05 Feb You know, if I was Elon Musk, and I had just deposited 26 billion into the crypto markets to buy some Bitcoin, then I would be pumping the fuck out of another sh*tcoin I have close 1% in right now to slow down the Bitcoin price surge while my 26 billion is still entering the market.
GreyScales CEO Tweeted at Elon to let him know he’s seen him on the markets buying up Bitcoin:
Yesterday, the CEO of Ridgecrest on MicroStrategies Bitcoin for Corporations conference yesterday said he has 26 billion in deposits on his order books entering the market. That would be just a bit over 10% of Elon’s net worth. Who knows though. I just know if I was entering the space in such a massive way and saw the price running away, then I would do everything to take attention away from it.
Furthermore, the timing of Elon’s tweets last night with the popping YouTube video showing evidence that he could be the 1 billion dollar sh*tcoin owner who pumped that market recently with a $700 million purchase of said sh*tcoin during its price run up.
If I was a billionaire worth $185+ billion trying to put in $26 billion into Bitcoin, then spending $700 million to pump a sh*tcoin to distract people from the coin I’m actually trying to buy is exactly the kind of thing I would do.