My speculative theory leans more towards Elon's recent announcements sorrounding crypto being self-serving in that he andhis related entities stand to make huge amounts of money from them.
1. Tesla buy a heap of bitcoin 2. Elon announces that Tesla has bitcoin on its balance sheet (public validation of the crypto) 3. Bitcoin share prices surges signiticantly 4. (Conspiracy) Tesla sells down to free-carry bitcoin 5. (Speculative) Elon buys dogecoin in substantial quantities 6. Elon tweets and posts about dogecoin, including naming a soon-to-be-launched satellite DOGE-1 7. Dogecoin is up 700%+ 8. Elon tweets polling whether Tesla should accept dogecoin (11th May) - 78% vote yes 9. Elon tweets about Tesla cancelling the acceptance of Bitcoin for vehicle purchases (12th May) --------------- We are now here 10. (Conspiracy) Investors sell down their bitcoin to buy the substantially cheaper dogecoin 11. (Conspiracy) Elon sells dogecoin for substantial gains 12. (Conspiracy) SpaceX acquires Brainchip
BRN Price at posting:
58.5¢ Sentiment: None Disclosure: Held
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