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Anonymous accuses Elon Musk of Manipulating Bitcoin and Wider Crypto Market

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  • Anonymous accuses Elon Musk of being a hypocrite
  • Calls Tesla and SpaceX as environmentally destructive
  • Robbed BTC of many potential investors

Elon Musk and his tweets have earned him the irk of Anonymous. Anonymous has stated that Musk’s irresponsible tweets against BTC including propagation of myths not based on facts have made BTC lose a sizable portion of its values and also lost the biggest cryptocurrency to a number of potential investors.

Anonymous is a famous hacker group and is well known for targeting deceptive government and fraud organizations. It is in the news for threatening Elon Musk accusing the Tesla chief of influencing the crypto market with his manipulative tweets.

Anonymous took on Musk on social media and accused the company which Musk leads Tesla Inc (NASDAQ: TSLA) of conducting anti-environmental policies. In a clip posted on social media, the hacker group accused Musk of hiding behind a façade of being a green champion.

Elon Musk was earlier seen promoting Dogecoin and even called Bitcoin based on ‘thermal power. Tesla had earlier asked its consumers to seek other greener cryptocurrencies since Bitcoin mining used a lot of power from thermal power plants. Tesla has stopped accepting Bitcoin as a payment option citing environmental concerns.

Delving a Little Deeper

Anonymous questioned the rationale of not accepting BTC as payment due to environmental concerns. Anonymous posted a video in which it stated that Tesla’s electric cars also consumed electricity from the same sources and therefore it cannot accuse BTC of using more power for mining activities.

Anonymous continued its scathing attack and accused Elon Musk of being a hypocrite. On one hand, he targeted BTC citing environmental concerns while Tesla has been working with the same energy principles.

Labels Elon Musk a spoiled billionaire

Anonymous has been very severe on both national /international entities for their social media faux pass and hoax antics. Calling Elon Musk a spoiled billionaire who envisages a utopian world full of space travel and electric cars, the group also accused Elon Musk of following an environmentally destructive policy with Tesla and SpaceX

The environmental impact of Bitcoin mining is the latest debate raging on social media. There was indeed a time when most crypto mining activities were conducted in locations with cheap coal-based power sources. However, of late crypto mining companies have been shifting to eco-friendly sources like solar power.

Anonymous underlined the importance of cryptocurrencies in the future. The group stated that reckless tweets by Elon Musk that BTC mining is environmentally hazardous have robbed BTC of many potential investors. Labelling BTC as a game-changer, the group said that millions of Americans were making money from it. Musk with his petty tweets discarding Bitcoin’s primacy in the crypto market has made the investors suffer and lose money.

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