Topic: Will Elon Musk keep what he said or not? (Read 505 times)

Well, Elon Musk is a very influential person and whatever he has said on any social media platform can influence the mindset of the readers. Maybe we could say that this won't affect the price of Bitcoin but can't deny the fact that the number of followers who have been in the crypto space will also give impact the market trend.

Anyway, we're not sure if he is lying or not but he could do nothing to manipulate the price but for Doge, still he can.

Every information we get on the internet should become knowledge, but we cannot fully trust it before looking for the source of the truth of the information. The internet is moving so fast in human life and there are many sources that produce any news and if you can't verify it first, it's feared that the information you get will actually be misleading.

Every businessman definitely seeks to profit from the influence he has and Elon Musk is one of the many influential people in the world, so it is not surprising if something he talks about becomes a reference for several people, giving rise to market manipulation behavior. Bitcoin is not influenced by just one person regarding the rise and fall of prices because if that happened then maybe Bitcoin is not currently one of the best investments and you are right that when people start to understand Bitcoin then the belief in manipulation caused by Elon Musk will no longer have much influence.

It's all just an excuse for him to manipulate the market, not a reason worth considering. The news that bitcoin pollutes the environment is just nonsense reasons spread by people who are jealous of bitcoin. We don't need to worry too much about that.


If given the chance, I bet he will continue to repeat his manipulative behavior to make a profit. He is a businessman and profit is what he desires so there is no need to be surprised if it happens again. Personally, I don't care what Elon will do with the market because he can only manipulate it for a short time but not forever. I believe that at some point, people will no longer trust him and the market will no longer have any influence from him, just like how we eliminated China's influence in the past.

It's a nonsensical reason and bitcoin is always associated with environmental pollution because of miners, I have listened to this on several channels and even my rough calculations bitcoin is much more environmentally friendly compared to other power companies. There are many companies that actually damage the environment in this world, but because they pay taxes companies are never discussed regarding environmental damage.

I never care what he does and if he makes that impact that makes bitcoin go back up, why don't we think he will dump it again and bitcoin goes back down. The bitcoin cycle will continue whether there is Elon Musk or not, what we need to do is take advantage of whatever happens, whether positive or negative impacts caused by Elon Musk. The impact it produces is also temporary and is the same as other event processes that make Bitcoin rise or fall.

Totally lost its credibility? yes some sort of but not really that totally because there are still tons of people who do really that believe into its relevance on which it is really that something that the community is really that still eyeing on whatever words that would come out into his mouth.

Lets take for this as an example.
Elon Musk Declares The U.S. Dollar ‘A Scam’ Amid Fears Of $33 Trillion U.S. ‘Debt Death Spiral’ As The Bitcoin Price Soars
https://www.forbes.com/sites/digital-assets/2023/10/03/elon-musk-declares-the-us-dollar-a-scam-amid-fears-of-33-trillion-us-debt-death-spiral-as-the-bitcoin-price-soars/?sh=684634257d1a

Can we do able to point out that this news or sentiment didnt affect overall crypto market space?
It would really be that still relevant. It is really just that there are moments or conditions on which he turned out to be an obvious manipulator
but in overall his tweets and words that come out into his mouth would really be still that relevant.

He lost any credibility he had when one day he was supporting bitcoin wholeheartedly and the next day he changed his posture and not only he stopped accepting bitcoin as a payment option, he began supporting dogecoin, sold his bitcoin, and then he spoke bad things about bitcoin because supposedly it was bad for the environment, and while those that like meme coins in general still listen to him, the rest of the community has given its back to Elon.

It's not really about him or whether he likes or dislikes Bitcoin, but it's about his businesses and whether he will start accepting Bitcoin payments for his companies or not which will surely make a difference for the time being because Tesla is not a small company, it's one of the most popular car companies in the world and if they start accepting payments in Bitcoin and announce that for the public, that will surely help give Bitcoin a generous push towards the bull run.

