Veteran Crypto Trader Peter Brandt mocks opponents of Elon Musk’s Twitter Takeover, says they should report to congress

0
61
Twitter

While news of Twitter’s acceptance to sell itself to Tesla’s Elon Musk has been happily embraced by many cryptocurrency traders, there seem to be some who do not fancy the development. 

Brandt mocks those Opposed to Musk’s Twitter Takeover

Veteran futures trader Peter Brandt has come out publicly to mock those who fault Twitter for agreeing to sell the company to Elo Musk. 

In his statement, Brandt urged the United States Congress to step up and disrupt Musk’s effort to finalize acquiring Twitter to protect media companies like the New York Times, NPR, and NBC.

“How dare Elon Musk thinks he can buy a media company??? Congress must act now to preserve the rights of the @nytimes, @NPR, and @NBCNews to tell people what they should think. The hissy-fit the Left is having over this is absolutely hilarious,” Brandt noted on Twitter.

Can the Deal be Halted?

Although Twitter has agreed to sell Musk and the deal be finalized this year, the microblogging company highlighted that the deal’s completion would depend on shareholders and regulatory approval.

And should the authorities or stakeholders perceive any threat to Musk’s Twitter acquisition, the deal may collapse altogether.  

Musk’s Plans for Cryptocurrency

The imminent takeover of Twitter by Elon spells a big step for the global cryptocurrency community, especially Dogecoin enthusiasts, hoping that the deal pulls through.

Musk, a known Dogecoin (DOGE) proponent, disclosed earlier that he would develop a social media platform that uses DOGE, which would further increase the utility of the memecoin.

Furthermore, the billionaire investor also noted that he would wage war on Twitter spambots and those behind this illicit technique, who continue to make crypto-related scam posts to entice unsuspecting victims into investing their cryptocurrencies in malicious projects.

Peter Schiff Smart Advice To Elon

Peter Schiff the well know bitcoin opponent suggested Musk should sell Tesla:

“Since elonmusk is actually buying Twitter the smart move is to sell TSLA. At some point, the Tesla bubble will pop, and Musk’s shares will be force-sold after the collapse to cover his margin debt. Given the size of his position the block will likely trade at a large discount.” 

LEAVE A REPLY

Please enter your comment!
Please enter your name here