While the news that Twitter executives have agreed to sell the company to Tesla CEO Elon Musk has brought joy to many cryptocurrency traders, many cryptocurrency enthusiasts do not seem happy with the development. One of them was Peter Brandt, who came to the fore with Bitcoin (BTC) analysis. Here are the details…
Brandt, known for his Bitcoin analysis, criticized Musk’s move
One person who publicly criticized Twitter for agreeing to sell the company to Musk is veteran trader Peter Brandt. According to Brandt, the United States Congress should halt Musk’s effort to acquire Twitter entirely to protect media companies like The New York Times, NPR and NBC. Brandt used the following expressions in his recent tweet:
How does Elon Musk think he can buy a media company??? Congress must act now to protect the rights of @nytimes, @NPR and @NBCNews to tell people what to think.
Musk’s Twitter deal
Cryptocoin. As we reported on com, Twitter accepted the acquisition of Musk and the completion of the deal this year, while the social media company emphasized that the completion of the deal will be subject to shareholders and regulatory approval. If authorities detect any threat to Musk’s acquisition of Twitter, there’s a chance the deal won’t be completed as expected. Meanwhile, most members of the global cryptocurrency community, especially Dogecoin enthusiasts, will be hoping the deal will be successful.
Musk, a known Dogecoin (DOGE) advocate, has previously announced that he will develop a social media platform using DOGE that will further increase the utility of the meme coin. The billionaire investor also stated that he will wage war against Twitter spam bots and those behind this illegal technique, who continue to make crypto-related scam posts to entice victims to invest cryptocurrencies in malicious projects.
Peter Schiff also advised Musk
Well-known Bitcoin competitor Peter Schiff suggested that Musk should sell Tesla. “Since Elon Musk actually bought Twitter, the smart move is to sell Tesla,” Schiff tweeted. At some point, the Tesla bubble will burst,” he said.
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