Beo Romani +1==8==5==0==2==9==0==3==0==6==0

    • Mel An Na

      May 15, 2021 at 1:24 am

      Text Mr George Herbert Lloyd on What’s app ⬆️

  9. Ron Burgandy

    May 15, 2021 at 12:01 am

    What I don’t understand is he’s talking cleaner energy, but what does his electricity run on fairy dust? BTC network uses less energy than fiat, and less than 30% is coal powered?

    Is he making a run at “solar sales into the BTC market” or something odd???

    • Charles Wolf

      May 15, 2021 at 12:07 am

      Not only the printing and paper making for the money but all the banks computers πŸ˜‚ and are we forgetting he LAUNCHES ROCKETS that burn fuel ?

    • Ron Burgandy

      May 15, 2021 at 6:21 am

      @Charles Wolf exactly!

  10. Ron Burgandy

    May 15, 2021 at 12:06 am

    *Musk HODL 17% of doge* (supposedly)
    Commentator “it’s not like he has any influence or inside information on doge” πŸ™ˆπŸ₯΄

    • Ana Rose

      May 15, 2021 at 1:06 am

      he’s Mcafee 2021. yes he can be blamed.

  11. Samurai X

    May 15, 2021 at 12:07 am

    Elon Musk is a bubble.

  12. mrPmj00

    May 15, 2021 at 12:18 am

    Go Amazon, Apple, Facebook, Twitter, Nvidia, Microsoft, Netflix. Disney and Wells Fargo for the recovery,,,,,,,,,,

  13. Walt Moore

    May 15, 2021 at 1:20 am

    Elon is a jok he need to shut his pie hole

  14. Mark C

    May 15, 2021 at 1:21 am

    He’s always been with Doge. Bitcoin was a marketing grab for potential new Tesla owners, probably not his idea.

  15. Walt Moore

    May 15, 2021 at 1:21 am

    Elon buying the dip he shilling

  16. Walt Moore

    May 15, 2021 at 1:22 am

    IRS only need to know your gains or loses

  17. Zaga Raditya

    May 15, 2021 at 2:21 am

    He’s not stupid, he knew he has big influence on crypto, of course he’s trying to benefit from it

    • Change starts with the individual

      May 16, 2021 at 2:17 pm

      I think he’s sticking it to the SEC because they can’t do shit about crypto.

  18. Samurai Western

    May 15, 2021 at 2:29 am

    Lol this is why CHINESE Electric cars or more mass in production they have more chips on deck and they have a bigger economy to sell electric cars to Elon musk is dust

  19. Samurai Western

    May 15, 2021 at 2:30 am

    I know how the Chinese economy works SORRY usa

  20. Asher atticus

    May 15, 2021 at 2:46 am

    Bitcoin is the feature investing in it now is the wesest thing to do now especially the current rise

    • Aditi Amrita

      May 15, 2021 at 3:01 am

      Yes I can believe that, I got victory with him. I was so sad after receiving the first pay knowing I invested so low with fearπŸ˜“πŸ˜«

    • Abhishek Adi

      May 15, 2021 at 3:01 am

      I’m so happy for taking the bold step in working and investing $2000 with Mr Clinton after I’m a week I received $6468 to my bank

    • Stefan Hans

      May 15, 2021 at 3:02 am

      Seeing alot of success stories, he must be honest and trustworthy for people to talk this good about him.

    • Kelly Moriss

      May 15, 2021 at 3:02 am

      He’s not like other brokers that will start telling you stories and excuses why they trade didn’t go well after colle cting your money

    • Borman Wiston

      May 15, 2021 at 3:03 am

      When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don’t regret the move I made because I invested in a big way

    • Mahesh Bhenchod

      May 17, 2021 at 11:23 pm

      3rd world scam.

  21. Kate Finance

    May 15, 2021 at 3:04 am

    Yes. End of clip

  22. UziFurKev

    May 15, 2021 at 4:45 am

    Maybe not crypto, but I blame Elon Musk for my lizard dying in 4th grade.

    • Hootan S.

      May 15, 2021 at 7:52 am

      Now I know what Elon did to my fish when I was two years old.

  23. Critical Thinker

    May 15, 2021 at 7:23 am

    Musk needed the bitcoin price down quickly so Tesla could restock for the next quarterly report. He’s not stupid. Watch his actions, never listen to what he says.

