Elon Musk Bitcoin – Is it Legit, or a Scam?

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Elon Musk

‘Elon Musk Bitcoin’, a term searched by traders around the world in order to find out facts about Elon Musk’s cryptocurrency investments, is not legit.

Elon Musk is a businessman and a very successful entrepreneur. Earlier in 2022, Elon Musk became the world’s richest man with a net worth of $185 billion. He is the CEO, founder of Space X. He is most renowned for being the CEO and Product Architect of the world-renowned company that produces electric cars – Tesla Inc, and its involvement in cryptocurrency.

Buying into cryptocurrency has made Elon Musk and Tesla linked to many Bitcoin platforms. It is not surprising to see some internet concepts like Elon Musk Bitcoin 2022, Elon Musk Bitcoin Trading, Elon Musk Bitcoin Trader, Elon Musk Bitcoin Cryptocurrency, and many others. What makes your Bitcoin platform seem more genuine than having one of the richest men in the world be involved with it? However, most of these platforms are not in any way linked to Elon Musk.

Elon Musk Bitcoin – Viral Trend

On February 8, 2021, Tesla bought about $1.5 Billion into Bitcoin and started receiving payments in bitcoin. In one of Elon Musk Bitcoin tweets, he relayed that Tesla buying into bitcoin was majorly for flexibility and diversification to generate more income for the company. After such a big announcement, it wouldn’t surprise anyone if they hear that Elon Musk has endorsed bitcoin platforms. Such news would make people believe in the websites even more.

However, even though Elon Musk is involved in Bitcoin and Cryptocurrency, some Bitcoin platforms have been linked with him that Elon Musk didn’t endorse. These platforms use the involvement of Elon Musk in Bitcoin to bring more people to them.

Elon Musk Bitcoin – Is it a Scam?

Elon Musk does not use Bitcoin robots. There are many Bitcoin trading bots in the world now. They are trading AIs that have been programmed with algorithms that make them carry out automatic trades. Some of these trading bots are connected to Elon Musk, and many individuals are therefore resorting to these bots. The involvement of Elon Musk with bitcoin trading bots is untenable.

List of Bitcoin Robots (December 2022)

Elon Musk is not associated or linked with any bitcoin robot or bitcoin trading system, however, the following sites are some of the Bitcoin Trading Bots/platforms that have been reportedly linked with Elon Musk.

1. Bitcoin Trader

Bitcoin Trader

Bitcoin Trader is the oldest Bitcoin Trading bot which was launched in 2016/2017. This AI researches the crypto market based on the algorithm used to create it, and it would instruct the trader to make some trades or make them automatically for the trader upon the trader’s order.

Did Elon Musk Endorse Bitcoin Trader?

No.

Elon Musk talking about Bitcoin makes traders and investors in the crypto market always on their heels. There was a time Elon Musk called Dogecoin a hustle, and the aftermath wasn’t good for the coin. Linking Elon Musk to Bitcoin Trader by sites and blogs is just one of the ways these sites get people to click on their sites and blogs to get more views. Elon Musk has never said done anything as regards his relationship with Bitcoin Trader AI. Elon Musk has shown his interest in Bitcoin by getting Tesla involved in it, but any site that says Elon Musk has invested or endorsed in Bitcoin Trader is nothing but a lie to get clicks and views on their sites.

Advantages of Bitcoin Trader

Elon Musk not endorsing this AI trader doesn’t mean it is not top-notch. The following are some of the advantages of Bitcoin Trader.

You can trade multiple cryptocurrencies.

It is easy to set up and get verified.

Easy Withdrawal.

Using Bitcoin trader is free, and you don’t need to download the app as it is website-based.

How to Trade with Bitcoin Trader

  • Register an account on the website.
  • Fund your account with at least $250.
  • Trade using the platform algorithm by using the demo account.
  • When you have learnt the instructions, start trading.

 

2. Bitcoin Loophole

Bitcoin Loophole

Bitcoin loophole is an AI that analyses the market. From the market analysis, Bitcoin Loophole places a buy or sell order, depending on the algorithm. A price range would have been set by the algorithm, and the AI once the price has been reached, it would sell or buy, depending on the market analysis.

