Many newcomers to the crypto market, especially those from other financial markets (stocks), were puzzled and surprised when they saw that a few words from “Elon Musk” on Twitter shook the crypto market either positively or negatively.

Elon Musk of Tesla is one of the few influential people who have exercised a significant influence on the price of Bitcoin recently.

in It’s a podcast Speaking about the impact of Elon Musk, Dan Heald, director of growth and development at Kraken, said:

It is very humiliating.

What Musk is doing is absolutely ridiculous and makes this market look like nothing.

Dan Held expressed his disappointment about the impact of Elon Musk, as Held clarified and continued to stress that there was no idea what Musk was doing.

Read:More than $5 billion worth of Ethereum has been burned since the August 2021 upgrade…Details here

On the other hand, podcast host Peter McCormack reacted to Held’s statement and also stated:

Others from the industry, including the likes of Adam Buck, deserve more influence in the markets than idiots like Musk.

Continuing the aforementioned perspective and idea, Held stated that the CEO of Tesla was just lucky to have affected the crypto market in this way.

And he said:

Bitcoin is bigger than Elon Musk.

Bitcoin is bigger than anyone else.

We don’t really care what Elon has to say about Bitcoin anymore.

He added:

The future of Bitcoin should be determined by the consensus of the entire network, rather than a small, wealthy, and highly influential group.

Even those big guys who come and sway will lose their leverage very quickly with time.

Regardless of the idea of ​​a “Bitcoin Board”, which was promoted by “Michael Saylor” and “Elon Musk”:

Michael Saylor Defends Elon Musk Over Bitcoin Mining Board and Centralization Criticism

Held emphasized that he fundamentally disagrees with the idea itself.

Read:So far…we have tended to vote for the “Terra” founder’s proposal to split from the main network

Commenting on the recent discussion about bitcoin’s energy consumption that Musk took as an excuse, he told Held that bitcoin was doing an exceptional job and didn’t have to defend its energy consumption, and went on:

We should fall back on the narrative that Bitcoin is a waste of energy or filth.

It’s totally absurd and a double standard narrative.

In the end, Musk may come and may leave, but bitcoin will last forever!

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