With just a few words, memes, emojis and likes, the world’s third-richest person has sent the value of cryptocurrencies both diving and soaring in recent months – notably with his jocular backing of dogecoin, followed more recently by sobering claims of concern over bitcoin’s environmental impact.
In the latest turn of the saga, which has seen crypto investors’ fortunes rise and fall, the value of bitcoin dropped seven per cent on Friday after Musk shared a meme about a breakup to his 56 million Twitter followers, which some investors took as an indication that his electric vehicle company could intend to sell off its coins, having purchased $1.5bn-worth in February.
The hacking group claimed his erratic public dalliance with cryptocurrencies “show a clear disregard for the average working person”.
Suggesting that Mr Musk has “enjoyed one of the most favourable reputations of anyone in the billionaire class” by tapping into the desire many people have to live in a world with electric cars and space exploration, a Guy Fawkes mask-clad member of the hactivist group described him as the only CEO of such a company to have “gained a cult following through s***posting and trolling the world on social media”.
In a video viewed more than one million times since it…