Elon Musk and Tesla have had a uniquely outsized influence on price movements for Bitcoin (BTC) and Dogecoin (DOGE) in recent days, weeks and months.

Elon Musk already has a track record of recklessness here, having paid a $20 million fine to the U.S. Securities and Exchange Commission in 2018 over misleading tweets about Tesla stock.

We want SEC to investigate Elon Musk's and Tesla market price manipulations.

BITCOIN (BTC) PRICE MANIPULATION:

Elon Musk and Tesla have been assertively moving the price of Bitcoin (BTC). Tesla first announced it would accept bitcoin as payment on February 8, at the same time it announced it was buying $1.5 billion worth of the cryptocurrency. That announcement helped push the price of Bitcoin over $50,000 for the first time ever. When the option to use Bitcoin then went live on March 24, it was notably clunky – so primitive, in fact, that buyers were apparently left at risk of inputting the wrong wallet address. Its unveiling was nonetheless followed by a BTC rally to over $58,000.

Then on May 12, Musk announced Tesla would no longer accept Bitcoin for payment, over environmental concerns. Bitcoin plunged nearly 10%.
 
These rallies and crashes were all driven by the most powerful logic in the cryptocurrency speculation trade: adoption is everything. Since the early days of crypto, the announcement of new companies accepting crypto payments, new exchange listings, and new major investments have been the biggest and most consistent drivers of price movement.

That logic, combined with Tesla’s reputation for innovation and Musk’s immense personal platform, mean that they have huge power to move crypto markets.
That power has been very profitable for Tesla, in ways that the conspiracy-minded might find suspect. After the bump generated in part by its own bitcoin moves, Tesla sold about 10% of its BTC for a $101 million profit, improving its first-quarter earnings results by nearly 30%.

To some extent, Tesla and Musk’s power to move markets is no different than that of veteran investors like Warren Buffett or Stanley Druckenmiller. They’re able to lead markets because people trust their judgment.

Additional suspicion is drawn to a sell off involving 19,259 BTC just minutes before Elon’s tweet and crypto community is mulling over the possibility of insider trading by Musk. 

As a public company with a team of researchers and financial advisors, Tesla and Elon Musk were well-informed about the Bitcoin mining processes and therefore the recent market manipulation event on May 12th could have been planned by Elon Musk and Tesla team 3 months ago, before they started accepting BTC payments.

DOGECOIN (DOGE) PRICE MANIPULATION

Through a series of announcements, tweets and “Saturday Night Live” quips, the electric carmaker and its CEO sent Doge price on wild rides.

Here’s the recent update: On the evening of May 13, Elon Musk tweeted that he was “Working with DOGE devs to improve system transaction efficiency.” The price of the Dogecoin cryptocurrency immediately jumped 14% and has continued legging up. It continued weeks of Dogecoin mentions by Musk, which helped the coin skyrocket – despite the fact that it was literally started as a joke and has no meaningfully differentiating technological features.

Musk was substantially responsible for a meteoric run-up in DOGE that started in early April.

As a bigger picture, it looks like Elon Musk's secret mission could be monopolization of the entire crypto space via his extremely popular social media by using Doge as his one coin putting DOGE holders in a uniquely vulnerable position, dependent on the good graces of one man to hold up billions of dollars of nominal value:

WHY ELON MUSK AND DOGE ARE A HUGE THREAT FOR CRYPTO INVESTORS:

- Elon Musk has expressed interest in Doge since at least 2019 and Dogecoin developers have confirmed that Tesla CEO Elon Musk has been advising DOGE developers since 2019. They have also said that there is a technical upgrade in the pipeline.

- Elon Musk has been aggressively pushing *almost centralized* cryptocurrency (DOGE) via his Twitter account

- Elon Musk is aggressively pushing *almost centralized* DOGE by spreading FUD over Bitcoin, the leading cryptocurrency, by claiming that Bitcoin mining is not energy efficient. 

* WHY DOGE IS ALMOST CENTRALIZED CRYPTOCURRENCY:

- 1 Dogecoin address holds 27% of all DOGE

- Top 20 addresses hold more than 50% of all DOGE

- Since Elon Musk started working with DOGE team a few years ago, there is a high probability that Elon himself stands behind the Doge whale wallets and controls more than 50% of the crypto asset.

"IF YOU BUY STOCK WITH THE PURPOSE OF PUSHING THE PRICE UP SO THAT OTHER PEOPLE WILL BUY IT, THAT’S MARKET MANIPULATION."

Links:

Musk Has Doge on a Leash. Is He a Manipulator?: https://www.coindesk.com/elon-musk-tesla-doge-bitcoin-manipulation

Elon Musk Accused of Bitcoin Market Manipulation By Top Economist: https://www.tomshardware.com/news/elon-musk-accused-bitcoin-market-manipulation

Elon Musk Hints At Possible Dumping Of Tesla's Bitcoin Holdings: https://www.benzinga.com/markets/cryptocurrency/21/05/21143893/elon-musk-hints-at-possible-dumping-of-teslas-bitcoin-holdings

Musk Says Tesla Sold Bitcoin to Prove Liquidity as Cash Alternative: https://www.bloomberg.com/news/articles/2021-04-26/musk-tesla-sold-bitcoin-to-prove-liquidity-as-cash-alternative

Top 0.002% $DOGE Holders Control 2/3 Supply: https://www.thestreet.com/crypto/news/dogecoin-is-very-top-heavy-cryptocurrency-analysis-shows