The world’s richest man has once again shared his thoughts on the primary cryptocurrency by means of total market capitalization.
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Tesla’s CEO, as well as Twitter’s new owner, reiterated his stance that Bitcoin will make it.
- Bitcoin will make it, but it might be a long winter. That’s what Elon Musk had to say about the primary cryptocurrency in the context of what’s going on right now.
BTC will make it, but might be a long winter
— Elon Musk (@elonmusk) November 14, 2022
- This came as a response to the question of where BTC will be in another year, given that in November 2021, it was trading at its all-time high of $69K.
- Winter is a popular reference in the finance world, describing a prolonged period of time where market prices are depreciating.
- The latest tweet by Musk is no surprise. As CryptoPotato reported recently, he joined a discussion on Twitter with more than 60,000 listeners to talk about the FTX fallout.
- Back then, he said:
I think there probably is a future for Bitcoin, Ethereum, and DOGE. I can’t really speak to the others. But if you’ve got one of those three in a cold wallet and off an exchange, I think my guess is it works out well.
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