Re: Elon Musk is one of the keys to be 100k$ per Bitcoin?

Quote from: Mr. Magkaisa on October 11, 2022, 12:22:59 PM

roll a 12 sided die

- Good day to all my friends here on this forum, based on what you can see in the picture the two @Dave Portnoy and @Elon Musk had a short conversation about their Bitcoin holdings. And Elon Musk did mention that there hasn't been any bitcoin for sale since he bought it. Is the question true that Musk mentioned that he posted on the Twitter platform?

In addition to this, many of us in this industry community know that the price of bitcoin will increase by around 100k$ or more, there is just no certain day and year when it will happen. Also, we don't even know how many bitcoins Elon Musk holds, but he is one of the biggest holdings of bitcoins in the world today.

Do you think Elon Musk is one of those who will push the price of bitcoin up to reach 100k$ each when the bull run comes?

Your opinion is much appreciated

Source : https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk

If you noticed the Bitcoin market shortly after that tweet, the Bitcoin price dropped from its trading price of around $59k to around $29k in June 2021 so we cannot really believe his tweet will always have a Bullish effect on the Bitcoin price action going forward as much as it once did. The market has seen Bull and Bear markets before Elon Musk invested in Bitcoin and this has been the pattern of most financial markets, and when the next bull circle comes, I don't believe that it would be because Elon musk influenced it.