Elon Musk has repeatedly tweeted about certain cryptocurrencies in the past. It was relatively easy to see from the courses when Musk spoke. For example, the currency $SHIB was more or less only given a decent boost by Musk and Dogecoin became Musk’s favorite story, he even wanted to turn the currency inside out himself – at least he tweeted about it once. In doing so, he behaved somewhat strangely. For example, he tweeted that he would use Dogecoin as a payment system – the course shot up.
Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk) May 11, 2021
Then there were tweets from time to time that described cryptocurrencies as energy guzzlers and harmful to the environment. courses fell. Of course, Elon Musk could have used this “made” price jumps in his own favor to cleverly time purchases and sales. It is precise because of this behavior that Musk is now being taken to court by a Dogecoin investor.
Specifically, Keith Johnson is taking Musk, Tesla and SpaceX to court and is suing them for $258 billion over allegations of a pyramid scheme. In addition, Johnson wants to ensure that Musk and the companies are no longer allowed to promote Dogecoin, trading Dogecoin should continue to be considered gambling. It will be interesting to see whether the lawsuit has any chance of success.
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