LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
Elon Musk
Bitcoin News

Elon Musk Seems to Want Bitcoin to Go Much Higher (Can You Blame Him?)

by Nick Marinoff
April 13, 2021
in Bitcoin News, Dogecoin News, News
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up

Bitcoin just keeps surging higher and higher, and men like Elon Musk are quick to do their parts in helping the world’s number one digital currency by market cap reach its potential peak.

Elon Musk: Bitcoin Is Going “To the Moon”

The South African entrepreneur behind such billion-dollar companies as Tesla and SpaceX seems to jump back and forth between his love for Dogecoin and bitcoin. While BTC is considerably larger, there is a special aspect of Doge that seems to really tug at Musk’s heartstrings now and again. Recently, Musk commented that he was hoping to fly Dogecoin to the moon… and leave it there. That’s right. He wanted to fly some units of Doge all the way up to our lunar neighbor and leave it on its surface.

Why would he do this? Who knows? The point is that the comments saw Dogecoin spiking once again, and now it looks like Musk is hoping to do the same for bitcoin. He seems to realize that whatever his comments are, they have an impact on the crypto trading space, and when he wants to see these assets do well, he simply jumps on Twitter and begins messaging his followers about them.

In a recent series of tweets, Musk commented that bitcoin was “going to the moon very soon” (again, more moon references). From there, bitcoin rose to nearly $60,000 per unit. This instantly caused many industry heads to begin speculating, and messages from the likes of Danny Scott – the chief executive of Coin Corner, a cryptocurrency exchange on the Isle of Man – began flooding social media.

In response to Musk’s words, Scott wrote:

SpaceX buying bitcoin?

This would be quite a sight to see. Musk has already managed to garner $1.5 billion in bitcoin through Tesla. Why not do the same thing through his space exploration company? At this stage, investors cannot (and likely would not) be shocked if Musk were to travel this path.

But it is not just Musk that has opened his mind and heart to the king of cryptocurrencies. Several institutions have been taking notice of the asset. Thus, the currency is making its way deeper into mainstream territory, which could explain its massive price spikes over the past few months.

Many People See BTC in a New Light

Stephen Kelso – head of capital markets at ITI Capital – explained in a recent interview:

Until recently, established brokers, advisors and banks wrote-off crypto as ‘too volatile’, just as they did with today’s household tech brands 20 years ago, failing to recognize it as a legitimate asset-class in advice issued to investors. Now, we are seeing a dramatic change in approach from asset and wealth managers, who increasingly advise their clients that bitcoin is a preferential investment over gold.

At the time of writing, one unit of bitcoin is trading for just over $59,800.

Related Posts

Ethereum Price
Altcoin News

Ethereum Price Analysis: ETH Could Take Major Hit Below $1,600

Ethereum price is struggling below the $1,650 resistance against the US Dollar. ETH price is now trading below $1,600...

by Aayush Jindal
September 26, 2023
Brandon Mintz of Bitcoin Depot on the Many Changes to the ATM Industry
Bitcoin ATMs

Brandon Mintz of Bitcoin Depot on the Many Changes to the ATM Industry

Brandon Mintz is the CEO of Bitcoin Depot, one of the largest crypto ATM firms in the world. He...

by Nick Marinoff
September 25, 2023
Bitcoin Suisse Sees Big Things Happening for Crypto Soon
Bitcoin News

Alyse Killeen: Bitcoin is Becoming Much More Mainstream

Is bitcoin – the world’s number one digital currency by market cap – finally gaining mainstream traction and attention?...

by Nick Marinoff
September 25, 2023
Six Additional BTC ETF Applications Are Being Examined by the SEC
Bitcoin News

Mike Novogratz: A Bitcoin ETF is Right Around the Corner

Mike Novogratz – the billionaire hedge fund manager of Galaxy Digital and one of the biggest BTC bulls the...

by Nick Marinoff
September 25, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Ibiza NXT 2023 – Heading toward a purpose-driven Web3 innovation journey

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

  • Reef Labs $10M Accelerator Program COHORT 1 Begins, Paving the Way for Web3 Innovators

  • Registration for the Finance Magnates London Summit 2023 is officially open!

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version