And, if they also start accepting payments for SpaceX's Starlink, that will be like icing on the cake because it will make it a double surprise for the public, and that will spread a lot of positivity around the market and both retail and industrial investors will start getting more confident for their investments.

Earlier his statements had got importance. Now it is no more, as people have well understood about him. As said he's pure businessman who could go to any extreme for his betterment. Only good thing happened through him, good number of people holding dogecoin for long term got an opportunity to turn themselves millionaires through the price pumping happened because of his words. These people always try to make use of the market and we can follow him and try to make profit and shouldn't be reacting to his statements.

I agree with your opinion, he is not consistent with his promises because everyone can judge what he did before, when his goal was achieved to strengthen the bitcoin market price, he also issued a statement that bitcoin mining was not environmentally friendly which had a negative impact on the market. I have stopped following any crypto news related to Elon, I realized that the bitcoin market cannot be manipulated because without market support the price increases will not last long term, they will definitely TP at some point and the price will decrease again, so make sure the market increase is not caused Elon's statement or other figures because I don't trust that group.

Nobody knows if he will keep his word or not. Besides being a businessman, he is a speculator. This kind of person is very likely to lie in order to reach his personal goals. Don't put faith on him or on any other whale. When you do this, you are expecting Bitcoin to become an hostage of those people, so when it's interesting for them, BTC skyrockets, and when they don't want anymore, BTC crashes. Bitcoin has to be independent and non-manipulable by figures like Musk.

That’s not really true. He isn’t just one guy. He has several multi-billion dollar companies and an army of supporters that is growing by the day. He has the power to get Tesla to accept BTC, and he and his companies could buy potentially hundreds of billions of dollars worth of BTC. That alone makes him arguably more important than a Bitcoin spot ETF approval.

I wonder why this article to have been published just 5days ago from thread creation to have been so when, we are expecting a halving in months.
What could have been the plan? If any.

Well, I think anyone in the cryptospace wouldn’t look towards what Elon Musk has yo say or not. He might be the world’s richest man for his ideas and choices of investments but, having to follow him up on every shit he flushed down the toilet isn’t what any wise person would be doing after his scandal at the time.

He’s a business man and as such, you could expect him to create wealth using whatever means, even as statements and truths be told, he could as well withdraw his statements and nothing would change for him.

Don’t be hinged on that and have no expectations from Musk.

It would be always his main priority on which it would really be just that so normal that he would really be definitely be going with the profits rather than with the tech itself but who knows if he would really be that tending to maintain out his stance through Bitcoin and would really be still that positive and sticking out on what he do have in mind? Selling out? They have already done that but we wont know if they would really be making out some buybacks if ever the time comes. Speaking about on doing such action then it would be his choice on what he would do. He's definitely wary about
on market condition or situation in regarding things but pretty sure that he wont really be completely leaving this tech knowing about its relevance but we know that he do really bag off some altcoins in the market which he might considering on choosing rather than with Bitcoin.

Elons actions is really that totally random and cant really be known but we know that these fellas would really be sticking into their own decisions whether it would really be going against or go along with the communities preference or not. He wont care about those decisions whether it would be affecting the market overall or not as long he would really be able to take advantage then
this what matter most for him and wont mind on what the community sentiment would be looking like.

I think Elon Musk is only reliable when you challenge him in such issues. If he is notified with the latest report I think he may announce accepting Bitcoin payments again. It would be definitely cool boost to Bitcoin s price in such bear market times. But I would rather see Elon Musk doing something ridiculous about Bitcoin, maybe even beyond accepting Bitcoin payments - like he announcing buying Bitcoin directly just before bull run starts. Would be perfect!

The question is if he is still able to remember it unless it was written and published in the newspaper. But it doesn't matter because Bitcoin will rise without Elon Musk. We can't deny his influence in social media and in business society but we must think on the other side that the crypto market will survive and continue to grow without the participation of any big names and influencers. It was not the hype that would bring Bitcoin's price high but it was the trust and our continuous support.

