Varney: Elon Musk ‘manipulating’ the crypto market

Varney: Elon Musk ‘manipulating’ the crypto market

Last weekend in his appearance on “Saturday Night Live,” musk dismissed doge as ‘a hustle.’ But last night he offered it some support, suggesting it would ‘improve system transaction efficiency.’ Dogecoin gained 25% in minutes! So what an Earth is he doing fooling around with a joke coin, otherwise known as dogecoin? Months ago his car company, Tesla, bought one and a half billion dollars worth of bitcoin. Then he seemed to retreat, suggesting that crypto mining is bad for the environment!

ELON MUSK CLARIFIES STANCE ON CRYPTOCURRENCIES AS PRICES FALL On the one hand, he is a genius and has worked wonders creating a global car company, a tunneling company and a breakthrough, private enterprise, space operation. 

The man ranks right up there with Steve Jobs! STUART VARNEY: I have to admit to being exasperated by Elon Musk. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE Secondly, he’s a natural-born showman and he uses his talent and his gigantic wealth to attract attention. He loves it. And it works.   First, Musk wants to be seen as the man of the future. He wants to be a part of the next big thing. He wants to run the next big thing. And he believes cryptos are the future. That’s why he makes so much noise in the crypto market.

Ok here is a personal opinion:  He loves bitcoin then retreats. He dismisses dogecoin then promotes it! What’s going on?

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