Known for his controversial, mysterious and prophetic tweets, Elon Musk remains one of the most influential people in the cryptocurrency industry.
Bitcoin Prophecy: Dr. Manhattan
Every share and action of Elon Musk has an impact on the cryptocurrency market. While the tweets of the world’s richest man are sometimes seen as metaphors, sometimes they can have a deep symbolic meaning behind them. The cryptocurrency community has drawn attention to two interesting posts that may signal the start and end of the bear market in Musk’s posts. On November 13, 2021, bitcoins While trading at nearly $70,000, Elon Musk made a mysterious tweet that didn’t contain any details. Musk shared a photo of famous cartoon character Dr Manhattan sitting on Mars staring into the abyss. After this article, Bitcoin lost almost 50% of its value in less than three months. The cryptocurrency market, on the other hand, has globally lost billions in value. Musk’s followers didn’t notice anything unusual about this post and suggested that the entrepreneur just shared a character he liked.
On May 28, Elon Musk shared a similar photo of Dr. Manhattan staring at the camera. Some investors, who found Musk’s sharing of the same persona mysterious, claimed that Musk was hinting that the bear market might be over. Bitcoin’s 5% rise this week has created excitement in the market. However, despite a successful launch, bitcoins has not yet increased enough to envisage a full recovery. BTC has not even been able to break the consolidation point that has formed since early May. It may be unrealistic to say that Musk’s post will mark the start of a major bull run in BTC. However, it wouldn’t be a surprise for a successful investor like Musk to give mysterious messages.
Musk’s ‘recession’ warning
Lloyd Blankfein, former CEO of Goldman Sachs and now the bank’s senior chairman, warned of an impending recession. Blankfein said companies and investors should prepare for this difficult process. The official added that it was a “very, very high risk”. CEO of Tesla and Spacex Elon Musk drew attention to the same risk.