The amount of control one twitter account has over the stock market is scary, it’s always been rigged in the favor of the bourgeois, but now Elon can effectively manipulate the market by tweeting some bs out, in order to reduce the value of certain stocks, then buy up those stocks, and raise them back up.
Remember Tesla itself has quite a lot of bitcoin stored(1.5 billion$ worth), he’s doing this so that they can make more profit in the future.
Definitely agree here! Convinced a lot of this is just him testing the waters to see just how much control he really has over these markets. I mean his ridiculous statement about how the power usage of bitcoin was such a cop out, if they truly cared about that (they don’t) purchasing and shilling bitcoin wouldn’t have ever even happened in the first. Though seeing the crypto people shit themselves over their rocket daddy has at least been funny
what were people’s life savings doing on the roulette table lol
if i didn’t want to loose my life’s saving i’d simply not invest in an extremely volatile market. idk much about investing but this is basically rule #1 or #2
