He has already and I believe it was one of the major reasons it sky rocketed in profits due to the fact that he is a billionaire and very influential in the business scene
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I think so too. It would make investors go crazy and invest on Bitcoin. But what do you think will happen if the price of Bitcoin crashed down?That would make investors go crazy and invest on Bitcoin even more. Perhaps even the people whose not into Cryptocurrency investment might even consider it because if the most wealthiest person on the world trust that it's a good investment. Why doubt it?
It simple logic that the cryptocurrency would rise to the moon. If he officially tweet he has invested a huge amount of money on bitcoin. It will influence more investors and subsequently the price and value of bitcoin will increase on a long run.The richest man in the world currently is known to be a strategic and smart Investor in business. His tweet alone move the price of Crypto currencies generally. If this Man decided to invest heavily in bitcoin, how do you think his action will affect the price of Bitcoin and to what extent?.
That is the truth because when bigger investors and financial institutions invest into cryptocurrency there is always that resonating effects on other competing and smaller institutions I think that is the same way Elon Musk operates..It simple logic that the cryptocurrency would rise to the moon. If he officially tweet he has invested a huge amount of money on bitcoin. It will influence more investors and subsequently the price and value of bitcoin will increase on a long run.
Don't you think besides their huge investments, the amount of attention given to them by social media and every other media also plays a role on amount of influence they have as well?Something you need to realise now about these rich men is the fact that they are already investors in these currencies. Elon Musk is a whale already and that's why any news he gives or decision he takes, it has an impact on the prices of coins.
He has invested in Bitcoin sometimes ago when the Tesla company made a plan of accepting bitcoins for payments of Tesla products, we don't really know if he is still an investor or if he has sold out his cryptocurrency, the whole thing is completely unbelievable.Elon mosk is currently the richest man in the world, just as they we to call him the smart investor, I believe if he would invest in bit coin or even any of the crypto currency the rate of that coin will increase.
I think that apart from the impact that would be felt on the price of the coin because of the funds pumped in through Elon Musk, his reputation and worth would likely add to the impactYes definitely, if Elon musk shouldn’t invest heavily in bitcoin other high ranking cooperations will do s
Yes, if Elon musk should invest heavily in bitcoin, other high ranking cooperations will do same because the level of power he has in the financial sector. We saw how this was done with the Doge coin and how it went up as a result of Elon’s purchaseIf Elon Musk should invest in bitcoins, it will definitely affect the market positively. The demand for Bitcoin will certainly appreciate and this will make the value of Bitcoin to appreciate rapidly. I want to believe it's impact in crypto market will be very huge.