Elon is the biggest pump and dumper . His price manipulation has been extremely transparent this year. Remember a little while ago when he tweeted "hmm, bitcoin is looking pretty expensive right now." What would his motivation be for tweeting that? If you don't think he loaded up on the dip that came afterward, you're naive. He's transparently manipulating cryptos to make millions, and he's getting away with it. This will bring regulation eventually.
He has been doing that with stocks already and they haven’t really been able to do anything about it.
He did it with his own company's stock and got a slap on the wrist and removal from the board. Honestly the guy is a financial supervillain. The issue is the SEC nor the justice dept can do anything about it because crypto isn’t recognized as a security and therefore not regulated like securities in that manner - he can pump and dump all he wants.
I think He’s buying the dip and he’s gonna pump other Cryptos soon . It’s all a master plan to make billions. We gotta figure out what Cryptos he’s talking about when he says “We’re looking into more energy efficient Cryptos”
