What is Elon Musk doing in Terms of Bitcoin Trading?
Well, for one thing, any rumors of Elon Musk investing in Bitcoin trading systems are just that - rumors. The media will state that there is no evidence supporting the many tall claims circulating. These claims say that Musk is investing heavily in Bitcoin trading platforms.
So why are so many Bitcoin Trading Platforms Named after him?
Well, so Musk hasn’t directly invested in any Bitcoin trading systems. That said, he’s invested plenty in Bitcoin itself. He plunked down USD 1.5 billion in Bitcoin in February of this year. He invested in Bitcoin through his car company Tesla and guess what? He started to make much more money for Tesla. His investment venture helped Tesla out tremendously. It made Tesla more flexible and helped to diversify its portfolio.
So now that you know that Elon Musk hasn’t directly invested in any Bitcoin trading systems, it’s time for the million-dollar question. “So why are so many Bitcoin trading platforms named after him?” Well, it’s a simple marketing concept that has always worked. It runs off of the following principle: associating a brand with a famous person helps it (the brand) sell better!
There’s a reason why people name Bitcoin trading platforms after Elon Musk. They know that people know that Musk is a high-tech freak. He’ll gladly associate himself with anything tech-related, new, and hot! But these people aren’t dumb. They know that people don’t always do their research before investing in something high-tech and new! They just take the name of the product or platform at face value!
Many people invest in platforms like Bitcoin Trader and Bitcoin Loophole because they honestly think that Elon Musk sponsors and endorses them. Well, now you know that this is far from the truth! However, just because Elon Musk doesn’t support a particular Bitcoin trading platform doesn’t mean it’s a lousy scam!
Should you Trade in an Elon Musk-Inspired Bitcoin Trading Platform?
The answer is, “It depends!” These trading platforms are a Godsend if you love trading in different currencies and want your transactions to be secure. So who cares if Elon Musk has nothing to do with them?
Here are some reasons why you may want to use a Bitcoin trading platform:
Okay, so most of these Bitcoin trading platforms may have nothing to do with Elon Musk. The only common factor that Elon Musk may have with these platforms is the name. That said, Bitcoin is safe, secure, and here to stay. Therefore, if you want to trade on a Bitcoin platform, please feel free to do so!