KEY POINTS

  • Musk often creates shockwaves in the cryptocurrency market
  • He has 100 million followers
  • Musk is a staunch advocate of Dogecoin

Tesla and Space X CEO Elon Musk's prolonged silence on Twitter has raised various speculations among investors, with many wondering about the real reason the tech billionaire has gone dark on the micro-blogging site.

While it may sound a bit absurd to many, Musk is a person who can create shockwaves in the stock and cryptocurrency markets and his tweets give people something to talk and argue about. He spends a reasonable amount of time on Twitter, with 19,000 tweets and is the sixth person to have 100 million followers.

This is not the first time that the world's richest man has gone silent on Twitter. However, Quartz noted that this is his longest "dry spell" over the span of "10 months," disclosing that he was gone on Twitter for four days in February and three days in April.

SpaceX founder Elon Musk
SpaceX founder Elon Musk speaks at a post-launch press conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.

ElonJet, the automated Twitter account that tracks Musk's private jet's trips, revealed that the tech billionaire landed in Austin, Texas on June 24, which is where the Tesla Headquarters is situated. Apparently, Musk has not used his plane since last Friday.

The Future Fund managing partner speculated that the billionaire is maybe trying to polish the Twitter deal, adding that he might be "doing a real-time test to show what happens to $TWTR engagement if he stops tweeting."

Music Unites Soul Everywhere CEO and founder Dan San meanwhile said Musk might be the pseudonymous Bitcoin creator Satoshi Nakamoto. "There seems to be a very real possibility that Elon Musk is Satoshi Nakamoto and launched Bitcoin in 2009 nine years after he was fired from PayPal where they intended to create the world's first decentralized cryptocurrency. The more I think about it the more it makes sense," the CEO noted.

"He must be on vacation, but we really need him to get in and make changes at Twitter. Shadow banning is worse than it has ever been. They want to silence us because they don’t want us speaking the truth," said America1stWomen chair Amy Kremer.

Musk is a staunch advocate of Dogecoin and as of 5:46 a.m. ET on Friday, the dog-themed meme coin was trading up 3.91& at $0.0656 with a 24-hour volume of $566,105,285 based on the latest data from CoinMarketCap.

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