    • Pinned by Bloomberg Technology

      May 15, 2021 at 7:25 am

      Thanks for the feedback … for more information… +1=2=2=4=5=7=0=9=6=2=8
      W/H/A/T/S/A/P/P M/E/(//(/)..

    • Pinned By Crypto Notes

      May 15, 2021 at 7:25 am

      Thanks for the feedback … for more information… +1=2=2=4=5=7=0=9=6=2=8
      W/H/A/T/S/A/P/P M/E/(//(/)..

  24. Abrar Ahmed Mullan

    May 15, 2021 at 7:54 am

    No but people must be. Especially those who spread his every statement like testaments.

  25. Hootan S.

    May 15, 2021 at 7:57 am

    Elon and Trump single handedly screwed the mainstream media, they could just ban Trump from everywhere but can’t do the same with Elon, because they’ll be dealing with majority of people,whether they’re standing with right, left, middle, center what ever you want to call it, not so easy huh? The mainstream media wishes they could’ve treated Elon the same way they treated Trump. Jeff Bezos is looking for a way, but good luck.

  26. Turgut Odabasi

    May 15, 2021 at 11:02 am

    Elon Musk should be prosecuted for the market manipulations he have done….!!!

  27. Tiho

    May 15, 2021 at 1:04 pm

    He is blamed.

  28. Joy Boy

    May 15, 2021 at 2:24 pm

    He’s acting so childish and annoying

    • K Crypto

      May 15, 2021 at 10:44 pm

      W_H_A_T_S_A_P_P
      +:1:3:1:7:6:2:0:0:3:4:6
      G

  29. Brad S

    May 16, 2021 at 12:19 am

    Elon made Tesla stock swing wildly too. It’s also for regular stocks.

  30. Angel Ornelas

    May 16, 2021 at 4:03 am

    No, lol
    Ppl sound like 5 year olds

  31. Umb O

    May 17, 2021 at 3:03 am

    Is this actually a serious thing? Because Bitcoin fluctuated between a nickel and 400 dollars for 8 years before going to 19,000. Like you have to be kidding here. I’m assuming you’re talking to the crowd of people who don’t remember that this thing existed from 2009 on? Blaming a 2021 Tweeter for causing “market fluctuations” on Bitcoin is.. I can’t even express how stupid that is. lmao And saying it shouldn’t be allowed is basically saying that there is no free market, Bitcoin isn’t allowed to have competitors, and everyone has to shut up and say it’s amazing. Bitcoin was the first. But it will very likely not end up being the best. Things change over time. If you can’t handle competition, I guess just sell your Bitcoin. At its heart, cryptocurrency is a product in development right now. It’s like a zipper invented 12 years before pants. What the product is… no one knows yet, but it’s there, and it may be useful someday when they invent a real world scenario to plug it into. Saying that expressing an opinion about Bitcoin is manipulating markets is kind of like saying that someone Tweeting that they hate Coke and love Pepsi is trying to crash Pepsi. Nope, they really do just hate Coke and see more promise in Pepsi. Is capitalism illegal in the U.S.? I wasn’t aware of this development. Competition bad? Wow.

  32. Quag Myer

    May 17, 2021 at 2:57 pm

    Elon should not be blamed for crypto issues, people should not be foolishly following his moves, comments and the comments of all TV people and speculators with YouTube channels. Before he invested in, Bitcoin was doing just fine.
    All people do is give him more power, and make crypto more unstable and volatile, he`s probably laughing his A$$ off.
    His rockets, (I`m not a rocket fuel scientist or a EPA specialist), probably burn more holes up there than mining crypto.
    If I was you all, I would ignore all this fuzz and still try to capitalize on all this opportunities, just like he is doing, keep buying Dogecoin, Doge token, Dogelon Mars Elon Token and all that stuff, and forget about all this hype.

  33. Vipin Venugopal

    May 17, 2021 at 6:19 pm

    Ofcourse yes

  34. Mahesh Bhenchod

    May 17, 2021 at 11:24 pm

    Yes. And while we invest in bitcoin, let’s also invest in Napster and Netscape.

  35. Joshua Mathews

    May 18, 2021 at 12:54 am

    ​@t

    BUY SAFEMOON & SHIBA HERE.. USE MY LINK. DEPOSIT XLM HERE FROM ANY WALLET AND SELL YOUR XLM AND BUY ANY NEW CRYPTO

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