Elon Musk, CEO of Tesla and chief of Twitter, has been bullish on Bitcoin and Dogecoin despite the crypto market’s decline. He said Bitcoin “will succeed” and “DOGE to the moon.” Amid the turmoil surrounding cryptocurrency winter and bankrupt FTX, Musk believes Bitcoin, Ethereum and Dogecoin have a future.
Elon Musk thinks Bitcoin will be ‘successful’
Tesla, SpaceX and Twitter chief Elon Musk commented on the future of Bitcoin on Monday. In response to a Twitter user asking what the price of the cryptocurrency will be in another year, Musk said: I wrote:Bitcoin In time, but it may be a long winter. “
Musk’s comments may have pushed the price of Bitcoin higher. Shortly after he tweeted Bitcoin It rose sharply from below $16,000. At the time of writing, Bitcoin is trading at $16,987.
latest billionaire got The social media giant Twitter previously said he privately owned Similar to Bitcoin Tesla and SpaceXTesla’s latest financial statements filed with the U.S. Securities and Exchange Commission (SEC) show that the company has approximately $218 million in digital assets. July, electric car company 75% sold that Bitcoin Possession.
Musk has said several times that Bitcoin is a good cryptocurrency. store of valueDespite Tesla Bitcoin The billionaire CEO emphasized: [the] Therefore, this should not be considered a verdict on Bitcoin in any way. “
Musk Says Dogecoin Is ‘On The Moon’
Tesla CEO recently made bullish comments about cryptocurrency meme Dogecoin (DOGE) undulationIn a Twitter Space discussion on Saturday, he exclaimed:
Doge to the moon.
Musk has long been a proponent of memetic cryptography. He is sometimes known in the DOGE community as Dogefather. The billionaire has previously revealed that he owns several Dogecoins. continue to buy and support memetic cryptocurrency.He believes Dogecoin ‘has’ currency potential“
Tesla now accepts Dogecoin for some products.Musk also said Spacex Do the same right away.his boring company Some rides also accept Meme Coins. Twitter, his newly acquired social media platform, recently Payment businessDogecoin supporters believe Musk plans to integrate Doge payments into Twitter.
Mr. Musk talks about the future of cryptocurrencies
During Saturday’s Twitter Space event, Musk was asked about the future of cryptocurrencies in light of the FTX implosion.
“If you have cryptocurrency, double check that it should be in a cold wallet with direct access. did.
Bitcoin, Ethereum and Doge probably have a future. I really can’t speak to other people. But if one of these he three is in a cold wallet and away from the exchange, I think it will work.
Do you agree with Elon Musk on Bitcoin and Dogecoin? Let us know in the comments section below.
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