I don't think that Elon musk is fully in support of bitcoin, because I said so because it is him that accepted or introduced bitcoin as a payment method, but the way I'm seeing everything right alway if Elon musk uses bitcoin as payment method right now it will not be less than two days you will see the price of bitcoin accelerate to a point many people will be surprised of bitcoin increment. I hope we are aware that  Elon musk have its coin it promote, the coin Elon musk promote is not an ordinary coin but basically on a doge coin, but it's obvious that if he accepts bitcoin back to his tesla company as a payment method it will help to skyrocket the price of other altcoins.  Because when bitcoin  lacks increase or bullrun in the market other coins have deficiency in growth, so his to increase it most pass under bitcoin bullrun. Its very clear that bitcoin is the main and fathers of all coins and without it green colour in cryptocurrency market chart other coins will not have the dominance of been accelerate in the market.  In summary, if Elon musk today embrace bitcoin values that means bitcoin price will increase and it be above fifty five thousand to six thousand [55k-60k] in value.

1.I'm 99% sure that Elon Musk won't keep his promise. He probably forgot about this, or he never had any plans to keep this promise.
2.Even if Tesla accepts BTC payments, do you really believe that thousands of crypto supporters will buy Tesla cars with their BTC? I don't think so. The 2021 price pump was simply a FOMO phase, created by the hype around Musk and Tesla. Every trader was like "Elon is tweeting about Bitcoin. The price must go up. I have to buy BTC now." This created a huge price bubble. I'm sure that the amount of people, who bought Tesla cars with BTC back in 2021 is insignificant.

The first thing to avoid is not believing what Elon Musk says even if it is proven. Because we are not the ones who will reap profits from their actions which have an impact on the market according to their wishes, remember, it is not our wishes based on Bitcoin adoption. Even without Tesla accepting Bitcoin payments, I think Bitcoin will remain as bullish as it should be. Instead of continuing to be a follower of Elon Musk, why not build a portfolio according to your understanding. So you see, Elon Musk is an entrepreneur and he won't care about what doesn't work for him. Bitcoin is only used as an excuse to attract attention. The latest news, if I'm not mistaken, is that Tesla is selling some of its Bitcoin, which has an impact on market prices. Have you ever noticed how they don't care about the purpose of Bitcoin? Elon Musk is just playing around to fulfill his ambition to remain a person who gets attention on social media.

Personally, I still think that Elon still maintains his stance in favor of bitcoin or the cryptocurrency industry. He is a technology lover so he will not ignore these new technologies, but profit is still what he always puts first.

Speaking of Tesla accepting bitcoin again, I have my doubts about that too. But if we talk about X(Twitter) accepting bitcoin and doge in their payments then I wouldn't be surprised. Social network X has a large number of users who are cryptocurrency investors, so integrating bitcoin into X will be much more suitable and perfect than Tesla.

Perhaps this will be a series of reasons why Bitcoin is poised for a bullish market trend in the near future, coupled with the news of its halving event. Relying on the price movement driven solely by one individual could render the market rather inhospitable. This is an inevitable reality, as Elon Musk holds considerable influence, and the world still values his opinions regarding Bitcoin, thereby rendering Bitcoin's price highly susceptible to anything he utters.

Our role here may merely be that of candlestick chart enthusiasts. Speculation and discussion are the most logical activities for us, while individuals with significant reputations attend to simpler tasks, such as shaping the world.

