What about Musk and BTC PDF

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Présentation de Musk et de l'influence qu'il a sur les cryptomonnaies...

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SOCIAL MEDIA OPTIMISATION ELON MUSK & BTC. Elon Musk is a South African engineer, business leader and billionaire, naturalized American. He is the president of the company SpaceX and the chief executive of the company Tesla. Elon Musk said the goals of SolarCity, Tesla and SpaceX revolve around his vision to change the world and humanity. Nowadays, He is seen as one of the most influential people in the world, thanks to his successes and fortune. Elon Musk uses his status to give his opinion on several subjects, like the new technologies but especially on the new phenomena, like the cryptocurrencies. Bitcoin (BTC) is an active crypto and digital currency based on a peer-to-peer network established in 2009 to become a viable replacement for basic currencies and conventional payment systems. Based on a decentralized mechanism, the Bitcoin aims to take control of money from governments and large organizations and give it to citizens. Bitcoin is not a physical entity, it is code that exists on a ledger on every computer in its network. Thanks to the development of new technologies, and the importance of the digital in our society, Bitcoin has experienced incredible developments: In 2010, the value of a Bitcoin was 39 cents. Ten years later, in November 2020, bitcoin was valued at $ 13,832. And finally, today, bitcoin is worth 46 000 dollars

In January, Elon Musk started tweeting about cryptocurrencies which put a lot of people on hold. On January 29 (twenty nine) (twenty thousand and twenty) , Elon Musk posted the hashtag: #bitcoin in his Twitter Biography. It push the price of bitcoin by 14% in not even an hour. Subsequently, Elon announced that he had invested $ 1.5 (one and half) billion in BTC, allowed BTC to take + $ 15,000 fifteen thousand in value in a single day. Since the Tweet about BTC, many people have invested in BTC thinking it was a good investment. As of January 29, Elon had 43 million followers on twitter and he currently has 48 millions.

He earned 5 millions followers in 2 months. In February 2021, just after the BTC inflation, Elon Musk tweeted that the prices of BTC and ETH are “overrated”. This caused the price of BTC to drop very quickly. At the same time, Tesla fell on the stock market from more than $ 880 to a low of $563 in one month. Tesla lost many of investors and shareholders, when Elon Musk had fun on Twitter with the price of BTC. In twitter, it’s easier to make the “Buzz”. When some people tweet about the same subject (about Word or name),the subject is in the Trends. With this event, the hashtag #bitcoin and the name of Elon Musk were in trends and were seen by almost every users of Twitter, without being a subscriber about that sector. The repercussions of this issue on society are: • •

Despite a sharp rise in Bitcoin, it quickly lost value due to the tweet of Elon Musk: Some people lost money, unlike the professional traders Fall of bitcoin, bad image of cryptocurrency by everyones (Too many risk)

We were affected by this event. I lost money because I bought Bitcoin during I did not foresee the fall and Yanis made a lot of money because he invested in another cryptocurrency (E-Gold), who enjoyed the fall of Bitcoin to growing up. I lost money and Yanis won money After this controversy, we think that people will be less influenceable about the opinions of celebrities about the cryptocurrencies....