Does Elon Musk Endorse Bitcoin Loophole?

No.

Bitcoin Loophole being endorsed by Elon Musk is another Elon Musk Bitcoin scam. Many people hold the business magnate, Elon Musk in high regard, and linking him to Bitcoin Loophole by some blogs or sites makes the trading bot look more enticing. However, even though Elon Musk has said cryptocurrency is the currency of the future, nothing is linking him to Bitcoin Trading bots. Elon Musk has in no way endorsed Bitcoin Loophole.

Advantages of Bitcoin Loophole

Many people have seen that Elon Musk didn’t endorse Bitcoin Loophole, they would be less enthusiastic to use the bot. However, there are certain advantages that this bot has which might be what you are looking for. The following are some of the advantages of Bitcoin Loophole.

Fast trading signals.

Efficient customer support.

Free software.

Extremely secured

How to use Bitcoin Loophole to Trade

  • Registration with the platform is the first step.
  • Deposit the minimum of $250.
  • Click on the live session button and start trading.

3. Bitcoin Era

Does Elon Musk Endorse Bitcoin Era? Bitcoin Era is another fast, secure and efficient trading bot. The bot carries out trade and gives instructions to the trader or investor very fast because of the lots of strategies that came with its algorithm – at least 15 strategies.

Does Elon Musk Endorse Bitcoin Era?

No.

Bitcoin Era has been linked on these websites and blogs to Elon Musk as one of Elon Musk Bitcoin Traders. These websites explained vaguely when discussing Elon Musk Cryptocurrency that Bitcoin Era has been endorsed and used by Elon Musk. However, this is all a lie. These statements you find on these websites do not have any proof. They are made to make people click on their platforms to get note views. In the real sense, Elon Musk didn’t endorse any Bitcoin Trading bot or platform including Bitcoin Era.

Advantages of Bitcoin Era

Without Elon Musk’s endorsement, Bitcoin Era is still very much advantageous to those that want to make money on the crypto market. The following are some of its advantages.

Unlike many complicated bots, this trading bot is easy to use.

The bot has won a lot of trading awards which means it has been used and verified by many people.

It is very secure. You don’t have to worry about your money.

How to use Bitcoin Era to trade

  • Register by opening an account.
  • Deposit the token of at least $250.
  • Use the demo version to learn how the bot works.
  • Start live trading.

 

Did Elon Musk Invest in Bitcoin?

Elon Musk in many Elon Musk Bitcoin Interviews has established that he invented Bitcoin. The question of did Elon Musk invest in Bitcoin? Did Elon Musk buy Bitcoin? has been asked frequently asked of recent. Even some traders frequently ask themselves; Did Elon Musk buy Bitcoin this morning? These questions are asked because if a billionaire like Elon Musk pumps money into Bitcoin, it benefits everybody. And the answer is that Tesla, a production company that Elon Musk is the CEO bought about $1.5bilion of Bitcoin earlier in the year. However, this doesn’t mean that all the Bitcoin platforms associated with Elon Musk have links with the 50 years old business tycoon.

Elon Musk Bitcoin in Media

Elon Musk Bitcoin Daily Mirror

From research done, there is no proof of Elon Musk talking about Bitcoin on Daily Mirror, although, they have carried news about his involvement with cryptocurrencies and some scams that have resulted from it, he has not talked on Daily Mirror about Bitcoin.

Forbes

Elon Musk Bitcoin Forbes

As one of the richest men alive, Elon Musk has surely been featured on Forbes Richest list and has many articles written about him based on his business savvy. No evidence suggests that Elon Musk has directly said anything to Forbes about Bitcoin, but he has certainly shown up in articles of him talking about bitcoin.

Elon Musk Bitcoin Good Morning Britain

Elon Musk has not done any interviews or talked on Bitcoin on the Good Morning Britain show. He has however been talked about concerning bitcoins scams that resulted from using his name to scam unsuspecting people.

Elon Musk Bitcoin CNBC

CNBC is an American news coverage outlet that carries news about politics, finance, business, tech, and so on. The news outlet as part of its duty has reported on the news of Elon Musk’s investment in Bitcoin but no evidence shows that the outlet has directly interviewed him on the subject.