Elon doesnt matter, he is just one guy.   Always was true, the Bitcoin effect is not one person and I dont think he is pivotal.  Nothing to do with liking or disliking him, even when BTC was doing very well and he was helping its hype perhaps I'd still have said the same.  It dont matter, we are hoping BTC is part of the world from the smallest people to the largest perhaps but its really only about the general dynamics true.  If he doesnt see its of any benefit thats his own problem to handle, love to hear he has ideas and innovation but I never really read anything interesting in that respect.

what people are seeing here is the hype in the market if tesla will accept btc again. but yeah, i can agree that if amazon will start accepting, that's a very good boost to the btc market, as it encompasses a large population of online shoppers. this situation, i guess, will happen sooner or later. so long people are trying to get involve in this market, adoption will continue to increase.
we can't rely on elon's words here. after all, he is a businessman. he will say what he thinks is favourable to his business.

To be fair that wasn't really a bad decision, if you are going to end up selling your bitcoins to purchase something as huge as twitter, that is a good decision to make and I wouldn't be against that to be fair.

However, he ended up making the company a lot worse and that does sound like there is a little bit of a problem with it. I get that we are talking about a huge company and it's definitely a strong candidate but that doesn't mean that we have to consider the purchase good automatically, because he ended up buying the company to make them worse which results with making that a bad purchase. If he sold his coins and bought twitter and made it a great company that is profiting insanely well then I would have understood it.

I doubt that they will accept bitcoin again, I mean they did if I'm not mistaken, but suddenly, Elon change his stance and go against bitcoin and then uses Doge as another crypto to hype and that's what happen.

And then later we find out that he sold or at least his company sell their stash of bitcoin in order to buy Twitter this year. Anyone, for me Elon is just a foregone conclusion in bitcoin, and we shouldn't trust this guy again as he has his own narrative behind his so called pro-Bitcoin stance years ago.

Besides would Tesla accepting bitcoin again change anything at all? If Amazon accepted bitcoin that would be a game changer as literally overnight we will be able to use our bitcoin to buy in one of the biggest centralized marketplaces that exist with millions of products, but when it comes to Tesla what else do they have to sell other than overpriced cars? To me it makes no difference if they accept bitcoin or not, and I am sure many other people are in the exact same position.

Of course not, when have you seen him keep any sane promise, he would probably do something insane and people would say "you won't do that I bet" or something like a wager and he will do it, but when he makes a promise he won't do that for sure. Dude just wanted to give a fake reason to remove it but the reality is that it was a financial hell, accepting bitcoin for 100+ billion dollar company is not simple, amazon tried to do the same and decided not to very quickly. You would require a whole another division of accountants just to take care of the bitcoin parts, along with few lawyers at least to handle all the legal parts of the deal as well. No need to do something so silly just to accept bitcoin.

That's what still makes Bitcoin good for many people to hold and own even though Elon Musk may not be so openly expressing his preference for Bitcoin except for other cryptocurrencies. Because if Bitcoin prices can be manipulated by people like Elon Musk, that won't be good enough for everyone who still likes holding Bitcoin because we have to follow Elon Musk's wishes. So I assume that with Elon Musk failing to create the kind of price manipulation he wants in Bitcoin, it is still very good for Bitcoin and its users forever.

Correct, this isn't new information regarding mining operations. I doubt that Elon is going to bother accepting Bitcoin payments for Tesla, and to be honest, I couldn't care less. He did enough damage in the previous years with his messing around, causing chaos, especially with Dogecoin; I doubt that too many people still take him seriously, at least for cryptocurrencies. Even if he actually reinstates Bitcoin payments, I'd be skeptical if it was another attempt to mess with the market, something he's done quite a few times in the past. On top of that, I haven't seen him bothering too much with cryptocurrencies in the past year or two; thus, I doubt that he's ever going to be involved anytime soon.

As a Billionaire then you wont really be that caring about on what are the things that would come out on your mouth and who the hell are you people would really be judging him to be a liar or would really be getting imprisoned basing up on what he had said or simply with those opinions back in the past? There's no such thing about agreement that had been signed up for him to be jailed and it is true that he would really be getting those dislikes and criticisms instead but we know that it isnt really that much of a concern whether he's that getting that kind of thing when it comes to popularity that being affected because he would really be still remaining to be a billionaire.

