Erik Nurm was a big fan of yesteryear’s tech giants until he heard about the SEC’s investigation into Elon Musk’s deal with SolarCity. He then decided to tweet about it and generated a firestorm of media attention.
Erik Nurmi is the Founder of CoinSwap, a crypto exchange that offers a low commission rate, fiat on-ramps, and 24/7 support. He’s also the founder of the crypto community in Europe, and is often referred to as the “mother of Europe’s crypto scene”.
The founder of CoinSwap Platform, Erik Nurm, has recently published an article in which he strongly criticizes Elon Musk for being a “hypocrite” regarding cryptocurrency. In his opinion, Musk’s opinion on cryptocurrencies is just a personal one, since his company is a major blockchain network and Bitcoin is its native currency.
Erik Nurm, the creator of CoinSwap, expresses his opinions in a brusque way, totally smashing Elon Musk. He gets out of the way, and the effect of his tweets totally skews the bitcoin market. Despite this, Musk’s post has garnered a lot of attention across the globe.
Musk’s thrashing
Elon Musk, as the CEO of Tesla and SpaceX, is still seen as a major participant in the cryptocurrency business and market. His tweets are radical, as is the way they raise the price of the coins he tweets about. Many other cryptocurrency entrepreneurs and CEOs of investment firms are dubious about Elon Musk’s ability to command and control the crypto market via his tweets.
Musk’s practice of commenting and tweeting about cryptocurrencies, according to Erik Nurm, CEO and creator of CoinSwap, began when he was banned from tweeting about his own business, Tesla. The Securities and Exchange Commission (SEC) of the United States is responsible for this action against Elon Musk.
Furthermore, according to the CoinSwap creator, Tesla’s CEO is playing the same game as he did before with the stock market. Now, the game is crucially played on a variety of cryptocurrencies, most notably Bitcoin (BTC), according to Nurm.
Nurn too perseveres and is steadfast in his beliefs. Elon Musk has full control and dominance over the whole crypto market.
Elon Musk’s Complete Actions and Tweets
Elon Musk has been thrashed by well-known figures before, so this is nothing new. From time to time, a slew of celebrities and powerful figures come out against Musk.
Magda Wierzycka, Sygnia’s Founder and Non-Executive Director, recently spoke out against Elon Musk’s full crypto market manipulation. Musk should be apprehended, probed, and punished for such market manipulations, she raged.
Despite this, we are all aware of how his tweets caused the price of Dogecoin and Bitcoin (BTC) to rise and decrease in response to his tweets.
Furthermore, Elon Musk’s recent Bitcoin manipulation explains why he has stopped accepting Bitcoin payments for Tesla. The price of Bitcoin fell dramatically as a consequence of his tweet and statement. He said that his decision was made to halt and manage the carbon footprints left by Bitcoin mining.
Nonetheless, Musk changed his stance a few days ago, saying that Tesla would accept BTC payments provided 50% of the mining for that specific BTC is done using pure green energy.
Nurm also mentioned Musk’s bet with the CumRocket (CUMMIES), a token built on the Binance smart chain that is exclusively for usage in the pornographic sector. His post on June 5 lit the token ablaze, causing its price to skyrocket by almost 350 percent. Despite this, Nurm concluded that although Musk has an impact on the crypto market and beginner and intermediate traders, his efforts would ultimately benefit the whole crypto sector.
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