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06 August 2021
05:48 hour

Crypto: Elon Musk breaks up with bitcoin? Cryptic tweet has some crypto bulls fearing the worst

Market Watch

04/06/2021 - 04:45

Crypto bull Elon Musk on Thursday evening issued a cryptic tweet that many in the crypto world were interpreting as the billionaire's breakup with bitcoin, the world's most prominent digital asset.


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  1. Cryptos: Bitcoin bulls on social media reject Musk’s reasoning for halting crypto-based car sales (13/05/2021 - Market Watch)
    Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk's crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to "rapidly increasing use of fossil fuels" mining the digital asset.
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  2. Crypto: Elon Musk is ‘definitely too influential on Bitcoin prices’ says head of crypto hedge fund—but that may change (04/06/2021 - Market Watch)
    Elon Musk caused more calamity in bitcoin price action late Thursday and into Friday, leading at least one crypto hedge-fund manager to describe the Tesla Inc. CEO and prolific tweeter as “too influential on bitcoin prices.”
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  3. Crypto: Elon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest’s Cathie Wood thinks it’s ‘brilliant’ (25/06/2021 - Market Watch)
    Bitcoin bulls Jack Dorsey and Elon Musk agreed over Twitter to discuss the world's No. 1 crypto at a coming event next month and ARK Invest's Cathie Wood declared the idea “brilliant.”
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  4. NewsWatch: Elon Musk is ‘definitely too influential on Bitcoin prices’ says head of crypto hedge fund—but that may change (05/06/2021 - Market Watch)
    Elon Musk caused more calamity in bitcoin price action late Thursday and into Friday, leading at least one crypto hedge-fund manager to describe the Tesla Inc. CEO and prolific tweeter as “too influential on bitcoin prices.”
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  5. Crypto: Musk says Tesla sold about 10% of bitcoin to test market, and will ‘resume allowing crypto transactions’ when 50% of miners are green (13/06/2021 - Market Watch)
    Prices of the world's No. 1 crypto on Sunday trade sharply higher after digital-asset bull Elon Musk says Tesla would resume allowing transactions at the vehicle-maker's stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources.
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  6. Cryptos: Bitcoin rises as Elon Musk says, ‘I might pump, but I don’t dump’ (21/07/2021 - Market Watch)
    Elon Musk sends bitcoin and other crypto prices jumping Wednesday as he participates in a panel discussion.
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  7. Cryptos: ‘A total make-or-break for dogecoin,’ says one crypto investor as Elon Musk prepares to host ‘Saturday Night Live’ (07/05/2021 - Market Watch)
    Elon Musk is a rallying point for dogecoin holders on sites like Reddit, and his coming appearance on 'SNL' is a hotly anticipated moment inside and outside crypto markets, which had previously centered on bitcoin and Ethereum, the two largest cryptos in the world.
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  8. Cryptos: ‘A total make-or-break for dogecoin,’ says one crypto investor as Elon Musk prepares to host ‘Saturday Night Live’ (07/05/2021 - Market Watch)
    Elon Musk is a rallying point for dogecoin holders on sites like Reddit, and his coming appearance on 'SNL' is a hotly anticipated moment inside and outside crypto markets, which had previously centered on bitcoin and Ethereum, the two largest cryptos in the world.
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  9. Does Elon Musk purposely manipulate the stock and crypto markets? (13/05/2021 - Reddit Stock Market)
    I am quite new to investing in the crypto and stock market, and I am surprised at how one individual can manipulate the market so drastically. Is Elon Musk manipulating the market for personal gain? It is clear to me that Elon Musk has a great impact on how people invest, and what he says and does affects both the crypto and stock market. Am I wrong? It seems to me like he had a huge part to play in the recent dogecoin rise, and fall after SNL, and I wonder if he personally profits by this? Surely he is a smart guy who realises that what he says will affect how people invest. And then with todays announcement about Tesla not taking BTC till they find a more sustainable way of mining it........ Seems like this move could be part 1 of another smart play in crypto... Perhaps he already knows which crypto Tesla will adapt instead of BTC .. I love Elon. My two questions are - - Does he make trades based off what he says and does. - Is he allowed to do this.   submitted by   /u/updawg_1992_SL [link]   [comments]
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  10. Crypto: Elon Musk may be losing his sway with dogecoin investors—but Baby Doge Coin is soaring (01/07/2021 - Market Watch)
    Elon Musk could be perceived as starting the second half of 2021 where he started the first six months of the year: making passing references to crypto like dogecoin.
