Elon Musk's speech may be the reason for the fall of Bitcoin

Just this week there were several events that took the price of bitcoin down, and some that took it up.  However, even with the purchase of more than $1 billion in BTC by two large companies, the balance is still negative for the performance of the cryptocurrency.

Chronologically, it all started with Elon Musk's lines on Twitter last Friday (19).  In response to questions from the CEO of Binance, Tesla's owner stated: “To be clear, I am not an investor, I am an engineer.  I don't even have publicly traded shares other than Tesla.  However, when the fiat currency has negative real interest, only a fool would look elsewhere.  Bitcoin is almost the same nonsense as a fiat currency.  The keyword is ‘almost’ ”.

However, the part that bitcoin would be “almost the same nonsense as a fiat currency” was quickly highlighted by users and the market.  In addition, over the past weekend Musk responded to a follower saying that the price of bitcoin (BTC) and ether (ETH) would be too high.


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