##Is Elon Musk now mostly hated by the Crypto Community?

 


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What is certain is that Elon Musk has lost a large part of his reputation following the saga started by his tweet on May 13, 2021.


Either Elon Musk is totally psychologically damaged by allowing himself to jeopardize Tesla's finances via his tweets that have brought chaos to the industry.


Or Elon Musk has just given us a lesson in large-scale Bitcoin price manipulation.


Elon Musk's change in attitude towards Bitcoin since the bounce around the $30K mark suggests that Tesla may have strengthened its positions in Bitcoin at a discount.


We will have the answer in July 2021 when Tesla's quarterly results are released.


If Tesla has increased the amount of BTC it holds, then the SEC will likely have something to say about it, as Elon Musk will not be able to deny that what he did in May 2021 was intended to manipulate the price of Bitcoin to his advantage.




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