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Is Elon Musk hyping Bitcoin in Twitter and in parallel buying it, market manipulation?

• Robotbeat 6y ago
  On the contrary, he’s pointing out how even a meme currency has significantly better features than Bitcoin. It’s weird to me to buy that much Bitcoin, but accepting it as payment makes sense as a lot of tech savvy types may hold a lot of Bitcoin and want to buy a Tesla. It may make sense as a sort of digital inflation hedge. Inflation is a reasonable fear when the economy is still supply constrained and is getting a bunch of stimulus (stimulus which I support FWIW). EDIT: But generally speaking, financialization can crowd out more productive uses of time and resources, and I often considered Tesla an exception to that where they’re building and investing in physical, useful things. I hope they get back to building out charging stations (with solar), factories, maybe even lithium mining, etc. Financial stuff should be done to facilitate trade and physical investment. When it goes beyond that it can be a net drain on the economy.