If you ask me about that I will says there is a no doubt with that Elon musk is just an attention seeker on crypto And through those activities he is earning his profits. I think he is only looking at crypto for his profit. Yes but it is true that after Elon musk came to cryptocurrency development took place. But I think it has further confused the market situation. I think most people have already understood that he is only here to seek attention for his own interests.
Many of us make negative comments about Elon Musk but many of us don't know about his immense contribution to cryptocurrency. Everyone comes to the trading business to make profit but everyone won’t be success. Now Elon Musk is a role model in cryptocurrency. If you raise a question you will get answer that how did so many investors come to the crypto market today? He has also invested in crypto market. I consider him as a successful trader and businessman.
Most in the cryptocurrency space would say his contribution to it has been in the majority negative.
I believe he even recently stated that bitcoin was not going to last but at the same time said doge coin has potential.
This is pretty skewed thinking to a cryptocurrency enthusiasts.
Is he for crypto? We'll he's for making money, so he's more or less like 80% of crypto investors
Is he about the idea and concept of crypto? Again, he could be, but he's also more invested in his own project so crypto comes as an afterthought. Again, nothing that separates him from at least 80% of crypto investors.
Very true in this statement.
Most are into it for financial gain and nothing more. As it is a currency, and the more you have of it the wealthier you are.
That is pure economics.
Most crypto users have bad comments for Elon Musk. Due to its promotion Doge , SHIB by Elon musk, many people have experienced huge losses by holding SHIB & Doge tokens . Although many have made profit from here but the amount of loss is huge. I think Elon Musk is a greedy man. Who always thinks only about his own improvement
And that is exactly why most who have come to know about crypto hate him.
Because they invested into these coins (or the ones that have his name tied to them in someway or another whether that be by legitimate means or by nefarious ones) and have lost their funds or in some cases their lifesavings.
And you made a great point:
Elon Musk is a greedy business man through and through.
He's only looking out himself and what is in his best interests and nothing more.