Is Elon Musk Steering Cryptocurrencies?

Is Elon Musk, founder of electric car manufacturer Tesla and SpaceX, steering the cryptocurrencies?

Is Elon Musk, CEO of American space transport company SpaceX and electric car manufacturer Tesla, steering the cryptocurrencies? Every post of the famous billionaire causes a positive or negative effect on the markets. Here are Elon Musk's posts that upset the cryptocurrency markets.. Elon Musk posted the following on his Twitter account, "Dogecoin is the crypto money of the people." After this post, the cryptocurrency Dogecoin, known as "joke money", gained close to 70 percent. Later, Musk stated that he would stop using Twitter for a while. In his post on Twitter said, "I’m leaving Twitter for a while." After these statements, Musk caused active days in the crypto market.  

"I should have bought it 8 years ago"

Speaking to the Clubhouse, the famous businessman said, "I should have bought Bitcoin 8 years ago, I was late to the party." Musk also said, "It would be fun for Dogecoin to be a global currency," and noted that the leading cryptocurrency BTC is a good thing and he is a supporter. In addition, Musk put the Bitcoin tag and emoji in the biography section of his Twitter account last week, and the leading cryptocurrency gained 10 percent in value, seeing over $ 36,000. After this move by Musk, Bitcoin had experienced an instant 15 percent increase in London transactions. Musk, who shared the "Dogue" magazine with a dog on the cover, on Twitter early Friday, also caused the start of the Dogecoin rally. As a joke coin, Dogecoin gained 300 percent after sharing.  

He Asked About Converting Tesla’s Balance Sheet to Bitcoin

Elon Musk asked in a Twitter speech whether it would be possible to move Tesla's balance sheet to Bitcoin. MicroStrategy CEO Michael Saylor stated that his company should move its balance sheet to Bitcoin. Saylor said, "If you want to do a $ 100 billion favor to your shareholders, you should move your balance sheet from dollars to Bitcoin." He also said, "Other companies in the S&P 500 will follow you, and over time, this favor can reach up to $ 1 trillion." Musk asked if such a large transaction was possible, and Saylor said that it was possible, and said he bought $ 1.3 billion of Bitcoin in recent months and that he could share his tactics with him offline if he wanted.