• Wed. Feb 28th, 2024

Elon Musk Receives Request To Pump BTC Again, But He Refuses

Phillip Seefeldt

ByPhillip Seefeldt

Jul 13, 2021

If there is one thing that is a constant source of frustration as well as entertainment in the cryptocurrency community, it would be Elon Musk. The Tesla CEO has had a love-hate relationship with that of Bitcoin (BTC), as he had previously supported the flagship crypto before deciding to remove it from his company’s balance sheet following alleged concerns about the damage that the mining was causing to the environment.

Now, a request was made to Elon for the purposes of him resuming his pump of Bitcoin. However, the billionaire was quick to voice his rejection outright. The request was made by a Twitter user known as @Crypt0men, who had asked Elon to start pumping BTC once more, to which the billionaire said no in a somewhat sarcastic manner.

Bitcoin is performing well despite Elon

Nowadays, Elon usually prefers to limit his social media activities to DOGE-related content only. Despite the fact that most of the hype surrounding this altcoin has slowed down quite a bit, the billionaire remains adamant about pumping it by whatever means necessary.

8BTC, a cryptocurrency news outlet, had stated that we were in the aptly titled ‘Bitcoin Musk Age,’ which had lasted about five months in total. During this time, Elon had actively supported Bitcoin before turning his back on it due to the aforementioned reasons concerning the environment and the fact that mining Bitcoin consumes too much energy (although he did say he can revisit his decision if these issues can be solved in the future). Now, we find ourselves in a ‘Post Musk Age,’ where the market is thankfully not too affected by his words anymore. Bitcoin is, in fact, doing better now than it has for a while.

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Elon and DOGE

It is important to remember that one of the main reasons why many in the crypto community were initially so interested in investing in Dogecoin was because of increased FOMO. Now that the ‘meme’ crypto is no longer experiencing massive gains at a rapidly rising rate, few want anything to do with it and has moved on to other projects.

Still, this has not stopped Elon from continuously posting content about DOGE in the hopes of pumping it again. However, the community has all but grown tired of his antics by now. Despite his best efforts, DOGE’s price only increased by a measly 2%, which is nothing compared to the previous gains that it was making just a few months ago.

Phillip Seefeldt

Phillip Seefeldt

Phillip Seefeldt is a skilled and perceptive news writer known for his comprehensive analysis and engaging writing style. With a commitment to accuracy and a deep understanding of current affairs, his articles provide readers with insightful perspectives and thought-provoking insights.

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