CryptoInfoNet

Cryptocurrency News

Elon Musk: Bitcoin Will Make It — Dogecoin to the Moon – Markets and Prices Bitcoin News

Elon Musk: Bitcoin Will Make It, Dogecoin To The Moon

Tesla CEO and Twitter chief Elon Musk has made bullish statements about bitcoin and dogecoin regardless of crypto market sell-offs. He stated bitcoin “will make it” and “DOGE to the moon.” Amid crypto winter and the chaos surrounding bankrupt crypto trade FTX, Musk believes there’s a future for bitcoin, ethereum, and dogecoin.

Elon Musk Thinks Bitcoin ‘Will Make It’

Tesla, Spacex, and Twitter chief Elon Musk commented on the way forward for bitcoin Monday. Responding to a Twitter person asking about the place the value of the cryptocurrency might be in one other yr provided that the crypto is presently buying and selling at about $16K, down from about $69K a yr in the past, Musk wrote: “BTC will make it, but might be a long winter.”

Elon Musk: Bitcoin Will Make It — Dogecoin To The Moon

Musk’s remark might have boosted the value of bitcoin. Instantly after he tweeted, the value of BTC soared sharply from under $16K. On the time of writing, bitcoin is buying and selling at $16,987.

The billionaire, who lately acquired social media big Twitter, beforehand revealed that he personally owns bitcoin, as do Tesla and Spacex. Tesla’s newest monetary filings with the U.S. Securities and Trade Fee (SEC) confirmed that the corporate is holding about $218 million in digital property. In July, the electrical automobile firm offered 75% of its BTC holdings.

Musk has stated on a number of events that bitcoin is appropriate as a retailer of worth. Regardless of Tesla’s BTC sale, the billionaire CEO burdened: “We are certainly open to increasing our bitcoin holdings in [the] future, so this should not be taken as some verdict on bitcoin.”

Musk Says Dogecoin ‘to the Moooon’

The Tesla CEO additionally lately made a bullish remark concerning the meme cryptocurrency dogecoin (DOGE), leading to a value surge. In a Twitter Area dialogue Saturday, he exclaimed:

Doge to the moon.

Musk has lengthy been a supporter of the meme crypto; he’s generally identified by the DOGE group because the Dogefather. The billionaire beforehand revealed that he owns some dogecoins and can maintain shopping for and supporting the meme cryptocurrency. He believes dogecoin “has potential as a currency.”

Tesla presently accepts dogecoin for some merchandise. Musk additionally stated that Spacex will quickly do the identical. His Boring Firm additionally accepts the meme coin for some rides. His newly acquired social media platform, Twitter, lately filed paperwork to function a fee enterprise. Dogecoin supporters imagine that Musk plans to combine DOGE funds into Twitter.

Musk on the Way forward for Crypto

Musk was requested about the way forward for cryptocurrencies through the Twitter Area occasion Saturday given the FTX implosion.

“I would reaffirm that, if you have crypto, you should have it in a directly-accessible cold wallet. Not in an exchange. That would be wise,” he suggested, elaborating:

I believe there in all probability is a future for bitcoin, ethereum, and doge. I can’t actually converse to the others. However for those who’ve acquired a kind of three in a chilly pockets, and off an trade, I believe my guess is it really works out properly.

Tags on this story

doge to the moon, dogecoin to the moon, Elon Musk, elon musk bitcoin, Elon Musk bitcoin survive, elon musk crypto, elon musk cryptocurrency, elon musk doge, elon musk dogecoin, Elon Musk dogecoin prediction, Elon Musk dogecoin to the moon, Elon Musk predictions

Do you agree with Elon Musk about bitcoin and dogecoin? Tell us within the feedback part under.

Kevin 200X200 Closeup

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any harm or loss brought on or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.

Extra In style News

In Case You Missed It

Source link

#Elon #Musk #Bitcoin #Dogecoin #Moon #Markets #Prices #Bitcoin #News

Leave a Reply

Your email address will not be published. Required fields are marked *