Elon Musk Sees Bitcoin Price Reaching $69,000

[Abiky]

Can we please stop caring about what Elon Musks says? It really makes Bitcoin market look immature, when its price can be so easily influenced by a single celebrity. I'm sure that if Elon Musk tweeted "gold will reach $100,000" gold wouldn't move by even 1%

People follow Elon Musk simply because he's rich. Anything he says can have a direct impact over crypto assets. This shows us the level of immaturity of the crypto market. You don't see this kind of behavior with stocks or even gold itself. I wonder how long this will keep going? Anyways, Elon Musk's prediction might become a reality as Bitcoin's mainstream adoption continues to grow at a fast pace. $69k per coin is nothing if you consider Bitcoin's added scarcity. Most experts say Bitcoin will reach $100k per coin with every block reward halving. It can even reach $1m if demand continues to soar all the way to the moon. What matters is not the price, but rather Bitcoin's utility. But most people only care about making money in the least time possible, greatly defeating Bitcoin's purpose. At least, the cryptocurrency is decentralized and censorship-resistant. Things would've been a lot different if it wasn't. I wouldn't worry about what a single person thinks about Bitcoin, as long as it remains decentralized. Just my thoughts

[Sirait]

-snip-

besides that Elon Musk also has a smart brain, able to influence everyone even around the world. expert or non-expert in the crypto field, Elons Musk will still be influential, because in reality Elon is a trader as well as a scientist who has many of the latest innovations around space travel.
Every tweet written by Elon Musk will get a good response and give rise to Bitcoin, DOGEcoin or some of the coins in question.

It's very difficult to reject Elon's thoughts because the innovations he is currently developing make a lot of people believe in what he thinks. but before Elon made that tweet I was pretty sure the bitcoin price would hit $69k.

we are just waiting for the time to come.

[mich]

Seeing this tweet makes me thrilled since Elon is continuing to pump BTC and ETH.
If the crypto space was regulated this would be a violation and he would probably get in trouble.
I think it's fine by me if he's breaking no laws and it doesn't sound like he's dumping.

[javainn]

Here we go again.

I just hope that the craze won't be the same as what he did with Dogecoin. Concerning that many invested at the peak and then cried later when it's no longer moving up.

But the case for bitcoin, it's entirely different. Yeah, we'll see $69k and above soon and more than that Elon.

I believe Elon Musk will not be able to quickly lead opinions like Dogecoin.  I think bitcoin is in a stronger position even before Elon Musk is present in crypto bitcoin has dominated the crypto market.  So I see Elon Musk's move just as a way to seek controversy

[koang]

Seeing this tweet makes me thrilled since Elon is continuing to pump BTC and ETH.
If the crypto space was regulated this would be a violation and he would probably get in trouble.
I think it's fine by me if he's breaking no laws and it doesn't sound like he's dumping.

Not once did he say go buy any of those and he doesn't have complete control over his fan base buying decisions,
he just tweeted memes about BTC and ETH.
Bitcoin itself is better, Bitcoin doesn't need Elon

[GamblersArea]

These kinds of Elon Musk posts are just misleading. It's not harmful but Elon isn't doing some technical analysis of why Bitcoin will be bullish. He's just making an innocent joke and for some reason, people put too much weight on whatever he says.

[worldofcoins]

These kinds of Elon Musk posts are just misleading. It's not harmful but Elon isn't doing some technical analysis of why Bitcoin will be bullish. He's just making an innocent joke and for some reason, people put too much weight on whatever he says.

Even if he's joking his theory has some validation if you look at the price action of bitcoin since 2009.

Bitcoin always broke its resistance and it happened again last week When months old resistance was broken.
I'm certain bitcoin will reach 100,000$+ in the next 2 years and could go over 500,000$ in the next 10-15 years.

[Ararbermas]

Probably he's now trying to tell all people to keep holding because it will going up more, but after that he his team will manipulate the market. Lol just imagine if the price keep exceeding more it will be a good chance for them to take the exit position.. Now while seeing Bitcoin were making correction for sure its hard for them to decide, that's why he's now trying to push it more them jump to the exit point to save the profits from target price..    basic strategy..

[zaesvlas]

And if Musk said, then it will be so) Well, now we are waiting.

