Musk Mentions "Support for Cryptocurrency" on Twitter... Investors' Anger Grows Larger

"Bitcoin Causes Environmental Damage" Statement Triggers Sharp Drop in Coin Market
Investors Criticize, "You Will Go to Jail, Not Mars"

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Hyunwoo Lee] Tesla CEO Elon Musk has once again sparked criticism by posting on Twitter that he supports cryptocurrency. Previously, Musk faced criticism for causing a market crash by tweeting that Bitcoin destroys the environment and announcing Tesla's suspension of Bitcoin payments. Some investors have even accused him of market manipulation so severe that he should be sent to jail.

According to foreign media including Bloomberg on the 22nd (local time), Musk tweeted on his Twitter, "Any sufficiently advanced magic is indistinguishable from technology," and "The real battle is between fiat currency and cryptocurrency. Considering everything, I support the latter (cryptocurrency)." In response, cryptocurrency investors flooded the comments with criticisms such as "Because of you, I lost money and ruined my life."

Investors criticized Musk's tweets for repeatedly supporting and then withdrawing support for cryptocurrency, accusing him of market manipulation. Some investors reportedly left comments saying, "You will tweet more garbage and shake the market," and "Because of market manipulation, you will go to jail instead of Mars."

Since Musk tweeted in February equating the value of Bitcoin as a currency to that of fiat currency, he has continuously posted positive tweets about Bitcoin and Dogecoin, becoming known as a leader in cryptocurrency investment, especially among individual retail investors.

However, on the 12th, he posted a tweet stating that Bitcoin mining causes massive carbon emissions and harms the environment, and suddenly announced Tesla's suspension of Bitcoin payments, drawing criticism for leading the cryptocurrency market downturn.

This content was produced with the assistance of AI translation services.