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  11. Cryptos: Dogecoin, bitcoin prices climb as Elon Musk solicits help to improve meme coin, talks sustainability with miners (24/05/2021 - Market Watch)
    The crypto community has felt whipsawed by prominent technologist Elon Musk and that is not likely to change this week, with the Tesla CEO saying that he's working on two efforts that could be read as bullish in the longer term for dogecoin and bitcoin.
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  12. Cryptos: A bitcoin battle of the billionaires ensues as Jack Dorsey faces off with Musk on ‘green’ merits of world’s No. 1 crypto (15/05/2021 - Market Watch)
    Two of the world's most prominent billionaires Tesla Inc.'s CEO Elon Musk and Jack Dorsey are facing off over the merits of bitcoin, with the future of the world's No. 1 crypto likely hanging in the balance.
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  13. With Just One Tweet, Elon Musk Blew Away $ 365 Billion In Crypto Market Capitalization (13/05/2021 - Reddit Stock Market)
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  14. Cryptos: Use dogecoin to buy a Model Y? Elon Musk wants to know if Tesla should accept the crypto (11/05/2021 - Market Watch)
    Crypto bull and Tesla Chief Executive Elon Musk, appears to be toying with the idea of allowing customers to use parody coin dogecoin to purchase products at the electric-vehicle maker.
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  15. NewsWatch: Crypto winter? Bitcoin lurches to lowest level in months and alts like dogecoin sink 48% from peak (13/05/2021 - Market Watch)
    Is an new crypto winter upon us? It's impossible to know for sure but digital assets are in the midst of a significant decline on Thursday that is taking most prices back down to their lowest levels in months, and it isn't just comments from crypto bull Elon Musk sparking a bearish tone in the sector.
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  16. Cryptos: Crypto winter? Bitcoin lurches to lowest level in months and alts like dogecoin sink 48% from peak (13/05/2021 - Market Watch)
    Is an new crypto winter upon us? It's impossible to know for sure but digital assets are in the midst of a significant decline on Thursday that is taking most prices back down to their lowest levels in months, and it isn't just comments from crypto bull Elon Musk sparking a bearish tone in the sector.
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  17. Crypto vs stocks and crypostocks (23/07/2021 - Reddit Stocks)
    Anyone care to share an opinion on this matter? Was looking at some Crypto values and noticed this article by Forbes https://www.forbes.com/advisor/investing/top-10-cryptocurrencies/ Basically some of these coins have really gone up in value in short time. For example Dogecoin going up 160,000% over just 4 years. And BNB (Binance Coin) going up 350,000% over just 4 years as well. Comparatively $AMZN has gone up ~210,000% since IPO but that took almost 25 years. Then there is this situation with stocks that are related to Crypto. For example $COIN is a crypto exchange platform. So when crypto picks up or drops, stocks related to it will fluctuate as well. Interestingly this company Binance seems to have a strong market share for the crypto exchange platform market. And then you have to factor in which crypto itself is the one that will take hold. For example Bitcoin has been somewhat of the dominant crypto for a while. But others are popping up that offer distinctions compared to bitcoin. IE some have a lower carbon footprint per transaction, some offer additional security or functionality measures. And since Crypto is so new, who knows if any of these have truly cracked the code for creating the best possible crypto and the crypto that will be mainstream in another 10 years. Crypto has been tanking. But Elon saying that Tesla might start accepting Bitcoin again. Musk and Dorsey had a friendly debate or more like a conversation about cryptos. And I think $TSLA themselves have a decent investment in crypto holdings. So yeah just looking for some inputs on this. Do you guys see cryptos going back up? If so which ones? Do you see Binance achieving monopoly as a crypto exchange platform? Do you see more money in stocks, cryptos or a cryptostock like $COIN? Just wondering, I'm a bit stoned and curious at the moment.   submitted by   /u/PaleontologistWest [link]   [comments]
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  18. Crypto: Dogecoin meme crypto Shiba Inu scores modest fillip from Elon Musk Twitter mention (25/06/2021 - Market Watch)
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  19. : Tesla stock and bitcoin drop after Elon Musk says car sales with crypto will be halted due to energy usage of mining (13/05/2021 - Market Watch)
    Tesla Inc. will halt sales of cars using bitcoin due to the effects on the environment mining the cryptocurrency can have, Chief Executive Elon Musk said Wednesday, and prices of Tesla shares and the cryptocurrency dropped immediately after.
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  20. Bitcoin plunges, crypto world erupts as Elon Musk questions energy usage (13/05/2021 - Seeking Alpha)

