Elon Musk has been accused of manipulating the crypto market recently. Frankly speaking, his remarks and tweets do affect the crypto market. Now it can be intentional or unintentional, but manipulation did happen.
Elon Musk himself mentioned that he probably does pump the market but doesn’t dump it. However, probably due to his lack of trading knowledge, he doesn’t understand that dump can also happen when the pump ends or withdraws.
Will Tesla accept bitcoin?
Huge market fluctuations happen in both directions based on this question alone. Will Tesla accept bitcoin as a payment method?
Elon Musk had tweeted confusing remarks about it in the past. He has again tweeted that Tesla is “most likely” to start accepting it as a payment again.
He has himself invested in bitcoin too along with ethereum and dogecoin.