[2023-05-25] Forbes: Elon Musk Issued A Stark Crypto Warning After $2 Trillion..
pawel7777:
Not much of a news, but still a press hit from the main stream - Elon Musk says that perhaps buying crypto would be unwise.
Elon Musk Issued A Stark Crypto Warning After $2 Trillion Bitcoin, Ethereum And Crypto Price Crash
https://www.forbes.com/sites/digital-assets/2023/05/25/elon-musk-issued-a-stark-crypto-warning-after-2-trillion-bitcoin-ethereum-and-crypto-price-crash/
Quote
Bitcoin, ethereum and the wider crypto market have suffered an almighty crash since peaking at a combined value of around $3 trillion in late 2021, wiping away $2 trillion of value (even as bitcoin braces for a 3 billion user shock).
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The bitcoin price, which crashed to around $16,000 per bitcoin in the aftermath of the FTX crypto exchange meltdown last year, has rebounded this year, sparking a wave of bullish bitcoin price predictions.
Now, Elon Musk, who helped fan the flames of the huge 2021 bitcoin and crypto bull run, has said he wouldn't advise "anyone to buy crypto"—despite Wall Street giant Goldman Sachs and Microsoft backing a new blockchain.
cr1776:
The best time to buy is when it is not being hyped. Just ask the people buying banks in 2009-2012. Or Apple in 2000. Buying at other times isn't bad, but the most bang for you buck is when there is blood in the streets.
bbc.reporter:
@pawel7777. If Elon is hyping, he is dumping. If Elon is warning not to buy, he will be buying. We have witnessed his shilling tactics on dogecoin already hehehehe. We are presently seeing his fear tactics. My prediction, within 1 year Elon will make an announcement that one of his companies has bought bitcoin to hold for the treasury.
Kakmakr:
Quote from: bbc.reporter on May 26, 2023, 03:26:58 AM
@pawel7777. If Elon is hyping, he is dumping. If Elon is warning not to buy, he will be buying. We have witnessed his shilling tactics on dogecoin already hehehehe. We are presently seeing his fear tactics. My prediction, within 1 year Elon will make an announcement that one of his companies has bought bitcoin to hold for the treasury.
Do you really think, Elon Musk need to use "fear" tactics to influence the market? The guy have been the richest person in the world on several occasions and his Bitcoin ownership, according to him.... is very small. ::)
Yes, he joked around with Shiba and Dogecoin a few years ago, but he got into trouble for that... so I doubt that he will try and do that again. I think the US sentiment towards Crypto currencies are negative at the moment, because strict regulation is on the horizon and Elon Musk have seen that. ::)
Lucius:
Mr. Mars, as usual, wants to be in the center of attention, although anyone with a little common sense shouldn't be the least bit excited about what he says. The article talks about something that didn't happen only in 2021/22, but happened many times in history, and now we are in 2023, where Bitcoin is one of the best assets if we look at the price since the beginning of the year.
In addition, how much money did his companies lose in the last year, and how much is Twitter worth today?
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