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  21. What Do Crypto Experts Say About Elon Musk's 'Turn Away' From Bitcoin (14/05/2021 - Reddit Stock Market)
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  22. Bitcoin bombshell: Crypto king may pole vault to eye popping $400k mark this year with over 6x growth (11/04/2021 - Financial Express)
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  23. NewsWatch: Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’ (08/05/2021 - Market Watch)
    Elon Musk is a rallying point for dogecoin holders on sites like Reddit, and his coming appearance on 'SNL' is a hotly anticipated moment inside and outside crypto markets, which had previously centered on bitcoin and Ethereum, the two largest cryptos in the world.
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  24. NewsWatch: Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’ (08/05/2021 - Market Watch)
    Elon Musk is a rallying point for dogecoin holders on sites like Reddit, and his coming appearance on 'SNL' is a hotly anticipated moment inside and outside crypto markets, which had previously centered on bitcoin and Ethereum, the two largest cryptos in the world.
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  25. NewsWatch: Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’ (07/05/2021 - Market Watch)
    Elon Musk is a rallying point for dogecoin holders on sites like Reddit, and his coming appearance on 'SNL' is a hotly anticipated moment inside and outside crypto markets, which had previously centered on bitcoin and Ethereum, the two largest cryptos in the world.
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  26. Crypto: Bitcoin slides toward worst day in 3 weeks, leads crypto’s Friday skid along with stock market (18/06/2021 - Market Watch)
    Bitcoin prices on Friday slump, on track for the steepest slide in three weeks, with the decline in the world's No. 1 crypto coming in tandem with a retreat in the stock market.
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  27. Not just Bitcoin, Visa’s move to crypto-based settlements triggers price jump for Ethereum, Bitcoin Cash (30/03/2021 - Financial Express)
    Apart from Visa, institutions, and entrepreneurs such as Mastercard, BlackRock, PayPal, Square, Tesla’s Elon Musk, Jack Dorsey, and more have already been either engaging or dabbling with cryptocurrencies such as bitcoin.
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  28. The Tell: Elon Musk dubs himself ‘The Dogefather’ in SNL promo tweet, prompting real people to invest actual money in joke crypto (28/04/2021 - Market Watch)
    The Technoking of Tesla, Imperator of Mars and founder of the Boring Company has bestowed another meaningless title on himself.
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  29. The Tell: Elon Musk dubs himself ‘The Dogefather’ in SNL promo tweet, prompting real people to invest actual money in joke crypto (28/04/2021 - Market Watch)
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  30. Crypto: Bitcoin is legal tender in El Salvador. What does it mean for the broader crypto market? Some bulls think ‘it could be huge’ (09/06/2021 - Market Watch)
    Bitcoin is officially legal tender in El Salvador, a country in Central America with a population of 6.5 million and a gross domestic product of about $27 billion, as of 2019.
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  31. Crypto: A ‘bloody crypto’ Memorial Day weekend? Some bitcoin bulls are dreading the long U.S. holiday break (29/05/2021 - Market Watch)
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  32. Crypto: Bitcoin and Ether head for worst second-quarter on record for the world’s No. 1 and 2 crypto (30/06/2021 - Market Watch)
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  33. Elon Musk’s Influence In Crypto. Is Musk Endorsing Cardano (ADA)? (26/02/2021 - Investing.com)

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  34. Cryptos: A bitcoin winter ahead? Crypto expert predicts just that, but after digital asset hits $300,000 at end of 2021 (22/03/2021 - Market Watch)
    Bitcoin prices may be on track to hit $300,000 by year end, and then be followed by a dark period for crypto investors, according to one crypto expert.
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  35. : Tesla must rehire fired worker and Elon Musk must delete anti-union tweet, NLRB rules (26/03/2021 - Market Watch)
    The National Labor Relations Board on Thursday ordered Tesla Inc. to reinstate an employee it fired in 2017 and said Chief Executive Elon Musk must remove a three-year-old tweet urging against unionizing.
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  36. Bitcoin falls through $30K; can Elon Musk bail out the bulls tomorrow? (20/07/2021 - Seeking Alpha)

