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Musk pumped Dogecoin as a joke to prime media radar for Tesla's bitcoin purchase disclosure. It was in effect a bitcoin pump with dogecoin as a media lure, wh
by ChainOfFools 6y ago
Musk pumped Dogecoin as a joke to prime media radar for Tesla's bitcoin purchase disclosure.
It was in effect a bitcoin pump with dogecoin as a media lure, which given Musk's ability to command attention was nearly as effective e (for TSLA) as pumping bitcoin directly, but without breaking any SEC rules.
- Arubis 6y ago"Without breaking any SEC rules" seems like a perfectly good reason not to indict.
- gamblor956 6y agoRight, but a "pump and dump" scheme requires two things which Tesla/Musk did not do: make knowingly false statements of fact about Dogecoin or Bitcoin, and a "dump" of the assets at inflated values (as it appears that Tesla/Musk still retain their previously announced Bitcoin holdings).