Elon Musk’s reputation plummets following his Bitcoin energy attack

Tesla’s CEO, Elon Musk, is known to be an outspoken fanatic when it comes to Bitcoin, NASDAQ, and Twitter, but he’s recently been accused of going too far in his criticism of the cryptocurrency.

The most important thing is to not get sued. Unfortunately, this is not always possible. In July of 2018, Elon Musk was sued by a British diver named Vernon Unsworth. Unsworth is a cave diver and worked for SpaceX, and claims that Musk called him a “pedo guy” after he criticized Musk for his tweet about rescuing a group of boys trapped in a cave in Thailand. Unsworth, who is now suing Musk for defamation and false advertising, is claiming that he has lost money and has had to pay for expensive lawyers.

While it’s no secret that Elon Musk is a big Bitcoin fan (he has been since 2013, beWare), many are unaware of the fact that he has made a significant sum of money by selling an energy company he co-founded to the largest mining company in the world, Bitmain. On top of this, he has also been notorious for attacking large Bitcoin wallet holders, including Peter Rizun, who was one of the first victims. While many suspect Musk did this to instigate a Bitcoin price drop, he has since explained that this was not the case.. Read more about bitcoin climate change and let us know what you think.

Earlier this year, Elon Musk was considered a crypto hero after Tesla bought bitcoin for $1.5 billion. But according to the company that tracks sentiment, Awario, public opinion has since shifted in the other direction. The turnaround comes after Musk announced that Tesla would no longer accept bitcoin as payment for its cars. The now infamous tweet contained the environmental justification for this action. Tesla and bitcoin pic.twitter.com/YSswJmVZhP – Elon Musk (@elonmusk) May 12, 2021 Many saw it as an attack on the leading crypto-currency. Unsurprisingly, sentiment towards the eccentric billionaire has fallen to an all-time low. But how bad did it get?

Avario outputs

Awario’s data shows that tweets with a positive opinion of Musk hit a new low last month. This coincided with his withdrawal from bitcoin and the subsequent collapse of its price. Earlier this year, the number of tweets for and against Musk ran parallel. By May, however, the ratio of positive to negative sentiment had fallen by about a quarter, to its lowest level since October 2020, when Awario began tracking this metric. The positive/negative sentiment of @elonmusk on Twitter reached a new low after he announced that Tesla will no longer accept #bitcoin as a means of payment. This reversal caused a 35% drop in the price of $BTC and a wave of negative tweets. My latest work with @AwarioApp data: https://t.co/bFE24iYhIQ pic.twitter.com/RNqFuGGyg – Zach Guzman (@zGuz) 2. June 2021 At this point, neutral tweets about Musk were the largest category, accounting for 66% of tweets. This is followed by negative tweets, at 19.2%, and positive tweets, at 14.9%, in second place. Commenting on the situation, Ross Gerber, CEO of investment firm Gerber Kawasaki, warned that it was a risky strategy for Musk to manipulate the markets and play with people’s money. But I think it’s a very dangerous area for Elon when he inflicts losses on people, as he did recently, and it turns people against him and ultimately against Tesla, he said.

Okung tells Musk to stay in hisorbit

Gerber wasn’t the only one giving Musk advice. Former Carolina Panthers offensive guard Russell Okung has launched an ad campaign in which he takes the stage and suggests that musicians stay away from bitcoin and focus on space. The campaign will run for two weeks in Miami, Florida, coinciding with the Bitcoin 2021 conference being held in that city. And also on mobile billboards around the SpaceX launch pad in Texas and the Tesla factory in California. According to a press release accompanying the campaign, it is a friendly reminder to the public that Mr. Musk is relatively new to cryptocurrencies and should not be considered an authority on the subject. Image: ZephyrNet. Elon Musk’s reputation plummets following his Bitcoin energy attack Okung made headlines last year when he decided to receive half of his $13 million salary in bitcoins. The NFL pays all players only in U.S. dollars, but Okung’s arrangement was made possible by crypto-currency payment startup Strike, formerly known as Zap, which converted to bitcoin on his behalf.

Gaining an advantage in the crypto asset market

As a paying member of Edge, you have access to a deeper understanding of cryptocurrencies and context in each article. Chain Analysis Price snapshots More context Join now for $19/month View all benefits Elon Musk’s reputation plummets following his Bitcoin energy attack

Do you like what you see? Sign up for updates.

I’ve been following Elon Musk for years, and I’ve always been a huge admirer of the CEO of Tesla and SpaceX. … I’ve known that Elon has some political beliefs on Bitcoin, which I’ve written about in the past, but I didn’t realize that Elon has also been trolling Bitcoin Twitter with his “ElonCoin” jokes.. Read more about when will bitcoin run out and let us know what you think.

Related Tags:

bitcoin climate changewhat is mining bitcoin meanwho runs bitcoinwhen will bitcoin run out,People also search for,Privacy settings,How Search works,bitcoin climate change,what is mining bitcoin mean,who runs bitcoin,when will bitcoin run out

Get in Touch

Related Articles

Cardano price analysis: Cardano rapidly retraces, prepares to move below $1.30?

Cardano is a cryptocurrency that is based on a layered architecture. The Cardano project described in this article is the Cardano project that is...

Economist says El Salvador ‘on road to death’, salaries paid in e-CNY …

The iShares MSCI El Salvador ETF (EWS) is up slightly this year. This is surprising, because the Central American country has been mired in...

VeChain price analysis: VeChain still around $0.10, move lower overnight?

VeChain is the first of its kind to create its own blockchain and platform. It does so through a combination of hardware and software. This...

Latest Posts

Cardano price analysis: Cardano rapidly retraces, prepares to move below $1.30?

Cardano is a cryptocurrency that is based on a layered architecture. The Cardano project described in this article is the Cardano project that is...

Economist says El Salvador ‘on road to death’, salaries paid in e-CNY …

The iShares MSCI El Salvador ETF (EWS) is up slightly this year. This is surprising, because the Central American country has been mired in...

VeChain price analysis: VeChain still around $0.10, move lower overnight?

VeChain is the first of its kind to create its own blockchain and platform. It does so through a combination of hardware and software. This...

The 4th Richest Bitcoin Whale bought 12,000 bitcoins at an average price below $40k in past three weeks

The estimated value of the Bitcoin market has topped US$100 billion as it continues to gain momentum, but who are the big players? The...

Bitcoin Taproot upgrade finally locked-in, activation set for November

Taproot is an upgrade to the Bitcoin Core 0.14.0 codebase, which was released in April. It is in final testing phase and will be...