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  37. Cryptos: As dogecoin price tops 60 cents, Elon Musk says ‘please invest with caution’ ahead of ‘Saturday Night Live’ guest-host gig (07/05/2021 - Market Watch)
    Elon Musk has issued the crypto community perhaps a rare word of caution about dogecoin.
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  38. Elon Musk pushes Dogecoin’s price down; crypto declines to 50 Cents after Tesla chief explains what it is (09/05/2021 - Financial Express)
    Dogecoin’s prdeclined nearly 22 per cent during the early US hours on Sunday after Tesla's Elon Musk, the self-proclaimed ‘Dogefather’, replied that it is a 'hustle' on the SNL show.
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  39. Elon Musk’s fresh salvo at Bitcoin: ‘Not decentralised, Dogecoin is better’; sends Bitcoin tumbling 16% (17/05/2021 - Financial Express)
    Tesla chief Elon Musk’s latest Twitter duel has revealed more on why the world’s second-richest person and a Bitcoin believer till recently has suddenly turned against it.
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  40. Here’s how much Tesla’s Elon Musk owns in bitcoin now from only 0.25 BTC back in 2018 (21/03/2021 - Financial Express)
    Elon Musk had bought $1.5 billion in bitcoin in February this year that had renewed the argument around his priority to address climate change on one hand and bitcoin’s impact on the environment due to the immense energy required to mine it on the other.
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  41. What do you guys think about Bitcoin? How low do you think Bitcoin price will go?China government is cracking down on crypto mining. Bitcoin is not looking too good.My gut is telling me there's a bubble in the crypto market. From the looks of it, when (25/05/2021 - Reddit Stock Market)
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  42. Coinbase on Nasdaq: What the landmark listing means for Indian crypto startups, investors, ecosystem (14/04/2021 - Financial Express)
    The milestone would also allow crypto bulls to advocate even more affirmatively for digital assets' proliferation. Among the most prominent and largest crypto exchanges, Coinbase was launched in 2012 by Brian Armstrong.
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  43. Cryptos: Bitcoin, dogecoin lead wipeout of over half a trillion dollars in manic Monday for crypto (17/05/2021 - Market Watch)
    The air is leaking out of the crypto complex, led by sharp declines in popular trades, including bitcoin, dogecoin and crypto platform Coinbase Global on Monday.
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  44. Cryptos: Bitcoin, dogecoin lead wipeout of over half a trillion dollars in manic Monday for crypto (17/05/2021 - Market Watch)
    The air is leaking out of the crypto complex, led by sharp declines in popular trades, including bitcoin, dogecoin and crypto platform Coinbase Global on Monday.
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  45. Crypto: Bitcoin just broke below $30,000 for first time since January and ‘it is likely we may see more panic in the market’ (22/06/2021 - Market Watch)
    Bitcoin on Tuesday extends a persistent price drop that has pushed the world's No. 1 crypto to the lowest level since January, wiping out more than $1.3 trillion in market value for the broader crypto complex from a peak in May.
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  46. NewsWatch: Dogecoin meme crypto Shiba Inu scores modest fillip from Elon Musk Twitter mention (26/06/2021 - Market Watch)
    Meme coin Shiba Inu was seeing its prices buoyed, at least briefly, after a mention by Tesla Inc. CEO Elon Musk.
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  47. NewsWatch: Dogecoin meme crypto Shiba Inu scores modest fillip from Elon Musk Twitter mention (25/06/2021 - Market Watch)
    Meme coin Shiba Inu was seeing its prices buoyed, at least briefly, after a mention by Tesla Inc. CEO Elon Musk.
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  48. Cryptos: Elon Musk implies Tesla could dump its bitcoin holdings (16/05/2021 - Market Watch)
    Prices of the leading cryptocurrencies continued to slide Sunday, with bitcoin falling after Elon Musk suggested Tesla Inc. has sold or may sell its remaining bitcoin assets.
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  49. Need to Know: Forget the crypto chaos. Look at this underappreciated sector for stock market gains, says strategist. (20/05/2021 - Market Watch)
    Let’s block out the noise over bitcoin, Elon Musk tweets, and concerns about inflation and tech stock valuations. Check out energy stocks.
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