Elon Musk wants to return to influencer status in the crypto market. A position that he has completely lost since 2021. Having been able to move the#BTCrate in the past, now it can only move the#DOGErate (at best) and other meme coins.
Now there are three reasons to talk about his attempt to restore his status:
1. He returned his laser eyes in X’s profile. The last time he put them on was in the spring of 2021. Not the same color as in the last cycle (and in general, an avatar similar to the Patriot from “The Boys”), but that’s not the point. Laser Eyes are not just a symbol of Bitcoiners, but also a symbol of their expectation of a price of $100,000 for #BTC.
2.#FOXBusiness crypto-journalist Eleanor Terrett suggested that Musk might come to the Bitcoin 2024 conference (July 25-27) in Nashville:
“...I believe the only person bigger than Trump who can break up the Internet at this point is Elon Musk.
That would make sense too. He's friends with Trump, loves Bitcoin, and this event turns out to be the biggest#fomoevent in #crypto.
I'm just guessing, but it would be really cool to see Elon come to Nashville."
3. In a dialogue with the account of another dog meme coin, Musk hinted in a playful manner that he is Satoshi Nakamoto. Collecting a “portrait” from Google searches for myself: “I am an alien scientist working under a Japanese pseudonym.” That in itself is just a joke. If you ignore points 1 and 2.
If Musk speaks at Bitcoin 2024, he can significantly influence the crypto market in only one way - specifically and clearly announce the integration of cryptocurrencies (remember #DOGE) or at least just BTC into the work of his business. In particular, give them the status of a means of payment when paying for goods or services. In Tesla or X. Any other statements will only provide local movements.
ps: By the way, tomorrow, July 23, after the close of trading, Tesla will release its next quarterly report. Let's see if their BTC balance has changed. Potentially an event with increased volatility for the market. Other important reports this week:
- also July 23, and after trading close:#Alphabet(this is #Google). The holding company that operates Google Inc and its subsidiaries. Using the hashtag#Googleyou can also find a lot of news about partnerships with blockchain companies. Plus, from the end of January 2024, they allowed advertising on their platforms of cryptocurrency products.
- also on July 23, and after the close of trading: #VISA. Payment giant. Shows great interest in blockchain technologies for money transfers, issues cards in partnership with crypto exchanges.
- July 24, after trading close: #IBM. One of the world's largest manufacturers and suppliers of hardware and software, IT services and consulting services. It is important that at the end of 2023 the company introduced a new cold storage technology for crypto assets - Hyper Protect Offline Signing Orchestrator (OSO). Developed together with#Metaco(acquired by#Ripplein May 2023). If there is news in this area and crypto assets/blockchains in general, we expect volatility.