Who loves Crypto More ? (Read full before comment)
A) Elon Musk
B) Trump
C) Narendra Modi
D) add to list (any other you want)
remember :
Elon Musk has been a significant influencer in the crypto market, often causing dramatic price swings with a single tweet. His posts about Dogecoin, Bitcoin, and other tokens have triggered massive buying or selling sprees. For instance, when he announced Tesla would accept Bitcoin, prices soared—only to crash when he later reversed that decision due to environmental concerns. His memes and cryptic tweets about Dogecoin have repeatedly sparked volatility. While some see this as playful, others view it as manipulation, as retail investors often act emotionally based on his statements, leading to short-term gains or losses driven more by hype than fundamentals.
Donald Trump, while not as directly involved in crypto as others, has influenced the market through his political stance and public statements. Initially critical of cryptocurrencies, calling them a threat to the U.S. dollar, his words have stirred fear, uncertainty, and doubt (FUD) among investors. However, his recent pivot to supporting crypto-friendly policies and embracing NFTs has created waves in the market. By aligning his campaign with pro-crypto narratives, he appeals to younger, tech-savvy voters and speculators. This shift causes speculative moves in crypto assets, especially politically themed tokens, showing how his influence can sway sentiment and drive price movements indirectly.
Prime Minister Narendra Modi doesn’t manipulate the crypto market directly like celebrities or influencers, but his government's policies and public statements significantly impact market.
Announcements related to crypto regulation, taxation (like the 30% tax on crypto gains), or potential bans have caused sharp reactions among Indian investors. Unclear regulatory frameworks and sudden policy moves create fear or optimism, leading to fluctuations in trading volumes and market behavior.
