Elon Musk’s Tweets Impact the Cryptocurrency Market Once Again

One of the most influential and powerful people in the world is Elon Musk. The guy was named the richest man on earth due to his companies being among the world’s most worth companies. Elon Musk also has a huge following with religious people who follow him and his work. The group of people who love and follow Elon Musk call themselves the Musketeers and consider everything he says and does to be the gospel of Elon Musk to them. His influence has led to many changes in the financial system in the world.

The first was when he was involved in the development of Dodge coin as a joke on cryptocurrency, and the currency is now worth millions and leads to people making a lot of money in the process. His actions impacted the cryptocurrency market when he stated that Tesla, his pioneering electric car company, would accept Bitcoin as payment for their products. Immediately this news went public, and Musketeers were in the market for Bitcoin to buy his products, which led to the price and the worth of Bitcoin skyrocketing overnight. He later tweeted that Tesla would not accept Bitcoin as a payment method due to the impact Bitcoin has on the environment during Bitcoin mining. Most miners in the world use energy that negatively impacts the environment to mine Bitcoin, and Elon Musk’s goal is to have a carbon-neutral world. This news, along with other news, had a huge impact on the price of Bitcoin, which led to the price dropping from $60,000 to $40,000.

Elon Musk, once again, shows how influential he is. He Tweeted that if Mcdonald’s a fast-food company, should accept Dodge Coin to pay for their food and services, and if they do, he would happily eat their most common product, the happy meal live on air for people to see. McDonald’s replied to his Tweet, saying that they would accept Dodge coin if Tesla would accept their Grimace coin as payment for their products. Grimace was a cartoon character McDonald’s used in some of their advertisements in the past and served as a mascot for the company. At the moment, the Grimace coin did not exist. A few hours later, the Grimace coin had been developed, and the demand for the coin was so huge that the official Grimace coin saw its value grow by over 285,000% in a few hours.

This was a huge opportunity for people who would love to invest their money in cryptocurrency in Africa. Since Africans are mainly involved in peer-to-peer crypto trading, they would have made a huge profit from investing in the Grimace coin. One lesson learned from this and other cryptocurrency news in recent days is that it pays to follow current trends in cryptocurrency to be aware of what is happening and to invest early. It is also a good idea to follow Elon Musk on tweeter to be aware of what he will do next. He was probably hungry and wanted a happy meal from McDonald’s, which led to the development of the Grimace coin and its value skyrocketing; you never know what he will do next.

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