“It’s not about the money, it’s about sending a message. Everything burns!” — The Joker

Most investors would kill for the kind of power that Elon has over markets. With simple tweets, he is able to move markets in a matter of minutes.

Not an investor, but an influencer. The supreme one. Tesla, Game Stop, and Etsy have all been on rollercoasters thanks to Elon’s tweets. Maybe the funniest of them all is “Use Signal”. Back in January 2021, in a bid against Facebook’s Whatsapp, Elon encouraged people to switch from the world’s most popular messenger application.

Investors listened like students in a class and bought in the first company named Signal. Little did they know that it had nothing to do with the Signal application, the intended receiver. It sent Signal Advance stock up 1,100% before coming down to pre-tweet prices.

“To be clear, I am *not* an investor, I am an engineer.” — Elon Musk

Although not an investor, he is no stranger to the stock market. And what happens when you play with it.

He constantly teases new technology for batteries and autonomous driving to be ready way before it actually is. In 2018 a Tesla was supposed to be able to drive itself from Los Angeles to New York. It’s 2021 and that trip still hasn’t happened.

Also in 2018, Elon has settled with SEC over allegations that he made false statements with the sole purpose to drive up Tesla’s stock price. He tweeted that is going to take the company private and he has the funding secured. After investigations, it turned out that Elon lied. This adventure has cost the company 40 million $.

Also, in theory, Elon’s tweets had to be pre-approved by Tesla’s lawyers. I say in theory because in practice this didn’t look like it happened.

Since the stock market is heavily regulated by the SEC, his attention moved to cryptocurrencies. This market is like the wild west with crazy volatility and no regulations. It’s the perfect ground to become the ultimate troll.

What followed next could become a great script for a soap opera. Over the course of three months, he broke up and made up with his “crypto-girlfriend seven times.

Just look at the chart. Is no wonder that he is one of the most hated persons right now in the crypto world. But beyond that, I’m wondering, what’s are his intentions?

I can’t understand the motivations behind these tweets. Back in February, he teased Bitcoin as the greatest thing since Tesla. And not 3 months later, he raised “serious concerns” about its sustainability.

How come he didn’t mention anything when the first intentions of investments were announced? Are we supposed to believe that he didn’t know back then? I find it impossible to believe, that one of the smartest persons on Earth at the moment didn’t know about Bitcoin’s energy consumption. (Which is less than the traditional banking system, but more when compared to other cryptos like Cardano or Nano).

If the environment is his true concern, wouldn’t he have made the research before the marketing? Or was it more like “let’s crush this party and see where it gets us”?

“The only sensible way to live in this world is without rules.” ― The Joker

And the ultimate joke is DogeCoin. That crypto has 0 added value. Its symbol is a meme. Why is he fueling money into it? Is it a vanity thing? Just to mess with people? To make a lot of money? Pump and dump.

Isn’t bad for the environment to focus energy on something destined to fail? I think all of that money and brain-power could help the world much more if he focuses on a crypto-project with good foundations (not necessarily bitcoin). This proves once again that he doesn’t necessarily chases a solid crypto-project. That is boring.

And you can say a lot of things about him, but never boring.

All the tweets in the world wouldn’t make a dent if no one was listening. But everyone goes to Elon like moths to a flame. And the market expects that.

This vicious cycle is hard to break. You have to take one element out. The easiest one would be to have Elon stop interfering. But that’s not going to happen.

So the next best thing is to control behavior. Even though we know and expect some things to happen, it doesn’t mean we have to act on them.

I don’t know. Certainly not the retail investors, as no one can predict his next tweet.

Maybe Elon. But I don’t think he stands to make money from them. He’s in the spotlight and any large sum of money coming his way would be easily discovered. Plus I don’t think he would risk his companies just for some money. There is something else fueling him. Maybe he wants to prove his influence over markets so he can use it as a bargaining chip in some other place. Or maybe is just some vanity thing. I lean on the last one.

At the moment I have more questions than answers. I wouldn’t buy anything Elon tweeted just because of that. Independent research and understanding of the business should be the founding pillars for any investment. Everything else is gambling.

Just like I wouldn’t trust the Joker to run a city, I wouldn’t trust Elon with my money. They seem to have the same emotional

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://mihai-sandu.medium.com/elon-crypto-joker-musk-a0c11277c533?source=rss——-8—————–cryptocurrency