I don’t suppose it would shock anyone to know that the celebrity CEO was responsible for a grant for this foreign professor who is spreading doom and gloom prophecies for the big crypto coin.
As it tanks, the CEO swoops in to make a profit.
Professor At Elon Musk’s Alma Mater On Why Bitcoin Is The New Gold For Millennials
Jeremy Siegel, Wharton finance professor, said younger market participants now look to bitcoin to protect themselves from asset devaluation in the face of inflation.
“Let’s face the fact, I think Bitcoin as an inflation hedge in the minds of many younger investors has replaced gold. Digital coins are the new gold for Millennials. I think that the story of gold is a fact that the younger generation regards Bitcoin as a substitute.” Siegel said.
Jeremy Siegel said that gold, as well as other commodities, failed to meet expectations in the past year, while Bitcoin was increasingly becoming the preferred choice for the new generation of investors. Siegel reminisced that the trajectory of Bitcoin in the past year was similar to that of gold in the 70s at the height of inflation. However, cryptocurrencies have stolen some of the shine from gold in recent months given their impressive performances so far. – Source
NYU Professor Says Elon Musk Is Attracting Regulators to Crypto — Regulatory Action Expected in 30 Days
NYU Professor Scott Galloway says that Tesla CEO Elon Musk is drawing additional scrutiny and regulators to the crypto space. He expects the U.S. Securities and Exchange Commission (SEC) to respond to Musk’s action in the next 30 days. Furthermore, the professor expects to see a Musk coin or a Tesla coin launching soon.
Professor Scott Galloway shared his view on the cryptocurrency market in an interview with CNN this week. A professor of Marketing at NYU Stern School of Business, he was named “One of the World’s 50 Best Business School Professors” in 2012. He also founded several firms, including L2, Red Envelope, and Prophet.
The professor calls what’s happening in the crypto market “interesting” as “We now have two entities competing for who has the influence, or more influence, over the markets.” The first is the world’s second largest economy, China, which recently reiterated its crypto crackdown from 2017, creating FUD all over again. The second is the Tesla CEO, Elon Musk, “who is literally making and destroying small fortunes 280 characters at a time,” the professor described.
“I wonder if this gets the SEC into clarifying their viewpoint in what feels like, if you don’t call it market manipulation, market shaping, influence from individuals, specifically Elon,” Galloway opined. While acknowledging that the price of bitcoin is “still up for the year,” he affirmed:
There’s no doubt about it. This is going to draw additional scrutiny.
He proceeded to describe a healthy market where no one individual or company controls any sector, which creates confidence for players to come in and invest. – Source
Read more on these Tags: Elon Musk