Even into common people on which we do really have the right on saying our opinion whether it would be good looking or totally that opposing on what the community sharing up on the same idea or impression.
There's always those side will really be going against with your words and this is something not that really shocking. In regarding about must whether he would be keeping up his words or not
then it would really be entirely be depending on him.

In the real sense, one person can't control the price of bitcoin to soar or not, no matter how influential the person seems to be.
Bitcoin can't be a business venture that one can decide what direction he wants the price to go. This is what Elon Musk fails to understand that bitcoin is not what he can manipulate its price to whichever way he wants for a long period of time.

Well, when you have that much controversial things to say in anything, you are going to face a lot of backlash from it as well. I get that he is free to say anything, that's what free speech is in its core, he is allowed to say whatever he wants, but that doesn't mean that he is going to be jailed for saying things, he just going to get disliked for saying things, and he can't stop people disliking him, nobody is forced to like him at all.

This means that if he says stuff that will make people dislike him, then the yare going to be equally free to say whatever they want back at him regarding his opinions as well, free speech goes both ways. This is why I believe that we are going to end up with a lot of trouble on the long run.

This creates a big impact for bitcoin and its price but thinking that Elon was the one who hyped it, he will also be the reason of its downturn later on. That’s how Elon effect has established in the crypto market. However, this is just a wild guess based from the past hypes made by Elon. Probably, if it’s not Elon, this positive news might definitely stay for good.

It is up to Elon to fulfill his words or even break them. I didn't put much hope in Elon for a long time and if indeed the market will move quickly because of Elon's tweets, that's good so I can take my share of the market. But if Elon reneges on it and causes the market to get worse, I'll take part too.

The important thing is that after you track Elon's tweets and can predict what will happen, you have to be ready in the market in the next few hours or days. This is done so you can get a place or position to act, whether selling or buying Bitcoin. Don't be late if you want to do something.

Many other reasons could make Bitcoin strengthen again and not just because of Elon. But it is true that Elon can make the market move, but we must remember that he is a businessman who wants to profit from what he says.

Elon Mask has been an influencer in cryptocurrency since its inception. Although he is directly involved in cryptocurrency. But sometimes he makes various comments for which he has to face criticism again and again. When he started accepting Tesla payments in Bitcoin naturally positive sentiment was created in crypto and stopped accepting Tesla payments in Bitcoin again when he was worried because Bitcoin mining was not environmental. But currently, if he thinks that mining is environmentally friendly at the moment, then he can accept payment through Tesla again. As he is a big trader he must keep a close eye on the profit and loss. It's not like he'll do what he's told naturally, especially for trading business. Because no one will keep his word only by harming himself. But since he is a big businessman and a celebrity too his words must have some specialness.

Tesla accepting Bitcoin again does not mean that the price will rise unless this is accompanied by investments in Bitcoin. They have already sold about 75% of their stake and now is the time if they want to buy. I expect that if they think about buying, they will buy in the fourth quarter of this year or the first quarter of Next year, the announcement will be either in March of next year or June, so nothing will change until the end of this year at least.

Elon Musk does not care about clean energy, and if he wanted a justification for continuing to accept Bitcoin, he would find it.

I have removed that thought already that we should be dependent or interested still to whatever Elon Musk says and promises. It's clear that he's just all for the clout and he's chasing it wherever the community that he goes and tells that will certainly have an interaction on him and his companies.

He's winning on this strategy and whether it will be a news that Tesla or any of his companies accept Bitcoin or started to invest again on it. One thing for sure is that they'll wait again for the right time until it dumps again.

The guy is a manipulator and people still don't realize it because we're blinded on how successful he was and his companies. Let alone Bitcoin grow on its own because no matter what he says, there will be other factors that will make Bitcoin get up and fly to the sky.

Elon musk at this time seems to have move on from Bitcoin since Bitcoin have become so expensive and scarced for him fo accumulate a huge sum and making attempt to either pump the price upward or downward depending on the direction he will want the market to go so as to feed his bags fat with more BTC as a business man.


