Anyone can say the same thing but few can really weigh the statement. As he has mentioned, Bitcoin will see a rise but don't expect an instant boost. On implementation, those who can wait will have to wait as it could still be months before we see any clear signs of recovery. But in the end, elon musk doesn't carry the fate of this industry, things can change so it's up to you to choose what to do.
Maybe in my mind, Elon was just trying to reduce his investment if he had done so before. Because you didn't even mention the link to the tweet and a lot of people would find what you said above to be less credible.
I think you should also realize this. People don't even know about the exact time of the upcoming bullish trend. There's no ETA for when winter will end either.
Maybe in my mind, Elon was just trying to reduce his investment if he had done so before. Because you didn't even mention the link to the tweet and a lot of people would find what you said above to be less credible.
I think you should also realize this. People don't even know about the exact time of the upcoming bullish trend. There's no ETA for when winter will end either.
It's very obvious Bitcoin will rise in price at some point in the future. Elon Musk is just saying it to manipulate the market to his own benefit. He probably bought BTC at a cheap price and wants to sell it higher for profit. It really doesn't matter what he says anyways, especially when crypto is all about decentralization.
I'm waiting for the day when Bitcoin becomes independent of the stock market, the FED's monetary policies, and even the opinion of one person. Once that time comes, Bitcoin will become a true store of value. I believe we're still early since the world hasn't fully adopted Bitcoin yet. Who knows if we get to become the next BTC millionaires? Just my opinion
There's no need for us to be hasty about the bitcoins future because whether we like or not, bitcoin will recover and flourish sometime in the future. Elon Musk can say anything he want to say but in-terms of bitcoin, he cannot manipulate it according to his needs and saying some speculations about the future because it's not like something that he can manipulate easily. I might believe him if we're talking about memecoins, but we aren't. Yes?
He might influence those who still following him but those who already understand the market situation will continue to wait and hold according to how they anticipate the market will proceed and not just because an influencer says something about it. Bitcoin is still young compared to most of those valuable assets, and by experience, we all see how good Bitcoin is in terms of bouncing back. If the recovery takes place, we might see another huge momentum.
Musk can say anything he wants and people who are into this business will weight the value of his statement, if he will use his resources and will support the market with the intension of bringing good things to the economy then chances that it will be followed by more investors and yes the market will bounce strongly.