Elon, Crypto & Tweets

Cryptocurrency is all the news these days. Cryptocurrencies like Bitcoin, Ethereum and even Dogecoin are playing a major role in the market. But first, let's briefly understand basically what crypto is. A cryptocurrency or crypto is a type of currency which uses digital files as money. Usually, the files are created using the same ways as cryptography (the science of hiding information). The first cryptocurrencies were made to have a currency which is free from any Government influence and can be used around the world, drifting away from the more traditional means such as the US Dollar($). Now, let's come to our main man in the title, Elon Musk. Elon musk is an entrepreneur who is the Founder, CEO and Chief Engineer at SpaceX. He is also the CEO of Tesla motors and has co-founded many other companies as well. Elon has revolutionized the tech industry with Electric Vehicles and is now a major public figure. He even appeared on an episode of SNL (Saturday Night Live). But with great power comes great responsibility. Elon Musk is a star on twitter and his tweets make major headlines, whether it be memes or major announcements. But it has its caveats, his tweets about cryptocurrencies like Bitcoin and Dogecoin seriously messes with the market and causes owners to lose money in a matter of seconds. The Gen Z as you might call them, refer Elon Musk to a real life Tony Stark and someone one with that public image will take advantage no matter what. He recently made the news for abruptly stating that Tesla Motors will no longer accept Bitcoin which caused a major fall in its prices. In the recently held Bitcoin Conference 2021 at Miami, Elon has been seriously blamed for price drops. People have been chanting various statements like “stick to space ELON”. This has now made Elon “Enemy no. 1” in the Crypto Community.