Remember the time since the 2020 when Elon musk used to preach the Dogecoin and suddenly the crypto used to move. And do you remember even the people who had no clue about crypto dived into the dogecoin and even purchased Ethereum and Bitcoin.
That time Elon's word was taken like Jesus. Like people would literally buy those altcoins just because Elon preached the dogecoin.
A lot of altcoins copied the name of doge in their own tokens to sell off the market. And a lot of them turned out to be rugpull while some scammers made somemoney along the way.
And fast forward to the December 2022, where he started being dictator and no longer preach crypto to his followers.
So what happened? What factors changed for him?
Musk's Twitter Acquisition Backfired
It seems Musk just did LOL on his own purchase. Like he meant it for showoff then he meant it for domination and literally non profitable liberal dragons den turned out to be in his hands. There is literally no value for the Twitter unless ads are run.
Musk tried to get help from his right wing thinktanks on clean up of the twitter. But that won't be working long term as in US, left wing runs deep into the IT industry and musk is too small to mess with it. George soros made sure of that nobody can mess with Left Wing in US anymore.
In short Twitter acquisition backfired.
Musk is no longer at the Top
His deal with twitter costs him the loss of the richest person in the world position. And that would snowball into his friends circle. And it would even cost him some supporters unless he gets his acts into motion.
Being top is often not the goal but the thing is that system puts you into that position and expect you to behave. So someone nerdy like Elon won't be able to keep up with that.
In order to bring back crypto he needs to be at the top. And also he needs to be influencing by showing off. Something he can't do as he is not at the top and people would just focus on bad things that happened.
Crypto Community is Matured now
Prior to twitter takeover a lot of liberal left people were fan of the Elon. And then this happened making sure to make a lot of liberals panic off the twitter. Which means they are not going to be following the crypto preaching of the Elon.
Elon can come now and preach Doge but a lot of Liberal won't be falling prey to that and instead they would DYOR. Something that Elon didn't anticipated. So he is going to use his influence in any other way.
Problem is people believe in visionary people. And they need to see the results. And unless they see something positive, they are going to find it hard to get influenced. Something he needs to be working on as he quits being boss of Twitter.
Elon's magic is wearing off. He was promised messaih of the eco-cultists, crypto community and also liberal left at one time. But his vision is far fetched and has lot of holes.
Let's ignore everything he did and said. And focus on crypto.
Do you think people would get influence with Elon on crypto?
What do you think?