Musk was accused by economists of manipulating the bitcoin market, saying the SEC should investigate

Last week, it was reported that Tesla purchased $1.5 billion of bitcoin to “maximize cash returns” and consider supporting bitcoin payments in the future. This statement has made many people wary. According to markets insider, economist Nouriel Roubini accused Elon Musk of manipulating the market and said the SEC should investigate. Nouriel Roubini’s charges against Elon Musk stem from his comments on twitter that he was trying to drive up prices in this way. According to Nouriel Roubini, people with broad social influence, such as Elon Musk, should be aware of the possible impact of their remarks, which is enough to manipulate the market. After Tesla could buy the position, musk said Tesla had invested and then raised the price. Even if Tesla didn’t make money, such a statement would be quite irresponsible. It would affect the price trend by expressing one’s position against the special currency. Nouriel Roubini believes that this is a “criminal act” and the US Securities and Exchange Commission should investigate it. Since the market is not clear about the trading of bitcoin by musk or Tesla, and whether musk will benefit from it after making relevant comments, it is worth investigating by the securities and Exchange Commission in either case. After all, bitcoin continued to climb after Musk’s comments and reached a new high. In fact, Max’s comments affect not only bitcoin, but also dog money. With the help of several related tweets, the price of dog coin is also rising. Even its creator, Billy Marcus, couldn’t believe that the virtual currency he developed in three hours a week was hyped to this extent. It is rumored that musk holds nearly 30% of dog coins on the market. At the end of the day, those who end up buying cryptocurrencies at high levels are losers. Or there are computer game players, the supply and price of graphics cards are intolerable.

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