Along with David Portnoy of Barstool Sports, Elon Musk was one of the few prominent figures who signaled support for the Reddit WallStreetBets traders. Portnoy ended up abandoning his stake in GameStop and posted his capitulation on Twitter. Portnoy, on a segment with Tucker Carlson on FOX News, had earlier called for those who shut down traders to be jailed, pointing out it was blatant “market manipulation.”

Musk’s support for the Reddit outsiders, meanwhile, has centered on crypto. After he tweeted “Doge” on 4 February, Dogecoin gained more than 50 percent. The man behind Tesla later tweeted “Dogecoin is the people’s crypto.” News outlets noted that Musk’s tweets over the last two weeks about different companies and cryptocurrencies have contributed to moving the markets. With Ethereum futures launching on the Chicago Mercantile Exchange, and other cryptos like Bitcoin making huge recent gains, digital currencies are quickly becoming more popular with average investors.

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  1. Tony Smith 2 years ago

    Love Elon Musk! His technology helps people unlike that sadistic piece of shit Willie Gates and his boyfriend Suck a cock fauci. I hope these two step on a hand grenade

  2. Beverly Hubbard 2 years ago

    Elon Musk is an inspiration!

  3. harlow53 2 years ago

    Elon is a trailblazer and has been able to develop an affordable electric vehicle. The Achilles heel of the vehicle is the battery technology. Now, the hydrogen vehicle technology is starting to ramp up in the truck industry because of its ability to go long distance without being battery ranged bound and able to handle heavier loads more efficiently.

    I invested in hydrogen when Ballard, GM, GE, and various companies were experimenting on hydrogen vehicles. At that time the concentration was to prove hydrogen was a viable technology and the concentration was to produce public transport vehicles. Over time I suspect hydrogen vehicles have matured somewhat and are ready for prime time.

    I lost my money on the initial investments but maybe today’s investors will reap some reward from the early investors years ago.

  4. […] According to some recent estimates, the worldwide crypto population doubled in only four months, to 221 million as of June. Trends Journal predicted the likelihood of much wider mass adoption just as that boom was starting, in our 9 February article “ELON MUSK: TECH OUTSIDER?.” […]

  5. […] The Trends Journal noted in February 2021 that average consumer investors were showing more interest in cryptos, and significant growth was likely. (see “ELON MUSK: TECH OUTSIDER?”)  […]

  6. […] investing was poised for mass adoption, based on user sentiments being gauged at that time (see “ELON MUSK: TECH OUTSIDER?” and “CRYPTO SANITY”).  Crypto Investor numbers doubled between February and August of […]

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