The Dark Truth Of Elon Musk: Bitcoin, Stocks & Dogecoin!

It’s about time we had a chat about the unpredictable billionaire, Elon Musk. Over the past month or so he’s been sending the Stock and the Crypto markets haywire!

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January:
Elon came out swinging and began 2023 with a bang by changing his Twitter bio to Hashtag Bitcoin. This simple change caused the price of Bitcoin to sore by over 20% making it nearly $40,000.

He also influenced the stock market, a picture is said to speak a thousand words and that was true when Elon tweeted a photo revealing the new top of the range Tesla known as ‘The Model S Plad’ that would begin shipping next month. The entertainment system within this new Tesla has an integrated gaming computer that was capable of playing the yet to be released ‘Cyberpunk game’. As soon as this photo hit the internet the cyberpunk’s stock price reacted violently, rising by 13% in just one afternoon.

I’m sure you have already heard of what happened towards the end of January… This is when the world went crazy for GAMESTOP, and people made some crazy profits.

Of course, once the almighty Elon Musk caught wind, he tweeted ‘GAMESTONK’ with a link to the original WallStreetBets post, further fuelling the already insane rally!

February:
Elon continued to make waves in February when on the 8th, Tesla announced they had invested $1.5 Billion of their cash reserves into Bitcoin. Just one day later on February 9th, 2023, Bitcoin had jumped from $38,000 to over $47,000 per coin.

March:
Early on in March, Elon posted a short but sweet tweet, letting his nearly 60Million followers know that ‘Doge’ Spelled backwards was ‘Egod’. This tweet quickly gained traction across Twitter & other social media platforms, driving the price of the meme coin from 5cents to 8cents a coin.. Now I know this may sound small, but that’s a 60% return, but this was nothing compared to what was about to happen…

But in March it wasn’t dogecoin that you could buy a Tesla with it was actually bitcoin as they finally accepted it as a form of payment. This was fantastic news for people holding onto Bitcoin, as for the currency to really prosper, it needs to become widely accepted. Tesla’s announcement only caused the price of Bitcoin to increase around 5%, however, this is still extremely impressive for 24 hour period.

April:
When the Dogecoin craze was beginning to settle, Elon put out a single tweet reading… ‘The Dogefather, SNL May 8’.. This got people really excited as Saturday Night Live is a popular, main stream TV show. A positive mention from the widely respected Elon Musk on national television could finally push Dogecoin up to the elusive $1 mark, and allow it to become a household name.

On the days leading up to Elon’s appearance on Saturday Night Live, the Doge rally began to pick up some real pace, climbing from 27cents to 64cents moments before the show aired.

The 8th of May came and went and unfortunately for Doge investors, after no real positive mention of Doge on SNL, the price shortly dropped over 50% to below 40cents.

Elon & Tesla drop the biggest bombshell yet on May 12th, announcing they would no longer be accepting Bitcoin as payment for their vehicles, this was due to their concern over the increasing use of fossil fuels for Bitcoin mining.

What made this announcement even more mind blowing, was that the price of Bitcoin fell 5% within minutes of the post going live. This news accompanied by rising inflation caused a huge Crypto & Stock sell off.

June: That brings us to June the 1st, which was when the popular Crypto trading platform ‘Coinbase’ finally announced that Dogecoin was available to trade on their platform. I can’t help but wonder how much more impact Elon could have had if Coinbase was accepting the currency earlier.

My Opinion:
Jumping on the next ride to the moon with no understanding of what you’re investing in is a recipe for disaster, unless you’re one of the lucky ones. The strategy I have followed which has made me a multi-millionaire has never involved following the crowd. I carry out my own research & consistently invest in a wide portfolio of stocks.

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*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

The Dark Truth Of Elon Musk: Bitcoin, Stocks & Dogecoin!

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Kane Dane