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Elon Musk Bitcoin tweets are dumping prices in the crypto market

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  • Elon Musk has become the target of the hacktivist’s group Anonymous
  • Anonymous claims that Musk dumped BTC to protect Tesla’s income from government bonds
  • The effect on the prices by Musk has destroyed the dreams of several investors globally

Elon Musk, the CEO of Tesla and SpaceX, has remained the most prominent Bitcoin and Dogecoin proponent since the beginning of this year. However, later he dumped Bitcoin showing environmental concerns, and suspended the acceptance of the coin in exchange for Tesla products. It is also known that the change in perspective is also one of the prominent reasons behind the recent market crash observed in mid-May.

Following Musk’s activities, a hacker group named “Anonymous” came forward and threatened the Tesla CEO. In the message, the group mentioned that Musk’s tweets had abandoned the Bitcoin and crypto market that destroyed several lives.

Anonymous hackers group takes aim at Elon Musk

Anonymous, claiming itself a decentralized hacker group, published a video on YouTube targeting Elon Musk. In the video, a person with a “Guy Fawkes” mask and voice changer tool accused the Tesla CEO of being more than a bond villain. 

The hacker in the video claimed that Elon Musk is just another narcissistic rich individual and is desperate for attention-seeking. Eventually, Musk is no more than just a guy with a carefully cultivated image.

Making a profit is Musk’s only motive

Following the billionaire manipulating the crypto market, Anonymous popped up out of thin air. The claimed hackers noted the issue with Musk’s environmental and labor record. The video focused on the Tesla CEO’s latest movies relating to the cryptocurrency industry. According to the hackers, the change in Musk’s perspective arose after he observed that Tesla could lose government subsidies.

The video directly claimed that Tesla’s Bitcoin involvement was forced to be denounced. And the factor helped the firm to gain more funds from the government to its cash box.

Do Musk’s tweets really have an impact on the crypto market?

Late last year, Tesla added Bitcoin to its digital assets portfolio. Still, before the first purchase made by Tesla, Elon Musk was supporting Bitcoin and other altcoins. However, since the beginning of this year, the SpaceX CEO helped fuel BTC and Dogecoin with his bullish tweets. 

At first, when Elon Musk kept changed his Twitter bio, including #Bitcoin, the price of the leading crypto coin surged impressively. Later he began to support Dogecoin and shared a meme holding the coin, which caused a more big surge in the DOGE’s price. It was the first time when DOGE saw more than 1000% of growth within 24 hours.

However, last month the great advocate of the crypto market was found to be bearish. Showing environmental concerns, he paused his support for Bitcoins. The concern of the SpaceX CEO caused a deeper dip in Bitcoin’s price. 

Moreover, after the crash, BTC did start to show resilience. However, At the moment, Elon Musk again tweeted a breakup meme relating to the flagship coin.

Did the Tesla CEO really ruin the lives of many?

Late last month, Elon Musk, along with Michael Saylor, established a BTC miner conference. According to Anonymous, the council attempted to gain control of the entire cryptocurrency and blockchain industry.

The video said that millions of retail investors were counting on their profits earned through crypto investments. Such investors were planning to improve their life with the gains. However, dreams have been mocked by the public emotions of Elon Musk. Ultimately, the concerns or profit motive of Musk mocked the dreams of the investors.

Is the latest video really shared by “Anonymous”?

Observing the nature and name of the hacker group, it isn’t very easy to determine whether it’s a genuine group of hacktivists. Still, following the hallmarks of past videos that are created by hacktivists, we observed that the video consisted of all of it. Moreover, the individual in the video also was observed wearing the group’s trademark mask. Moreover, at the end of the video, the person also used the group’s signature sign-off.

Did the SpaceX CEO respond to the threat?

After several began to share the video on social platforms to Musk’s feed, Musk did publish a tweet.

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