[agg2702]

Last October, the price of the Tesla Model S was changed to (you guessed it) $69,420.
It’s safe to say that the cryptocurrency community can expect more cory 69/420 jokes from the centibillionaire.

I'm thinking of something different, $69k that's the starting point and it could be this year going that way.
why $69k? it's probably just a prediction that will indeed be achieved this year.
other than that I also see something different here because if I'm not mistaken Tesla will now reuse payments via bitcoin.
and maybe this is one of the marketing that he made to return to that realm

[tbct_mt2]

Even if he's joking his theory has some validation if you look at the price action of bitcoin since 2009.

Bitcoin always broke its resistance and it happened again last week When months old resistance was broken.
I'm certain bitcoin will reach 100,000$+ in the next 2 years and could go over 500,000$ in the next 10-15 years.

Must or not Musk, Bitcoin will have reasons to support its bull run. Do you think the effect from Elon Musk is bigger than ETF approvals this year?

Personally, Musk is the past and ETF approvals are current motivations for Bitcoin. Musk still has his effect on the market but in this period, it is time for ETF news. News from Musk only can support ETF news and combine to bring Bitcoin to $100k.

Musk and Tesla are only parts of institutional investors, there are more on the market.
https://bitcointreasuries.net/

[UmerIdrees]

Why only 69,000....? and not more?

Elon just needs to be sure and $69k is really achievable, so he can never be wrong on his prediction.

I don't understand this prediction. This is not a long term target for bitcoin as bitcoin will cross hundred thousand and above.

Anyone, including me can paint a drawing and saying bitcoin to 74,000$. There is nothing special about such predictions unless you tell the time period when this target will be reached.

[D-law]

Wow...i get perplexed observing that a move both positive and negative by Elon musk retards and accelerate's the upward and downward movement of the price of bitcoin.
Why's that ?
The Chinese actions towards crypto currency banned in them country, resulted to a decrease in the bitcoin Price.

[perfect999]

If the crypto space was regulated this would be a violation and he would probably get in trouble.

I do not think that an infulencer is trying to promote something is illegal in my country or not heard about in any country. I guess only on very few countries, such acts are prohibited. In my opinion, freedom of speech prevails here regardless of bitcoin is regulated or not.

it doesn't sound like he's dumping.

I never expect Elon is seeking only momentary benefit out of cryptocurrencies. He is obviously capable of understanding the core potential of bitcoin and other cryptocurrencies and only those people who are not taking time to realize about the potential of cryptos might dump at some profits.

[Abiky]

I don't understand this prediction. This is not a long term target for bitcoin as bitcoin will cross hundred thousand and above.

Anyone, including me can paint a drawing and saying bitcoin to 74,000$. There is nothing special about such predictions unless you tell the time period when this target will be reached.

Anyone can predict how much a Bitcoin will be worth in the future. But that prediction will only become a reality if demand continues to soar towards new heights. Most likely, a massive bull market will help Bitcoin reach a new All-time-high. That, and the next halving event will make Bitcoin worth a lot more than just $69k. Most experts predict Bitcoin will reach $100k, so there's that. It's not about Elon Musk, but rather crypto/Blockchain technology as a whole. What matters is not the price per coin, but rather its usefulness. As long as you're able to use Bitcoin with ease, there should be nothing to worry about. Just my thoughts

[elisabetheva]

Why only 69,000....? and not more?

Elon just needs to be sure and $69k is really achievable, so he can never be wrong on his prediction.

I don't understand this prediction. This is not a long term target for bitcoin as bitcoin will cross hundred thousand and above.

Anyone, including me can paint a drawing and saying bitcoin to 74,000$. There is nothing special about such predictions unless you tell the time period when this target will be reached.

it is difficult to determine in a timely manner when there will be an increase and how much value will be achieved !!!
such as the analysis in October, if it is in accordance with the movement in 2017 there will be an increase of 47.81%, when before the end of October 2021 it has increased quite significantly. it was almost close, but at the end of the month there was a decrease so that it increased in October 2021 only at 39.93%.

if it matches and is the same as 2017 there should be an increase in bitcoin in the price of around $70K, but it doesn't happen.
Will November actually be bigger than the same period in 2017? by 2017 there had been an increase of 53.48% if there was a similar increase it would have surpassed $70K. if it increases more than 53.48% then the price could be in the $70K-$80K range, so we are waiting for that to happen.