Elon Musk is back to harvest the retail investors, this time even dogecoin isn't spared

With a single tweet from Musk, dogecoin skyrocketed by 8% instantly.

But this time is different; he didn't even mention cryptocurrency.

He simply announced that X Money is launching, a pure fiat currency payment product. The market went crazy, and dogecoin investors rushed in like they were on steroids.

This is the most authentic portrayal of the current crypto market: a bunch of people feeling their way in the dark, celebrating at the slightest sign of movement.

When Musk says he wants to do payments, everyone assumes it will be dogecoin. When Musk farts, some can interpret it as good news.

But the reality is harsh.

X Money is just an American version of Alipay, no different from Venmo. Peer-to-peer transfers, bank linking, debit card functions. No shadow of cryptocurrency anywhere.

Dogecoin investors have once again been deceived by their own fantasies.

What's more ironic is, this isn't the first time.

Since 2021, every time Musk mentions X Payments, dogecoin rises. It's always the same script, and retail investors obediently jump in each time.

It's like a gambler who never learns—knowing the house cheats but still can't resist placing bets.

Because there's a voice inside saying: What if this time is real?

But what truly matters isn't whether dogecoin will be adopted, but that 6% return rate.

Imagine a social media app offering users a 6% annual yield. That's higher than almost all US savings accounts and rivals money market funds.

What does this mean?

Musk is challenging the banks head-on.

And he chose the timing perfectly. Congress is currently discussing the "Clear Act," aiming to restrict yield products for stablecoins. While legislation limits crypto dividends to users, Musk's fiat product can openly offer a 6% return.

Isn't that double standard?

The deeper question is, where does that 6% yield come from?

Either Musk is subsidizing it himself, or he's using user funds to lend and earn interest. If it's the latter, who bears the risk?

This is a platform with hundreds of millions of users. Once something goes wrong, it's not just a few speculators affected but the entire financial system.

But Musk doesn't care. He never has.

He only cares about traffic, buzz, making X look like an all-in-one platform. As for user wallet security? That's the regulator's problem.

This is the logic of today's tech giants: grow big first, then worry about compliance. If something goes wrong, there are lawyers and PR teams to smooth things over.

And retail investors chasing dogecoin are always the last to know the truth.

They think they're investing in the future, but in reality, they're just fuel for Musk's business empire.

Every surge and crash makes some rich, while others lose everything. But Musk always wins because he controls the narrative.

A single tweet can send a token worth billions of dollars soaring or plunging—this power surpasses any central bank governor.

And the most tragic part? People know it's a scam to harvest retail investors, yet they still rush in.

Because in this era, FOMO is stronger than rationality.

The fear of missing out on a surge is far more unbearable than losing money.

So next time Musk tweets, dogecoin will still rise. Retail investors will still rush in.

That's human nature, and it's a rule that will never change in this market.

The only advice?

If you really want to play, remember one thing: never take Musk's words seriously.

Every word he says is to serve his own business interests.