Cryptocurrencies on the rise after Elon Musk’s tweet

After Elon Musk’s tweet, cryptocurrencies started to rise again. It is alleged that the richest person in the world can interfere with cryptocurrencies.

Elon Musk, who has made a name for himself with his recent debuts on crypto money, is facing manipulation charges.

His last post on Twitter was an alien avatar. These different tweets of Elon Musk continue to confuse.

Alien Turned Back

Cryptocurrencies on the rise after Elon Musks tweet 2

Elon Musk surprised everyone with a post he made about 7 months ago. The post he shared on the famous billionaire twitter account was about a blue alien sitting alone on mars.

This tweet, which he shared on November 13, 2021, received thousands of comments in a short time. However, the main event takes place in the developments after this sharing.

After November 13, there was a big drop in cryptocurrencies. Notably, the value of a decentralized virtual currency like Bitcoin has dropped from $60,000 to $27,000.

Although no one thought of Elon’s tweet in the following 6 months, a few careful investors must have engraved this article in their minds.

Alien Shows His Face

Everyone knows that Elon Musk’s posts about cryptocurrencies are usually in Dogecoin, Bitcoin and Shiba Inu. But can the Billionaire influence the cryptocurrencies that the whole world focuses on with just his tweets?

This very controversial claim is hidden in the two pictures above. On Reddit, British and Turkish social media users made a very controversial claim.

The face of the photo Elon Musk shared earlier was not visible, and after that, cryptocurrencies rapidly depreciated. Almost 7 months have passed since the first post and the same photo was shared again. However, this photo contained a change compared to the first photo.

Here is the point that everyone should pay attention to, the face of the alien is seen in the second photo. About 2 days after this sharing, all cryptocurrencies started to gain value.

You may be surprised, but really, 2 days after this sharing, cryptocurrencies started to rise on all exchanges. These cryptocurrencies include many currencies such as BTC, ETH, AVAX, SHIBA, ADA.

‘Manipulation’ reaction to Elon Musk from economists

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It is a known fact that Elon Musk, one of the richest people in the world, is fond of cryptocurrencies. Making statements about many cryptocurrencies, Musk also said that he recently started digging for Dogecoin.

Musk, who made Dogecoin suddenly take wings, made the real big blow with Bitcoin. As it is known, Tesla, owned by Musk, recently announced that it invested $ 1.5 billion in Bitcoin. It was even stated that payment will be accepted with Bitcoin.

After these moves by Tesla, Bitcoin broke a record on record and exceeded the $ 50,000 level.

After Musk’s statements on Bitcoin and Dogecoin, Tesla’s enormous profit rate brought along manipulation allegations. Some high-level names claimed that Tesla was manipulating and therefore should be tried.

Musk had previously stopped selling Tesla cars with Bitcoin, and criticized Bitcoin for causing mining with non-environmental methods. These criticisms of Musk had reduced BTC, which was already in a downward trend, to levels of 30 thousand dollars.

Twitter in Now

Twitter investors announced that they are suing Elon Musk, who recently made an attempt to buy the social media platform, but later suspended the deal.

Twitter investors sued US billionaire Elon Musk and the social media platform, which suspended the $44 billion acquisition deal.

Investors accuse Musk of “false statements and market manipulation” and “creating chaos” at Twitter’s San Francisco headquarters, the BBC reported. Musk had Twitter offered $54.20 per share, but the share price is now 27 percent lower. Investors also say Musk made a financial profit by delaying announcing his significant stake in Twitter and his plan to become a board member of the company.

MUSK’S TWEETS ‘TRYING TO MANIPULATE THE MARKET’

The lawsuit states that the posts of Musk, who has more than 95 million followers on Twitter, are “misleading”. One of them is Musk’s tweet on May 13 in which he expressed doubts about the number of fake accounts and announced that he was suspending the deal to buy Twitter. Investors said that this post was intended to “manipulate the market” and that Musk “was aware of the existence of fake accounts.”

Frank Bottini, one of the lawyers representing Twitter investors, told the BBC that Musk “continues to malign” the firm to renegotiate the purchase price, which is why the lawsuit was filed. “The lawsuit we filed in San Francisco aims to hold Musk liable for his unlawful behavior,” Bottini said.

Experts state that Musk is trying to pay less than the $44 billion price he previously offered to buy the company. Speaking at a technology conference earlier this month, Musk implied that such a thing was possible, saying that it was “not impossible” to make a deal at a lower price.

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