But Bitcoin seems to have gone above that stage were a sigle whale can manipulate the market in whatever direction their wish, and on a contrary Bitcoin os not same as dogecoin which he was able to take over the coin market reactions and if Elon musk should make any announcements in whatever direction concerning Bitcoin,  it wont have any long term impact on the market and if there be any impact at all, it will be a short-term price impact.

The man is the owner of that company anyway, so I don't see how Bitcoin could have benefited at all from the fact that that company still left it as a means of payment, because what is the percentage of people who use BTC as a currency, and especially those who would bought an expensive car with the same?

My opinion is that it would have been better if Bitcoin had never found itself in the same sentence with that company, because apart from having a small pump, the long-term consequences were (and still are) extremely negative.


He should have ended up in prison back in 2018 when he manipulated his company's shares, but he paid a fine and settled with the SEC and received a suspended sentence. Such a man can hardly end up in prison, because he is a state actor who receives billions of dollars in incentives for what he does.

I like Elon because of the way he made money and became the richest person in the world at a relatively young age compared to other billionaires.  but I won't believe anything he says, especially when it comes to money because he will never care about anything other than it will benefit him.  he is also using bitcoin to make a profit for himself, he really has no intention of helping the bitcoin revolution, IMO.  I follow him because he can manipulate the market from there, if can catch it in time I will also have some profit from it, doge is an example.  Also, don't believe anything he says.

I think the hype of the news about Tesla accepting Bitcoin if the electricity use for mining is 50% green energy is just for publication.  For whatever its worth, I believe the news had already served its purpose.  I do not think that it will cater that hype anymore whether Tesla will accept BTC as payment or not.


Same thought here, Elon's Musk reputation isn't that as high as before.  People are now used to the stunts created by Elon Musk one of the major reason why his influence diminished.

Oh, maybe I've read wrong about Musk stepping down as the CEO of Tesla. I don't know about the manipulation of the market but if that's what's happening again then one thing that we can do is to just save of fiat and wait for them to sell their bitcoin like what SpaceX did recently and then buy bitcoin when the price goes down because of them because bitcoin will eventually bounce back even if there's market manipulation.

Even if Tesla started accepting Bitcoin again I doubt it would have the same impact it did in 2021. The perception people have of Musk has changed significantly since he started embracing controversial political beliefs. Since his takeover of Twitter he has caused it's value to decline dramatically by making changes that the majority of people don't really want. Even after adding Dogecoin support to the Tesla shop a few months ago it's price remains down over 90% from it's all time high. Clearly his influence doesn't really matter much anymore.

I think he is pretty much done with bitcoin and the proof is how he sold all of Teslas bitcoins about a month back. He knew that pretty much half of the energy was clean but he sold it anyways.

He has too much on his plate. Especially with running twitter and Tesla, SpaceX, etc. So I don’t think he will bring back Bitcoin payments for Tesla autos. However he might add bitcoin tipping or payments on X using the lightning network. That would be more useful.

This is so true. We in the crypto community already know him too well. Currently, it doesn't matter what he thinks or does, most of us have already accepted that he wields the power to influence the market temporarily. And if he eventually decides to start accepting bitcoin as a form of payment again, we won't be taken unawares by the sudden rise and sharp decline in the price of bitcoin.

It's not only about Elon; it's about Tesla as well. Being one of the major car manufacturers, their involvement in the bitcoin marketplace is a significant event. They can introduce many possible utilities of bitcoin into their platform as their major concern about bitcoin has been resolved and all the major players are coming to the market, so they don't want to fall behind, I think.

Elon should be in jail for manipulating the price. Because of his dirty game, another shit project shiba inu, and pepe occupay raised millions of dollars from the market, which should have gone to bitcoin and other major markets that have real value.

