Why the sudden change in Elon's POV on BTC?

Hello SPIer's. Today we look at possibly the biggest crypto troll that has ever existed. John McAfee shilling and trolling skills we were treated to during 2017 is nothing compared to how Elon Musk does it. The man runs 3 huge multi-dollar companies, is one of the richest men in the world and seems to spend a lot of time making tweet's about Bitcoin, Doge and whatever else he thinks is worth pumping.

At first, this is novel, he got high praise from the crypto community as his tweets were very bullish, he announced Tesla bought BTC and we thought this was the game changer crypto needed to start bringing in institutional money on a huge scale. Sadly this never happened and after a few months, Elon decided that Telsa could not accept BTC anymore because it's not a green energy crypto. It appears strange that a man of Elon Musk's intelligence to stop accepting BTC for this reason? When he invested $1.5 billion dollars in January, im very sure he knew exactly how much electricity the BTC network requires to run. Without looking into greener ways to mine BTC, Elon was also aware that BTC miners actively seek out unused power from the grid which would have otherwise go unused. Yes, electric companies produce more electricity than we need and because electricity is hard to store, it's mostly wasted. There is a surplus and BTC mining companies actively search for that surplus electricity. However, this is the public's view which is mostly, BTC uses way too much electricity and is very bad for the environment.

Telsa's main source of income is selling Carbon tax credits that they receive from the government for their clean energy innovation, not selling cars. The innovation Elon bought from the 2 founders of Tesla. Elon's bullish actions toward BTC over the past few months has ruffled a few feathers within the eco-friendly community and many speculate that Elon's recent change in tone is due to the growing pressure of a threat to Telsa's carbon tax credit income.

Elon is very aware that when he tweet's, people listen and the markets react. He is aware that he has helped toward losing millions of retail investors their money, we've all lost 30-60% of our portfolio's in the past 4-6 weeks since Telsa denounced accepting BTC. Elon's tweet's which were once loved and praised are now the complete opposite, cringly and result in crypto dumps. Recently promoting a token called cumrocket just shows how attention-seeking this man has become. When he sent out that tweet, what was the proposal? As one of the richest men in the world, it's hard to believe that he has any sort of monetary incentive are connection to the project so why promote a cypto called cumrocket? Just to get a reaction? Very trollish.

His image has been picture-perfect to date but cracks are starting to appear when Tesla workers were complaining about the hours and conditions they were forced to work. His companies are powered by mining energy from the ground whether that's lithium, nickel, cobalt and aluminium for batteries are oil for rocket ships. Many of these mining operations are based in Africa where child labour is used and we all know that producing rocket fuel is not evidently friendly. Telsa showing itself to be "Green" is very important to keep the credits coming in so the sudden change of heart is understandable and deflects from other things.

Personally, I like Elon Musk, you dont get to be one of the worlds richest men without getting your hands dirty and having to go back on things you said to keep your companies best interests (making money) at heart. His completion is catching up on him as every major car manufacturer out there is producing some sort of electric model. Soon the carbon credits scheme will decline and end and then Tesla will be 100% reliant on its cars/software/data and charging network sales which is not that much. Elon proved electric cars could be sexy, fast and long-range. Pioneer yes but he's no longer the only player in town.

Is the current crypto downturn because of Elon Musk? Prob not but this is the guy everyone is pointing the finger at. BTC and crypto had been on a great run for a few months and was due to a correction and the timing for Elon to stop shilling BTC and the actual crash will sorta tell the story we'll remember in a few years.

I personally im far more worried about Tether's $62 billion Ponzi scheme. That would be another post but when/if Tether ever falls apart, crypto winter will look like a walk in the park.

Im all full of conspiracies today for some reason. Here, the world is really flat and Chuck-e-cheese serve's Frankenstein pizzas. We're all being drugged through our food, controlled through media, Paul McCartney was replaced by a doppelganger in 1967 and the microwave was invented during WW2 to blow up living beings not heat your food. Black is really blue, your parents are really your older brother and sister and finally, the voice in your head is not you.

Posted Using LeoFinance ^Beta