Cryptocurrency has been in circulation for quite some time but people have always been unsure about it. Of course, some have become billionaires through little investments they made in bitcoins. But these were bitcoin loyalists who became part of the cryptoculture years ago. Others who needed assurances started making investments after famous people began talking about it. CEO Tesla, Elon Musk was one of them.
Elon Musk & Cryptocurrency
Elon Musk has been tweeting about cryptocurrency which made it seem to his followers that he is verifying the success of it. It was because of that that a number of people started investing in it as well. Of course, this time it was their entire life savings for some. But the recent bitcoin crash took them by surprise. And it was all thanks to Elon Musk’s statement about cryptocurrency.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
Considering that bitcoin value had fluctuated in the past as well due to Elon Musk’s tweets about it, people expressed concerns about their validity too.
#ElonMusk too dip pic.twitter.com/uRocNkLCz9
— Babs (@chivalry55) May 19, 2021
CEO gets schooled
In fact, people have started schooling the CEO accusing him of being the reason their life became all shambles. One music critic who is a verified figure with millions of followers replied to one of Elon Musk’s tweets saying he has lost everything and has become homeless. He said he will never be able to meet his kids again.
Elon i invested my Entire life Savings into the imaginary coins and have lost literally everything i will never see my kids again i have been living on the street for 3 days thank u for tweeting this Sir can u please keep tweeting so i can get my money and life back sir
— Dolan Dark (@DolanDark) May 19, 2021
Another person called Elon the most hated person in the world. He said that he and his friends were die-hard fans of everything Elon Musk (Tesla, SpaceX, Neuralink), but not anymore. With thousands of followers, Timothy is categorized as a best-selling author.
You’re the most hated person in the world right now. All of my friends, myself included, went from die-hard Elon/Tesla/SpaceX/Neuralink fans to hating you from deep within our souls. How you accomplished that in such a short amount of time is one for the history books.
— Timothy S. Kim (@timothy_skim) May 19, 2021
Another person took to Twitter, how the husband is leaving just because she invested and lost all their savings by believing Elon.
Lost all my family savings,my husband is about to leave me and take the kids . I have lost my job and I am about to be homeless
Thank you elon 🙌🙌🙌— Mademoiselle Winny (@SisterHuncho) May 19, 2021
It is understandable that all of these people are looking for someone to blame. However, it doesn’t really make sense because investing is something you should do by doing your own research. And the one thing you should always make sure of is that you must invest only what you can afford to lose; not your entire life savings.
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