I don't see any point with Elon having so much influence over the price but it's all a trick to manipulate the numbers on their quarterly report. I don't think it will have much effect at all on the price outside some short-term effects.
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There is something about authority and positioning.
He has the positioning and so people don't even know what they are holding and so just believe him without research
There's no point, but frustratingly enough he actually still does have influence over price based on what he says.
Crypto is such an immature market.
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