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Bitcoin Moves by Elon Musk and Other Famous Investors and Institutional Companies


Elon Musk, the name that many of us follow and know, causes new movements in the crypto money exchange with every share. Musk, who actively uses Twitter, is a complete Dogecoin fan. In line with the decisions and market comments that it constantly changes, it can upset the balance of the cryptocurrency exchange. Elon Musk’s Bitcoin al sat and Doge’s shares are met with great reactions from investors.

Elon Musk’s Bitcoin Indecision

Musk is actively involved in the market with his statements. The biggest factor that has been on the agenda lately is the indecision about Bitcoin. In his statement, he stated that Bitcoin will not be used in the purchase of Tesla vehicles, claiming that it harms the environment. This situation had a great impact in the market. Because of Musk’s statement, Bitcoin lost 10% of its value. Moreover, this situation caused a decrease not only in Bitcoin, but also in Tesla’s shares.

Now, Elon Musk will have changed his mind that Bitcoin payments are on Tesla’s agenda again. According to his latest statement, he announced that when the rate of clean energy use in crypto money production reaches 50 percent, he will continue to use Bitcoin again. After this positive statement by Elon Musk, the market was positively affected by this situation and experienced an increase in Bitcoin.

The fact that Musk changes the Bitcoin market with every statement he makes causes people who buy and sell Bitcoin to react to this situation.

Musk and Dogecoin Manipulation

Elon Musk, who we know that you are a complete Dogecoin fan with his statements about Dogecoin, still manages to stay on the agenda with his latest statements. Recently, Dogecoin had seen its historical peaks thanks to its cryptocurrency manipulations on Twitter. However, this situation drew a lot of reaction from investors. Because these rises are not permanent, investors who entered Dogecoin at the top suffered a great loss.

The memecoin Shiba coin, which is similar to Dogecoin, is also highly influenced by Elon Musk’s statements and reveals similar graphics to Doge.

It is known that Elon Musk has done the same manipulation on Tesla shares before. As a result of these manipulations, the US Securities Commission closely followed Elon Musk. If the course of the investigations takes a long time, it seems quite possible that there will be decreases in the market again.

Does Elon Musk Have Bitcoin and Dogecoin Existence That Nobody Knows?

It is known that Elon Musk invested $ 1.5 billion in Bitcoin for Tesla’s sales. However, apart from these investments, it is not known whether he personally has BTC or Doge. The community, on the other hand, thinks that Musk is not limited to this investment, but has his own Bitcoin and Dogecoin assets. We know that Elon Musk has 0.25 BTC as a gift, but there is a very strong possibility that he will have more Bitcoins behind closed doors.

General Motors Leaves Bitcoin to Users in Vehicle Sales

While Tesla suspends its Bitcoin-related payments, another Bitcoin-related attack came from General Motors. The CEO of the company, Mary Barra, gave the green light to Bitcoin by saying, “We can follow such a path in line with the demands of our customers,” when asked if you would consider selling vehicles with Bitcoin in a television program he attended. At the same time, it announced that they plan to make an investment in electric vehicle sales until 2025. General Motors CEO has previously stated that he is not considering investing in Bitcoin.

The automotive industry will be following the developments in the crypto money market closely, so Mary Barra has changed her mind and decided to evaluate the demands from customers. In line with the incoming requests, General Motors will be one of the companies that use Bitcoin for car and service fees.

This situation actually What is bitcoin begs the question again. Because one of the purposes of Bitcoin’s emergence was to replace national currencies. The fact that General Motors gave the green light to this situation after Tesla shows that Bitcoin is slowly approaching its target.

Elon Musk and Jack Dorsey Face off for Bitcoin

Jack Dorsey, CEO of Twitter, introduced the community called “B World” on Twitter to inform people in detail about Bitcoin and eliminate misunderstandings. According to this, Elon Musk immediately tweeted “two enthusiasts” in reference to Dorsey. Dorsey, on the other hand, challenged Musk to attend the event, saying, “We can share all your curiosities.” As it is known, Elon Musk was going to use Bitcoin in the sale of Tesla, but he gave up on it due to the damage it caused to the environment. The purpose of establishing the B World community is to inform investors correctly about Bitcoin and to enable them to engage in informed discussions about Bitcoin. In line with this invitation, this duo will hold an important event on July 21, 2021. It is a matter of curiosity for everyone how the markets will react after this event.

Big Move for Kids from Los Angeles

The USA came to the agenda with news that will make the crypto money world happy. Cryptocurrency education will be given to children between the ages of 5 and 17 at the summer camp to be held in Los Angeles. The highlight of this camp, which will last for 5 days, will be Bitcoin. Children will be informed on many topics such as Bitcoin mining, blockchain technology, cryptocurrency trading. The interest in the camp called Crypto Kids Camp is huge. Important brands did not spare their support for this camp. While the camp was going on, the result of the survey conducted by Well Fargo, one of the Financial Companies, surprised everyone. According to the results of the survey, most of the children aged 13-17 have more knowledge about crypto money than their parents. As a result, the power of social media has proven itself once again in terms of information.

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