Elon musk bitcoin opinion

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info. Tesla does not account for Bitcoin as a mark-to-market asset, meaning it only recognises an earnings benefit if it sells to lock in the gains.

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WATCH RELATED VIDEO: Bitcoin: What Bill Gates, Buffett, Elon Musk \u0026 Richard Branson has to say about Bitcoin?

Dogecoin surges after Elon Musk says the crypto can be used to purchase Tesla goods

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Elon Musk is toying with people’s lives. As crypto tanks, it’s time to consider what that means

Over the past few weeks, the crypto markets have been a bit unstable as Bitcoin has been dropping in price. While the past few months, crypto investors have seen a booming bull market, this major Bitcoin dip in the past few days may be an indication that the crypto market may be in a bubble. Read to know why is Bitcoin going down. A major reason behind this dip in Bitcoin prices is the fact that Elon Musk has been vocally against Bitcoin on his Twitter account, over the past few days. Looking at his tweets about Bitcoin one can see he is clearly not in favour of the original cryptocurrency that started it all. Instead, Elon Musk is looking towards Dogecoin as a potential replacement for Bitcoin. Elon's comments on Twitter have drawn a lot of criticism from crypto experts and investors.

Tesla CEO Elon Musk has been quite vocal about his faith in Dogecoin, the meme-coin cryptocurrency that shot up in value earlier this year.

Elon Musk Offered to Eat a Happy Meal on TV. McDonald's Gave the Perfect Response

The car maker's boss Elon Musk said recently that the electronic currency was on the verge of becoming more widely accepted. It comes 10 days after Tesla chief executive Elon Musk gave a boost to the electronic currency's price by adding a " bitcoin" tag to his Twitter profile page. He removed the tag a few days later but has continued talking up Bitcoin and other cryptocurrencies such as dogecoin to his millions of followers on social media. Mr Musk said a week ago that Bitcoin was "on the verge" of being more widely accepted by investors. Tesla said in its regulatory filing that its decision was part of a broad investment policy aimed at diversifying and maximising its returns on cash. Bitcoin slides to five-month low amid wider sell-off. El Salvador's president pledges to build 'Bitcoin City' at base of a volcano. New York's new mayor Eric Adams wants his first three pay cheques in Bitcoin.

Musk, Dorsey love bitcoin as an idea, not an investment

elon musk bitcoin opinion

Young males are the largest cohort investing in Bitcoin , a report by CryptoParrot found. But testosterone didn't give many retail investors the fortitude to ride out Bitcoin's latest plunge, and scores sold into the downdraft, while most institutional investors held firm and bet on a rebound, a review of blockchain activity showed. Millennials, or those aged 25 to 35, make up The interest in Bitcoin also reflects a possible loss of interest in traditional investment avenues like gold and government bonds. Bitcoin, often ballyhooed as cryptogold, appears to have lost some of its allure in the recent downturn.

Elon Musk who has supported Dogecoin on multiple occasions through Twitter, recently an advice to coin holders.

The New Republic

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Elon Musk takes a jab at Bitcoin 'maxis'; they send stern responses

It does have a reputation for fluctuating wildly in value. Should I be impressed that Elon Musk has the time to learn that bop of a song from The Witcher and joke about Bitcoin on Twitter on top of sending privately built rocketships into space? Earlier this year, Harry Potter author J. Rowling asked people on Twitter to explain Bitcoin to her, and Musk chimed in:. To stay up to date on everything fantasy, science fiction, and WiC, follow our all-encompassing Facebook page and sign up for our exclusive newsletter.

For Elon Musk and Jack Dorsey, bitcoin's potential to become the internet's native currency is big. But the cryptocurrency's evolution is.

This morning, traders woke up to cratering cryptocurrencies. Ethereum, Dogecoin, and other cryptos plunged as well. Unfortunately, Musk has proven time and time again that he is not taking that influence seriously.

Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked his 54 million followers on Twitter "Do you want Tesla to accept Doge? A proponent of digital currencies, the Tesla Inc chief executive made the comment as a guest host on the "Saturday Night Live" TV show this past weekend. Musk is one of the world's richest people and owner of several futuristic companies, including SpaceX and Neuralink. He has used his candid Twitter feed to give his opinion on cryptocurrencies, including bitcoin, most times affecting their price. In March, Musk said U.

After Tesla announced that it would no longer accept Bitcoin for its cars, the crypto community showed anger and frustration on social media. Elon Musk's take on Bitcoin has shifted several times throughout history, and his Tweets have always been unpredictable, so this really shouldn't be that surprising.

Interested in investing on crypto? Read this first. T he rising value of cryptocurrencies promises huge returns for investors and cryptocurrency mining "fortunes", like a s gold rush of sorts for the digital age. In this lawless and unregulated crypto world, the risk of falling victim to fraud is very high as scammers often have the upper hand. ESET, a leading company in proactive threat detection, states that the common rules for fraud prevention apply here as well. Everything you read on the Internet should be carefully scrutinized and verified, and by avoiding believing the hype you have a great chance of staying safe. There are few to no regulations governing the cryptocurrency market for investors, compared to the traditional stock market.

The first came from the woolly claim by Dorsey — sporting a tie-dye T-shirt and his impressive beard, looking every inch the hippie entrepreneur — that bitcoin can deliver world peace by making the monetary system work better and giving us time to focus on solving bigger issues. David Rowe. You fix that foundational level and everything above it improves in such a dramatic way.

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  1. Ruark

    It is known to a god!

  2. Aod

    It is the answer of value