It is unbelievable that the members of this forum still want Mr. Mars to do something about Bitcoin, and he has already done so much bad PR with his moves. The problem is not only that he first thought of Bitcoin as something positive, and then changed his mind for no reason - but that with his decision he influenced others and thus led them into the delusion that BTC mining is something that destroys the world - while in at the same time, I guess we should believe that all his companies have no impact on the environment.

The best thing is that this man never touches anything related to Bitcoin again, although my opinion is certainly not shared by the tens of millions who worship him for reasons known only to them.

It doesn’t really matter what Elon says or does really. We have been using over 50% renewable energy for mining for a long time now. I think the FUD he was spreading during the last bull run that seemed to cause the price to dump coincided with China clamping down on bitcoin.

The price dumped hard when China banned bitcoin, it was probably nothing to do with Elon. So in essence who cares what TESLA do, how many people bought a TESLA with bitcoin any way, probably less than 100.

Yes, Elon Musk is still the CEO of Tesla, SpaceX and X (Twitter). I feel he is again trying to manipulate the Bitcoin price, which means he is trying to manipulate the market. If he starts accepting Bitcoin then we can expect a Bull run of some sort before the halving. If he is bluffing then the market will remain the same till halving and then we could see Bitcoin price going in upward direction. I stopped following his sudden burst on Twitter after he started promoting shit coins. 

Elon Musk is a businessman so his orientation is always profit, if he continues to do what he says will make a profit, of course he will do it, but otherwise don't expect him to do it, because what he has in mind is how to make his company grow, not how Bitcoin get advantage from his effort.
But with the community support going so far, does Bitcoin need him? I do not think so.
Those who need him are traders/speculators to hype because it can be profitable for traders and long-term holders will always focus on Bitcoin's development in the long period, not daily.

Is he still the CEO of Tesla? I don't think that he is anymore so I don't hold out much hope that they would be accepting bitcoin for purchases but maybe there's a possibility that they will since Tesla has their bitcoins so I am sure they want to make some profit out of that. Cybertruck hype isn't that big anymore, and in terms of how futuristic it looks, I disagree that's a futuristic aesthetics, if you've seen the game Cyberpunk, you would agree.

We have discussed about this few days ago and this was my reply if I should not repeat myself:


Like I always said, we do not need Elon Musk. Bitcoin need people, not a single person. After bitcoin decreased in price at the time when Tesla no more accept bitcoin for payment, the price of bitcoin later increased to all-time-high.

Elon Musk is not the only one who is in charge of Tasla; as such, he has limited power over things that he can just wake up and decide for the company. It might appear that he does that more often, but there are also some executives who should also support his decision before they can take any of his words into consideration. Looking at what happened back in 2021 after he sold out their bitcoin holdings, using the mining energy is just an excuse he wants to give to the public to justify their reason for selling off their bitcoin holdings.
 
This time it appears that the high energy that bitcoin is consuming has been reduced to the minimum, and I can bet it that he won't make any move to grab back their sold bitcoin in a hurry. Even if he wants to buy back those bitcoins or start accepting bitcoin again, it won't be in this hurry. This guy is just after what can make him and his company richer and not what can benefit bitcoin or make the public feel better. He says whatever he likes and does whatever will favour him. He is a real businessman and a corny one for that matter, so let's just expect the least from him and move on.

Definitely positive news but I have noticed that the Elon Musk effect is short term because it's usually speculative in nature which losses momentum quite easily,and at the moment we don't mind small or big wins as this counts as a win for the crypto market.

Maybe, as some say here, they may not really care if Elon Musk fulfills that or not; they don't care. Although somehow it will still have an impact on raising the value of Bitcoin, Even if we say that there is another community in crypto who is annoyed with him, But for sure, Elon is not able to raise the value of Bitcoin by 50%; maybe that's not the case.

Then the question is also there: maybe the only thing that will happen is a temporary increase in the price of BTC in the market, but it will not continue. Maybe what happens there is just a pump and dump, but if that's the case, it doesn't matter what happens.

