- but my quick search says Elon Musk seems to be one of the reasons for the decline.
I don't understand, what has he done to make the price to fall with so much force like I never thought it would be this way. Must he be on the negative side or what? I wish investors should not entertain FUD rather they should hold.
Come on, the market will recover without a doubt, but of course it will take time.
After all such big dumps have happened before and bitcoin is again able to prove that it is simply the result of a panic or a big sell off from an institution or a whale.
I believe bitcoin won't take long to recover above $30k, but I'm not too sure it will recover during August. Market conditions are still too panicked even about something that is not yet valid.