Post
Topic
Board Speculation
Re: Elon Musk and BTC
by
Hippocrypto
on 10/03/2021, 19:56:36 UTC
After announcement that Elon Musk invested billions in btc, the price that was already high, skyrocketed just in a couple of days. A lot of rumors about huge wall street investors started to appear. But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD  after it reached $57 000

https://coinmarketcap.com/currencies/bitcoin/

I know that I will be attacked by BTC supporters, but you are welcome.

In my own perspectives about that massive pumps after Elon's investments, I am grateful that the outcome is good. Despite of the volatility of the market, it doesn't fail with our expectations because many people who've been patiently waiting took their profit. On that matter of amount of invested funds came from Elon Musk, I don't think declination of price would tend to occur because it now became a strong pillars of btc.