BBC - British Trade Platform

Elon Musk Bitcoin BBC News

BBC News has reported on an Elon Musk impersonator who used the business tycoon’s name to scam people of their bitcoin. Regarding his involvement with bitcoin, Elon Musk has not talked or appeared on BBC News.

NYTimes

Elon Musk Bitcoin NYTimes

Almost all the major newspapers and news outlets have talked about Elon Musk’s involvement with Bitcoin and his company and how all that has affected the price of the said coin. It has not been found that Elon Musk talked with NYTimes about his bitcoin or his company’s bitcoin investment.

Mirror Trading International

Elon Musk Bitcoin Mirror

The mirror is a UK News outlet that talks about celebrities, gossips, news, and all that is happening. As Elon Musk is a celebrity in the technological world, he has been talked about on the platform and his connection to bitcoin but there is no evidence that Musk has granted the news outlet an interview to talk about his bitcoin investments.

Elon Musk Says on Bitcoin

Elon Musk has been a very prominent voice when it comes to cryptocurrency. He has been responsible for some pumping and dumping of bitcoin and other cryptocurrencies. Lately, he admitted to owning bitcoin and some other coins. Tesla Motors in which Elon musk acts as CEO also bought $1.5 billion of bitcoin and until recently accepted bitcoin as a form of payment. From all his conversation, Elon Musk says he supports bitcoin and want it to succeed as a currency because as the price goes up, his money also increases. He has said that soon, Tesla Motors can accept bitcoin as a form of payment again.

Elon Musk on Dogecoin

Dogecoin was created as a parody of Cryptocurrency in 2013 but has gained a lot of followers and internet sensation. The coin has attracted people like Elon Musk who recently tweeted that Dogecoin is not just a way to make money, but it is money itself. Elon Musk has confirmed that among other Cryptocurrencies owned by him is Dogecoin and he is not ready to sell it anytime soon. Most of his tweets have caused a massive increase in the price of the coin.

Bitcoin Price Elon Musk

Musk, one of the most well-known cryptocurrency proponents, announced in May 2021 that Tesla would no longer accept bitcoin for automobile purchases, citing long-standing environmental concerns. Following Musk’s post in May, bitcoin plummeted by more than 10%. Also, the price of bitcoin soared to a three-week high when Elon Musk announced that Tesla would resume enabling bitcoin transactions if crypto mining became more environmentally friendly. This shift in policy on bitcoin acceptance once again demonstrated Tesla’s billionaire CEO’s continued ability to affect the price of bitcoin and other cryptocurrencies.

Elon Musk Bitcoin Tweets

The crypto market moves in synch with Elon Musk’s tweets. The billionaire and Tesla CEO have also been tweeting a lot about cryptocurrency, pushing the price of bitcoin and dogecoin up and down in less than 280 characters. Musk’s tweets, while not strictly posted for financial benefit, significantly impact bitcoin investors. This indicates that Musk’s hold over the crypto markets is so powerful that his tweets can still significantly impact bitcoin’s performance. However,  there’s no record of Elon tweeting about any Bitcoin robot endorsement, nor has he invested in any.

Elon Musk Bitcoin: Conclusion

Elon Musk is not associated with any bitcoin robot or bitcoin trading system.

Elon Musk has shown his interest in Bitcoin when his company, Tesla Inc, decided to buy $1.5billion Bitcoin and started accepting Bitcoin for payment. This has made some other Bitcoin platforms use his name to lure more people. This is because wherever the business tycoon is involved, profits are bound to be made. However, these platforms associates themselves with him, but it is nothing but a lie; most especially, Trading Bots; discard all the news of Elon Musk’s association with them.

FAQs

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About Peter Knight PRO INVESTOR

Peter Knight is a content writer and also a Crypto enthusiast with years of experience as an investor/trader in the crypto market. Peter believes Cryptocurrency is the future of the Fintech industry, and it is his passion to enlighten people about it. As a result, Peter has written articles on many aspects of the Cryptoverse through thorough research and analysis, reviewing different trading platforms including crypto trading, forex, and stock trading. Now, Peter writes honest reviews about trading platforms and automated trading tools to guide inexperienced traders and help intending users make good choices.