He just realized that he can, so he does it.

Probably got on the market before the BTC/Tesla announcement and then pumped it, then thew DOGE in the for the memes and then Tesla announces that BTC consumes too much energy and that are looking out for a greener alternative. ETH is switching to PoS. At this point, he is probably slowly filling bags of ETH and gonna pump as soon as PoW on ETH ends. Expect a series of excited twits from Elon then

My friend Eddie, who knows a lot about Elon Musk, says Musk is setting the stage to start his own coin, funded by divesting bitcoin. Mining will be performed on the moon and powered by solar. By using Luna Block Coin you'll be supporting the first moon colony and also helping save the planet and get a favorable warranty on your Tesla. Eddie's a little weird (his walls are covered in clippings about Musk with all these strings and sticky notes over top), but I kinda hope he's right here.

I didn't believe this theory at first but then I noticed that Elon Musk is actually an anagram of Pepe Silvia and it all started to click into place.

Seems like I've bern hearing "Eth is switching to PoS" for like a couple of years now.

What's the actual timeframe for that move?

I expect the same, incidentally.

As soon as Tesla stated that btc was bad for the environment it was clear they'd be leaping on eth in the future.

ELON already exists, 630m market cap right now...

https://www.dextools.io/app/uniswap/pair-explorer/0x7b736449...

Those properties mean it could actually work as a currency, unlike bitcoin.

It also can handle higher transaction volume with cheaper fees.

I don't think it'd be a good currency, but it's funny to compare it with bitcoin which was marketed as such but is totally a failure for that use case.

No one wants negative rate savings accounts.

It's meant to be a currency not a savings account. It's not called cryptosavings - although perhaps it should be. Bitcoin is sort of like digital gold, but totally sucks as a currency or way of transacting.

If it is inflationary like doge you have the incentive to spend it instead of hoard it.

Huge segments of the population use a savings account as their primary method of saving money; they don't invest, at all.