Elon Musk’s Market Manipulation – Cam Paul
I’m sure you’ve heard of cryptocurrency and I’m certain you’ve heard of Elon Musk (the Tesla man) but did you know Elon manipulates his twitter posts to benefit his cryptocurrency investments? No, neither did I…
Doge coin, created of the popular meme of a dog pulling a questioning look to all those whose feeds he has inevitably popped up on. How has Elon Musk used this cute adoring dog I hear you ask?
Well, Elon Musk likes to use twitter in clever ways to help promote the coin. For example mystic Musk will buy lots of the coin at a very low price, then tweet about it, therefore raising the price and the value of his initial investment. With Elon Musk being worth 201.2 billion dollars, people all around world will firstly follow him on Twitter and then attempt to follow his actions to get rich quick. This is how he uses his following for his own financial gain.
Well, the currency of doge coin is bought online, it today costing $0.2536 and Musk has over 2,500,000 DOGE. This is the equivalent to $634,000 or 158,500 big macs as the business department does love McDonalds. If the coin was to be frantically tweeted about by Musk and rise by 70%, his investment would now be worth $1,077,800. This shows just how the richest man in the world earns his pocket money. This may just be a large hype over nothing, a glimpse into the future of currency or simply a rich chap having his fun.
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