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I'm more cynical. It looks to me like basic manipulation of the market. Only possible due to 1. A lot of "dumb" money invested in crypto 2. Relatively small mar
by digianarchist 5y ago
I'm more cynical. It looks to me like basic manipulation of the market. Only possible due to 1. A lot of "dumb" money invested in crypto 2. Relatively small market compared to larger forex markets.
Wouldn't surprise me if Musk sold before making the tweet and bought after the drop.
- rchaud 5y agoHe could have done that by continuing to tweet random meme nonsense and not run afoul of the SEC. Getting Tesla to pile in on BTC makes it a potential regulatory issue.