Elon Musk, who has a significant value in the crypto money market and is a strict follower of Dogecoin, warned the Federal Reserve with his latest statements! Here are the details…
Elon Musk’s call to the FED: “Interest rates need to be lowered immediately!”
As we quoted as Kriptokoin.com, the USA faced a major banking crisis. Tesla CEO Elon Musk, on the subject, criticized the US Federal Reserve in his posts on Twitter and once again called on the Fed to lower interest rates. As you know, three big US banks went bankrupt last week, and Elon Musk continues his tough stance against the US Federal Reserve.
Making statements about interest rates last December, the name said, “Under the risk of recurrence, these Fed rate hikes may go down in history as the most damaging.” Finally, after computer scientist and essayist Paul Graham shared an article on banking problems in the USA published by the Washington Post, Elon Musk responded to Graham’s tweet.
FDIC needs to change to unlimited coverage to stop bank runs and Treasury needs to stop issuing ridiculously high yield bills, such that it makes no sense to have money in a low interest rate bank “savings” account. Right now.
— Elon Musk (@elonmusk) March 18, 2023
“The FDIC needs to switch to unlimited collateral to stop bank floods, and the Treasury should stop issuing ridiculously high-yield bonds so that there’s no point in having money in a low-interest rate bank ‘saving’ account.”
However, in his statement, the famous name said, “FED works with very high latency data. The interest must be lowered immediately.” in his words.
Dogecoin founder Billy Markus and Elon Musk show interest in the “Inverse Cramer” indicator
On the other hand, Tesla CEO and DOGE follower Elon Musk, one of the popular names in the market, once again created the agenda on social media, this time with Jim Cramer’s tweet about market forecasts. Cramer, the host of CNBC’s “Mad Money” program, which is often featured with inadequate investment advice, advised investors to sell their remaining cryptocurrencies during a market rally in his latest predictions. However, the market continued to recover and BTC reached a new high after 9 months.
Cramer drew the reaction of many investors with the recovery of the market. In fact, a Twitter account called “Inverse Cramer Tracker” and a website were opened, which shared the exact opposite of Cramer’s predictions, which was the subject of ridicule on Twitter. On the other hand, many investors expressed their interest in this new indicator via Twitter. Given Cramer’s history of giving bad investment advice, it’s no wonder investors are looking for a way to shield themselves from his predictions. Billy Markus and Twitter CEO Elon Musk made fun of Cramer over the tweet they shared. It is not yet known whether the support given by famous names for the “Inverse Cramer” indicator will have a similar effect on the market.
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