Elon Musk Has Recently Bought a Bitcoin of $1.5Billion.

[Setho]

It is a very good thing to hear that influential people like this are investing in cryptocurrency and this is just going to go a long way in encouraging other people to do the same.

 

[Sincerem]

That's quite huge and that would be a really good push for the Bitcoin crypto currency as it would witness more and more investors flooding money into it which would increase it's market cap value by almost half.

 

[Chibson]

he did, but he recently withdrew all of his investments as he said that minign bitcoin harms the nature and causes pollution due to massive electricity consumption, which led to a drop in the price of bitcoin

Elon musk is one of the trickiest people in the world and I think he always uses certain opportunities to make money. When he bought bitcoin worth $1.5b, he dumped when he was in profit looking for another good entry.

 

[eenya00]

you can not accurately predict the price of bitcoin, i keep stating this fact, the nature of crypto currency makes it very hard to predict, it is a commodity that is very volatile and can not be easily predicted by anyone.

 

[Chibson]

you can not accurately predict the price of bitcoin, i keep stating this fact, the nature of crypto currency makes it very hard to predict, it is a commodity that is very volatile and can not be easily predicted by anyone.

when it comes to cryptocurrency nobody can actually predict the market 100%. we usually use technical analysis and fundamental analysis to predict the future of cryptocurrency but it is not a hundred percent correct all the time.