In my opinion, Elon is taking advantage of his popularity since a lot of people watching him. Whatever he do and suggests, people will follow because they believe Elon. Elon is a smart person, and he knows what he is doing. Just like what happened in doge last 2021, the price has exploded because of him. He invested before the price of doge exploded and I'm sure he profited a lot. Because of that, it benefit both of his project and in the community of crypto. In other words, "two birds in one stone".
True. He can actually manipulate the market on however he prefer. Either with his money or with his reputation. It's a cool thing but could be dangerous when abused. IMO, he took advantage of his position and now making more profits because of it. He has so many followers that they would also invest on where he will go.
News came out about the X company in San Francisco.
https://www.cnbc.com/2023/07/31/elon-musks-x-corp-seen-removing-giant-glowing-sign-in-san-francisco-.html?qsearchterm=elon%20musk
Talking about reputation. Despite that, there are still people who will be up against him especially if it's wrong.
Twenty-four complaints have been initiated with San Francisco’s Department of Building Inspections, a spokesman said. Those filing the complaints said the sign was put up without a permit, is unsafe, and is a nuisance. One said that its flashing lights made it hard for residents to sleep.
Let them sleep Elon.
Here is Musk's response.
“San Francisco, beautiful San Francisco, though others forsake you, we will always be your friend,” Musk posted on X.
I am still waiting if Musk will try to inject cryptocurrencies in his new X company (formerly Twitter). It could boost the market of the industry if done right. They say the number of users went down because of the subscription payment but I do believe it's still a good platform for advertising business.
