Quote:
Originally Posted by Winsor_Pilates
I think the idea of Bitcoin being used for currency has largely passed.
Elon is just doing it to pump his holdings, both Bitcoin and Tesla. He's a master market manipulator.
The idea of Bitcoin as a gold like use case seems more prevalent and the reason for its large gains this year.
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If he wanted to pump his holdings why did he stop the increase after he bought them by tweeting that bitcoin prices were high? 10% drop after that on his 1.5b. Was he just testing the extent of his ability to manipulate it?