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Elon Musk Degrades Crypto, Web3-Leading to Market Crash

Elon Musk Degrades Crypto, Web3-Leading to Market Crash


  • Elon Musk tweets degrading crypto overall.
  • Complete crypto market slumps down after Elon’s tweet. 
  • Tweet symbolizes Elon criticizing his brother Kimbal Musk.

It’s been quite a long time since our favourite critic, Elon Musk makes a controversial tweet, especially upon the crypto industry. Besides being a prominent influential person in the crypto industry, Elon Musk takes against crypto in a rather different approach. 

The true intentions are still skeptical as whether he straightly and abruptly puts against the crypto or it’s just a small clash between the siblings!

The Controversial Tweet

In the early hours of Saturday, Elon Musk took upon twitter to express his views. Note, whatsoever he tweets if it is regarding crypto, then bang! There you have the hot fire crypto news for the day and so does the market sways accordingly. 

In spite of all this, Elon Musk tweeted in form a meme this time. Upon the meme content is first a picture of a guy who Elon terms is him at the restroom taking a leak. 

Upon the same meme, next comes a guy who Elon Musk mentions as ‘Web3 people’. The ‘Web3 people’ guy comes and stands next to him. He too started to take a leak. 

And so, upon this, the ‘Web3 people’ guy starts a conversation stating that he should really get into crypto. Furthermore, he terms that Web3 is the future and that Elon should join the Decentralized Autonomous Organization (DAO)

What Does Elon Musk Really Means Upon His Tweet?

Within a short span, the complete crypto market slumped down, denoting a complete crypto market crash. Even Bitcoin (BTC) is still down by 11%.  However, whether it is because of Elon Musk’s tweet or not is a controversy. 

Moreover, Elon’s younger sibling, Kimbal Musk is actually making up his own DAO termed as ‘Big Green DAO’ focused towards gardening developments for kids. 

Maybe as his younger brother is completely into DAO, Elon Musk seems to bring about a sibling rivalry here. And so, if that’s the case then it’s purely evident that the big brother is not so happy with the younger ones activities!





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