A survey conducted by Investing.com revealed that two-thirds of American investors believe that Elon Musk has influenced the financial market, with as many as 63 percent of respondents considering the Tesla CEO the most influential in financial markets. Meanwhile, 52 percent of investors support policies aimed at reducing the power of influential figures like Musk, reports Business Insider.
Elon Musk has also had a significant impact on cryptocurrency price movements. According to the same survey, the billionaire’s tweets regarding the environmental impact of Bitcoin prompted some investors to sell. The survey indicates that 38 percent of investors stated they were not concerned about environmental impact until Musk posted his tweets.
Last month, 30 percent of cryptocurrency investors sold their bitcoins, with 20 percent doing so because of Musk’s comments on social media. However, there are also those who believe that Musk has no influence on the crypto market and that his comments will not affect the future of Bitcoin, with 84 percent of respondents holding this view.
Investors are quite divided when it comes to Musk’s tweets. As many as 33 percent consider his tweets ‘boring’, 27 percent find them ‘entertaining’, 22 percent rated them as ‘unfair’, while 28 percent of investors are indifferent on the matter.
On the other hand, the price of Bitcoin has been rising since Elon Musk announced on Twitter that his electric cars would again be purchasable with cryptocurrencies once at least half of the energy required for ‘mining’ is obtained from renewable sources, reports CNN.
– ‘When reasonable (around 50 percent) clean energy usage by miners is confirmed with a positive future trend, Tesla will continue to allow Bitcoin transactions,’ Musk stated.
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