When losses incur, even the richest change their tune.
I will keep the talk about Elon Musk short. After tweeting about how bad bitcoin is when it comes to energy consumption, Elon Musk was heard singing a different tune. Apparently, the loss on his treasury books made him rethink his opinion and talk to the miners. Here is what he had to say -
Thankfully, some wise men decided to take action against the market manipulation we are witnessing by Elon. They knew that the regulators are powerless so they found a blockchain-based solution that fixes this problem. No, Bitcoin does not fix this. $stopelon token does.
If we take a look at the market reaction, well, of course, it was positive. $stopelon to the moon! Also, bitcoin.
Bitcoin is currently trading near the 40k resistance level. It has been rejected by 200 DMA almost 4 times since the crash and I think, the break may happen today. If not, the break will happen soon.
The number of active addresses holding bitcoin has also been on the rise. Reports suggest that the recent correction saw a sharp increase in active addresses.
I guess people who hadn't jumped on the bitcoin bandwagon have finally decided to ride the storm. This year itself has seen the number of bitcoin addresses holding 0.01 bitcoin or more rise to an all-time high.
Acceptance is at an all-time high i.e. adoption is on the rise, fundamentals are intact and Elon is back to being a bitcoin bull - $100k, here we come!
Posted Using LeoFinance Beta
