Whether it's going on"Saturday Night Live" and joking that dogecoin is a"hustle" or having his epiphany that bitcoin mining may not be great for the environment, Musk's behavior has cryptocurrency bulls wishing he would stop tweeting and focus more on building cars instead.
Investors and analysts are particularly irked by that all cryptocurrencies have been rising and falling with bitcoin and dogecoin — in part due to Musk making flip-flopping remarks about them. Some crypto investors are also annoyed, to put it mildly, that a comment from Musk can move prices so wildly.
Musk also responded to a Twitter follower on Saturday who asked him:"what do you think about the peeps who are angry at you because of crypto?" Musk said that"the true battle is between fiat & crypto. On balance, I support the latter." Marchesoni urged long-term investors, the so-called HODLer faithful, to tune out Musk and focus on bitcoin, ethereum and other prominent coins like cardano and XRP.
Source: Digital Coin News (digitalcoinnews.net)