Elon Musk's recent tweet about "LADYS" is just the latest example of how he wields an enormous amount of power and influence in the world of cryptocurrency. While it's true that Musk has long been interested in and involved with various cryptocurrencies, his ability to move markets with just a single tweet is a cause for concern. This kind of power and influence is not only unfair, but it can also be dangerous, particularly for those who are new to the world of crypto and may be following Musk's every move. Musk's tweets can create a false sense of hype and lead to irrational buying or selling, ultimately causing unnecessary volatility in the market. This was elegantly illustrated by the massive 22,222% pump of this meme coin NFT token in just 24 hours!

Furthermore, it's important to recognise that Elon Musk is just one person, and while he may be a brilliant entrepreneur and innovator in his own right, he is not infallible. In fact, his tweets have been known to cause significant damage to companies and industries outside of the crypto space, and it's possible that his influence over the crypto market could have similarly negative effects. The fact is that no one, no matter how successful or famous, should have this much power over a market as volatile and unpredictable as cryptocurrency. People should stop blindly following the words of billionaires like Elon Musk and instead do their own research and make informed decisions based on their own analysis of the market.

The above is easier said than done however. It is, in fact, a self-fulfilling prophesy of sorts. The fact that speculators expect this behaviour when Elon tweets, go in early to try capitalising on it, hence kick starting the FOMO/FUD in the first place. In essence, the people moving the market following Elon's utterances are not even necesarily the followers of Lord Musk but, rather, opportunists there of.

Peace & Love,

Adé