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Cryptocurrency News Articles
Elon Musk: the Man Who Thinks He Can See the Future
Feb 21, 2025 at 04:05 am
Elon Musk is not just the man who claims to see the future: he is also shaping the present with massive tweets and controversial decisions. But this empire he has built is not universally accepted.
Elon Musk is not only the man who claims to see the future: he is also shaping the present with massive tweets and controversial decisions. But this empire he has built is not universally accepted.
More and more voices are being raised against him, and not just any voices. The collective Anonymous, known for its targeted cyberattacks, has decided to confront the head of Tesla and SpaceX directly. The reason? His influence deemed toxic over cryptocurrencies and his behavior perceived as despotic.
Cryptocurrency Market Manipulation: Musk in the Crosshairs
Cryptos and Musk are a love story… and chaos. Every tweet from the billionaire can make Bitcoin, Dogecoin – recently he was exonerated in a case of manipulation of the memecoin – and Ethereum rise or fall in an instant. Anonymous accuses him of treating the digital economy like a simple mobile game, playing with the fortunes of small investors without a second thought.
A quick reminder of the facts:
* Tesla accepts Bitcoin as a payment method in 2021. General euphoria.
* A few months later, Musk changes his mind, citing environmental concerns. Bitcoin plunges.
* Meanwhile, Dogecoin, a simple meme, becomes a serious asset… because Musk says so.
These abrupt reversals have cost millions to some investors. For Anonymous, this is not innovation, but pure and simple manipulation.
Tesla, X and Anonymous: the Retaliation
While Musk is adored by his fans, he is much less so by his employees. Anonymous denounces the hellish working conditions at Tesla: pressures, unbearable workloads, questionable wages. The libertarian discourse of the boss hides a much harsher reality.
And what about Twitter, now X under his leadership? The platform, once seen as a space for free expression, is now accused of laxity in moderation. According to the Center for Combating Digital Hate, hate speech has surged by 50% since its acquisition.
Moreover, a major X account linked to Anonymous has been suspended, implying that Musk only tolerates freedom of expression when it serves his interests.
Anonymous struck back by hitting the DOGE department, a branch supposed to optimize public spending in the United States, but which according to them, only serves to enhance Musk’s influence within the government.
The message displayed on their hacked site was clear:
“ They left their database unprotected. “
Donald Trump, Anonymous and New Alliances
Musk is not just an economic player. His political influence is growing, particularly through his connections with Donald Trump. Recently appointed head of the DOGE department, he is accused by Anonymous of twisting this initiative to favor large businesses at the expense of public services.
In Europe, his name is also linked to the rise of the AfD, a far-right German party. In February, more than 250,000 people protested in Munich against this formation labeled as “neo-Nazi and Musk-sympathizing” by Anonymous.
An explosive situation that shows the billionaire is not just launching rockets: he is also influencing international politics.
One last element complicates the picture: Anonymous accuses Musk of cutting access to Starlink in Ukraine, thus facilitating a Russian attack.
In response to these accusations, Musk retorted that these Anonymous accounts were actually impostors. But distrust remains.
If Elon Musk is under pressure, he has not lost his taste for challenge. Recently, he launched DOGE against the SEC to denounce unnecessary government spending. A subtle way to remind everyone that he is still ready to fight… and to shake up the markets.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Bitcoin ETFs: A Gateway to Direct BTC Exposure, But Are They Worth It?
- Feb 22, 2025 at 03:40 am
- It took 10 years for Bitcoin to receive its first spot-traded, exchange-traded fund (ETF). Up until January 2024, this type of Bitcoin investing was dominated by futures-traded ETFs which don’t hold actual BTC. By holding the actual asset, spot-traded ETFs offer not only direct exposure to Bitcoin without the hassles of BTC custody, but minimal price deviation such as contango in futures contracts.
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