Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram YouTube
    MarketbusinessMarketbusiness
    • Home
    • Economy
    • Finance
    • Industry
    • Investment
    • Markets
    • Market Analysis
    MarketbusinessMarketbusiness
    Home»All»Elon Musk Lambasted For ‘Selfish’ Crypto Shilling
    All

    Elon Musk Lambasted For ‘Selfish’ Crypto Shilling

    AdamBy AdamMay 12, 2021Updated:June 12, 2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Tesla CEO and so-called “Dogefather” Elon Musk has been slammed by crypto pioneer Nick Spanos for his “selfish” crypto shilling.

    Speaking to Cointelegraph earlier this week, just days after Musk posted another cryptic tweet which caused the price of CumRocket to briefly spike over 300 percent, Spanos said the Tesla founder has been trying to manipulate the crypto markets to purchase coins at a better price.

    “Musk harmed countless people less fortunate than he in his selfish shilling and moves to get cheaper coin,” Spanos, founder of ZAP Protocol – an oracles and smart contracts marketplace – said.

    “People believe in Bitcoin because it’s a path to monetary independence from central banks, and he’s attacking their trust with reckless tweets and abuse of influence. Instead of being a role model, he is revealing less favorable primal characteristics.

    “Arrogance and greed cannot shield him from consequences. If the SEC isn’t going to sanction him for manipulating markets like they did before, perhaps the activists will.

    “It’s not hard to imagine a scenario where people who trust their lives with his technology could see incidents where that trust maybe even catastrophically ends,” he added.

    Musk remains active in the crypto markets – and it’s anyone’s guess which crypto he will throw his weight behind next in what many consider to be a series of pump and dump schemes in the crypto space, with the most notable example being Dogecoin (DOGE.)

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Adam
    • Website

    Related Posts

    Key Benefits and Risks of Using Bitcoin to Buy Visa Cards

    April 21, 2025

    25 Virtual Office Games to Bring Back That Friday Feeling

    January 16, 2025

    How to Balance Your Hobby and Financial Goals with Games

    January 9, 2025
    Recent Post

    Win More Listings with a Real Estate Listing Presentation Template That Works

    May 9, 2025

    Top 6 Tips on How to Market Your Coaching Business

    May 5, 2025

    Why the Gig Economy Isn’t Just a Side Hustle Anymore

    May 2, 2025

    Why the Bill of Quantities Is a Bigger Deal Than You Think

    April 29, 2025

    How Pipeline Development Pre-Sages Canadian Economic Growth

    April 29, 2025
    Categories
    • Agriculture Businesses
    • Automotive
    • Blog
    • Business
    • Digital Marketing
    • E-commerce
    • Economy
    • Event Management
    • Fashion
    • Health
    • Featured
    • Finance
    • Financial Markets
    • Industry
    • Investment
    • Law
    • Market Analysis
    • Markets
    • New Ideas
    • News
    • Online Business
    • Real estate
    • Reviews
    • Social Media
    • Technology
    • Travel
    • Lifestyle
    • Vat & Tax
    Facebook X (Twitter) Instagram Pinterest
    • Contact Us
    • Privacy Policy
    Marketbusiness.net © 2025, All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.