Jump to content

Do we really care what Elon Musk ‘has to say about Bitcoin anymore? - Piracy News and Crypto Updates - InviteHawk - Your Only Source for Free Torrent Invites

Buy, Sell, Trade or Find Free Torrent Invites for Private Torrent Trackers Such As redacted, blutopia, losslessclub, femdomcult, filelist, Chdbits, Uhdbits, empornium, iptorrents, hdbits, gazellegames, animebytes, privatehd, myspleen, torrentleech, morethantv, bibliotik, alpharatio, blady, passthepopcorn, brokenstones, pornbay, cgpeers, cinemageddon, broadcasthenet, learnbits, torrentseeds, beyondhd, cinemaz, u2.dmhy, Karagarga, PTerclub, Nyaa.si, Polishtracker etc.

Do we really care what Elon Musk ‘has to say about Bitcoin anymore?


Recommended Posts

Published By Lavina Daryanani 
 

The crypto market, at present, has placed itself in a zone where the tweets of so-called influential people have started impacting its price movements. Just by “randomly” tweeting something, can these widely-followed individuals gain control of the market movement?

Tesla’s Elon Musk has been one among the few influential people who has been exerting a considerable impact on the price of Bitcoin lately. Commenting on this very slippery slope on a recent podcast, Dan Held, the Growth Lead at Kraken said, 

“It’s supremely disrespectful. We embraced him [Musk] with open arms and he kind of just trashed it… It felt very “trolly.” It was just ridiculous.”

Expressing his disappointment, Held further went on to assert that there was hardly any insight into Musk’s actions. Podcast host, Peter McCormack, on the other hand, propagated that other people from the industry including the likes of Adam Back deserved to influence the markets than “morons” like Musk. 

Further supplementing the aforementioned perspective, Held stated that the Tesla exec was merely “lucky” to have impacted the market. He said, 


“Bitcoin is bigger than Elon. Bitcoin is bigger than anyone else. The market now knows that he’s just jerking around. We don’t really care about what Elon has to say about Bitcoin anymore.”

Held, additionally, endorsed that the future of Bitcoin should be decided by the consensus of the entire network, instead of a small, wealthy, and hugely influential committee. He also propagated that such events made Bitcoin even more “anti-fragile.” Commenting on the same, he said,

“Well, these big folks who come in and swing around are going to lose influence pretty fast.”

Further disregarding the ‘Bitcoin Council’ idea, propagated by MicroStrategy’s Michael Saylor and Elon Musk, Held affirmed that he “fundamentally” did not agree with the idea of the same. Commenting on the recent Bitcoin energy debate fuelled by Musk, Held advocated that Bitcoin was doing a “phenomenal” job and did not have to defend its own energy consumption.

“We should push back the narrative that Bitcoin is wasteful or dirty. It’s completely ridiculous and a double standard narrative.”

At the end of the day, Musk may come and Musk may go, but Bitcoin will go on forever!

Link to comment
Share on other sites

Avoid unnecessary posts such as 'Thank you', 'Welcome', etc. Such posts will be deleted and user will be warned if it happens again. If caught spamming, the following actions are applicable -

  • First time - Warning
  • Second time - 5000 Points will be deducted
  • Third time - Ban for 7 days
  • Fourth time - Permanent Ban

If the post helped you, reward the user by reacting to the post like this -

1.jpg

Link to comment
Share on other sites

The last post in this topic was made more than 14 days ago. Only post in this topic if you have something valuable to add. Irrelevant posts are not allowed and you will be warned/banned for spamming old topics.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Read this before posting -
  • Only post if you have something valuable to contribute.
  • Avoid unnecessary posts such as 'Thank you', 'Welcome', etc. Such posts will be deleted and you will be warned if it happens again.
  • If the post helped you, reward the user by reacting to the post like this -                      1.jpg
Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Customer Reviews

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.