It has been a rough month for cryptocurrency investors, Bitcoin, Dogecoin, Ethereum, and others.
Dorsey has been a long-time Bitcoin backer, especially via Square In February, after Bitcoin prices had tumbled, all it took for a strong rally was news that Square had bought 170million dollars worth of Cryptocurrency.
In 2018, he boldly predicted that Bitcoin would be a world currency within 10 years.
Meanwhile, Musk has the meter natural ability to move crypto markets with the vaguest of tweets.
Dogecoin’s rise (and subsequent fall) can in large part be credited to his off-the-cuff comments.
Musk’s Tweet Contributed to the Fall of Cryptocurrency
And Bitcoin’s fall from grace earlier this year was due in part to his tweet about Tesla no longer accepting the crypto for purchases has.
Depending on the scope of the conversation on the comments or even jokes of either participant prices see even more volatility.
Considering that Bitcoin and other online coins are still suffering after Elon Musk withdrew his 1billion coins, and now they are meeting to discuss the same issues.
As a Bitcoin miner, what is your take? Do you see a green light at the end of the tunnel or you are still skeptical?
These are movers and shakers of online markets, and a move by Musk to invest again in Bitcoin will definitely boost up everything about Cryptocurrency.
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