Rather than expecting that, I'll just continue what I'm doing to accumulate in other cryptocurrencies while we're still bearish for now.

You couldn't have analyzed it better! I'm fed up with the way Elon Musk just has to manipulate the market at will just because he can. Well who cares if he will keeps his promises or not? He's a businessman and if conditions are not favorable for him, he'd break them and put up some lame excuse that the media and the public would eat up.

I sort of don’t think he will accept Bitcoin. Not because he doesn’t want to but because I think the Tesla board won’t be happy about it. I am holding out hope though that as a gimmick when releasing the Cybertruck, he will accept BTC for purchases of it. Given how futuristic the Cybertruck is, I think it would be a perfect match.

He was also posting dimond hands right before he sold his bag...
According to his tweets, one of the richest people in the world, CEO of a public company with one of the largest capitalization in the world, first buys bitcoin, then accepts it in Tesla and then does research and finds out that it is not green
then stops accepting payments and then sells the bag XD Is this what the richest person does when making financial decisions? his tweets have little to do with reality.

And thats how market works on which into those people who do have that reputation and popularity could really do whatever they want. Like it or not which it would really be making out some effects on the entire market

specially if those sentiments would really be attached on Bitcoin or with some crypto related news or events which its not really new anymore.Somewhat not all happenings or events would really be having that significant effect towards the price because there are really moments on which you would really be able to see that it didnt really make a dent or effect. It would really be entirely be depending on the community or people
around because if people would really be finding out that Elon did say such thing but turns out to be a bluff then it wont really be hurting that much. If he would go true into his words then there would be some pump
but i dont expect that it would be much which as been said that once it pumped and people around get hyped then dumping do starts once again.

It is really just that a simple cycle where it would really be that so normal that people would really be taking out actions basing on what they are seeing and basing on what the people around been
hearing in regarding sentiments or market news.

Bitcoin mining is proven to be over 50% green for quite some months (it may be more than a year) and Elon didn't move a finger on the matter.
I don't know what you people expect. These rich guys say what suits them best, not what is real. And also do what helps them, not you or us.

I don't care whether he will keep his promise or not. If he doesn't keep it, I don't think it will have many consequences for his public image either.


Yes, and it will surely be a temporary pump that if Musk decides to stop accepting bitcoin as a form of payment again, for whatever reason, he can come up with another one, and we will have a dump again.

That's why I say that I don't worry about what he wants to do or not do, although I know that it has a clear influence on the price of bitcoin in the short term. You have to forget about swings like this and bet on the long term.

If there is an effect, it will likely be like one of those "announcement pumps" where it will just be a temporary price pump. It would undoubtedly be good news in general, but in the grand scheme of things, it will end up just being a nothingburger — like any other 'news' like this.

If you remember, in 2021, this was one of the reasons why BTC rallied when Tesla accepted Bitcoin for payment. But this is also the reason why the price of Bitcoin fell in the market when they also removed it as a payment method. And the reason for Tesla at that time was that Bitcoin mining was not environmentally friendly.

But now, because of this article from 5 days ago, over 50% of the energy used for Bitcoin mining now comes from renewable sources. Because Elon Musk mentioned in 2021 that they will only accept bitcoin for payment again "once miners were using roughly 50% energy sources" with a positive future trend.

That said, Bloomberg analyst Jamie Coutts, CMT,


Over 50% is said to be the energy source used in Bitcoin mining, which means this is positive news for bitcoin. Because if Elon Musk fulfills his promise that Tesla will accept Bitcoin again for payment, there is a very high chance that the price value of Bitcoin will rally due to the strength of Elon Musk's influence in an industry like this. Is that the type of tweet that is positive for Bitcoin? Even if it's just a short post, it has a big impact on the market, and he has seen and proven that in Dogecoin and Shiba Inu before.
So let's just watch out for Elon's tweets so we can track the trend.