Twitter CEO Elon Musk has predicted that Bitcoin will eventually bounce back from its current wintery state. The owner of Tesla has a lot of sway over the DOGE and is a big proponent of cryptocurrency. Additionally, Musk thinks Bitcoin, Ethereum, and Dogecoin will succeed despite the crypto industry winter and the FTX’s collapse.
FTX meltdown/ransack being tracked in real-time on Twitter
— Elon Musk (@elonmusk) November 12, 2022
Musk’s comments on Bitcoin’s future were in response to a Twitter user’s discussion of the cryptocurrency’s price, which has fallen to around $16,000 from a high of nearly $70,000 a year ago. Following Musk’s remark, the price increased from $17,000 to the current trading price of $16,767, a rise of 4.88% as of this writing.
His holdings in bitcoin are similar to those of Tesla and SpaceX, as was previously mentioned. The company has $218 million in digital assets and has liquidated 75% of its BTC holdings, as per its latest SEC filings. On Saturday, as a DOGE supporter, Elon Musk responded on Twitter with the bold claim that DOGE would one day reach the Moon.
Musk has been a supporter of the parody cryptocurrency for quite some time, earning him the title of “Dogefather” within the DOGE subreddit. Recently, the billionaire said that he has invested in and plans to continue buying dogecoins as a joke currency. He thinks there’s money to be made with dogecoin. And since his backing drives up the price of DOGE—currently selling at $0.08627, up 6.30 percent as I write this—he’d like to see it accepted as payment on the Twitter network. To add insult to injury, he tweeted on Saturday that.
Elon Musk, CEO of Twitter, has stated that Bitcoin will emerge from its current dormancy. The Tesla CEO is a strong supporter of bitcoin and has considerable control over the DOGE. Further, Musk is certain that Bitcoin, Ethereum, and Dogecoin will be successful despite the crypto industry winter and the FTX‘s collapse.
If you are seeking some other information, then Smartnewszone.com can help you.