Tesla CEO Elon Musk has his reputation index hit the lowest level among Twitter users since he poured out tweets related to virtual currency last month, according to a survey.
Yahoo Finance, an online economic media outlet in the U.S., reported on the 3rd (local time) that Musk’s reputation for Bitcoin has hit a low point on Twitter since he talked about bitcoin.
Awario measures reputation indices by dividing tweets expressing positive emotions for a particular person or a particular brand into tweets expressing negative emotions.
Awario has been investigating Musk reputation since October last year.
Musk had similar positive and negative (16.2%) tweets in January, but last month, when he poured out virtual currency tweets, the positive decreased to 14.9% and the negative increased to 19.2%.
Musk’s reputation index fell 25 percent to its lowest level in four months.
Yahoo Finance reported that there has been an increase in negative tweets about Musk since Musk announced on the 12th of last month that he would stop paying for bitcoin for Tesla electric vehicles.
Musk publicly declared earlier this year that he was a Bitcoin supporter and launched the market by allowing bitcoin payments to Tesla cars and Tesla’s $1.5 billion bitcoin investment, but abruptly declared a halt to the payment, citing the adverse impact of bitcoin mining on the environment.
Since then, Musk has continued to shake the market by cutting Bitcoin and tweeting one after another, Dogecoin, a virtual currency.
As interest in Musk’s unexpected tweet, which may come up when, grew, his Twitter account followers increased by more than 3 million to 56 million last month.
However, some pointed out that Musk’s criticism of Bitcoin could be a boomerang aimed at Tesla.
“Because Bitcoin is the future and source of virtual currency, Musk is moving into an area that may not be the best argument,” said Los Gerber, CEO of investment management firm Gerbergawasaki with a considerable stake in Tesla.
He then pointed out that it is dangerous for Musk to turn his back on Musk and ultimately turn his back on Tesla due to a sharp drop in bitcoin prices.
Some observers say that Musk may have been refraining from tweets related to virtual currency in recent years, conscious of criticism.
Musk said on the 24th of last month that he supports Bitcoin miners in North America when they decided to form a consultative body that transparently discloses their energy usage, and since then, Musk’s tweets on cryptocurrency have slowed down.
