Anyway, we can't completely put the blame on Elon Musk and Tesla as we are all entitled to our own interpretation and deduction from his tweet neither was it an investment advice. We were all sucked into Musk's perception and involvement with crypto and as such, what he says now matters. Too bad of us.
If a mentally deranged lunatic can cause a 40% crash in Bitcoin prices just using his tweets, then the problem lies with us, and not with him. Panic selling has been the curse of Bitcoin for the past one decade. When will people learn to hold their coins? Look at the charts now. After crashing to $34,000 per coin, now the prices are slowly recovering. According to the coinmarketcap, the current exchange rate stands at $42,000 per coin. But those who dump their coins as a result of panic selling never learn. They will repeat doing that again and again.
Not him but us I agree to that statement! If there's none to follow him from each tweets he made then this venue of investment will continue to move up strongly.
It's really the problem since there are people who rely with someone and they are being quickly moved by influencers who claimed to have deeper knowledge from this industry.
Better to keep away from this kind of people to have a healthy invesment journey, success rely on you and not from somebody else.
People like Elon Musk shouldn't even try to make a fool of the investors. This is a serious market and people are losing a lot of money just because someone says bad things.