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After his recent pumping of BTC and Doge (which may even prove to be a contributory factor to this correction that is happening right now) how dare Elon Musk take the position he is doing on crypto and the environment. Added to this - as some commentators have said - the pure hypocrisy when thinking of how polluting his industries are - SpaceX and Tesla batteries come to mind.
I have frequently expressed concerns about how he as an individual has so much influence on the crypto-market. This is probably at least my third post on the subject as well as some additional Noise I have made too.
Is it therefore logical to assume that he is playing games to enforce a correction so he can buy at prices that his own actions have deflated?
Although it can't be, because of the nature of crypto-trading, if this was the regular market it would be defined as insider trading.
I originally posted this on Noise but thought it deserved a wider readership so I am sharing it here with some further embellishments.
Whatever you are doing please stay safe and well - although it might not feel like it (especially in places like India) the end of the pandemic is in sight as the vaccines are increasingly rolled out. Let's be patient for a little longer and not go too crazy with our restored freedoms. Just because the pubs are open we don't all need to go immediately - pace yourselves - it's not like we can't have a beer at home.
