Cryptocurrency is revolutionizing the way that people see money and currencies. Blockchain has made faster transactions and more sophisticated computations possible. Many people consider Bitcoin to be one of the most influential coins around, so much so that all the other crypto coins are merely altcoins or alternative currencies because they’re just alternatives to Bitcoin. In this BTC Trading Inc review, Elon Musk talks about Bitcoin and what he thinks of the cryptocurrency space.
Bitcoin can go up to $10,000 by early February, according to the forecast. Tim Draper, an expert investor, advises millennials to invest in Bitcoin. According to him, salaries don’t allow millennials to pay a debt, so they are renters than buyers.
That’s why he advised them to invest in retirement and invest in Bitcoins, with recommendations from BTC Trading Inc Review.
Elon Musk, Tesla’s CEO, could become the first trillionaire of the world. He’s trying to revolutionize the future. Currently, he owns 30 percent of Tesla shares. Manipulation can happen if the market cap is low. However, Tesla is a trillion-dollar company that is hard to manipulate by crypto investors alone.
This TESLA’s big boss is neutral about Bitcoin and its future. He’s a tech businessman who knows the impacts of Bitcoin soon, given his experience and skills. And why not, he Elon founded X.com in 1999, an online bank that later merged and became PayPal. He, of all people, knows the value of currencies.
Elon Musk refers to the white paper of Satoshi as pretty clever in a podcast interview. Also, he set an expectation that his stance on crypto that will likely get people angry. Crypto comes as an illegal-to-legal bridge, which allows the occurrence of illegal transactions or transactions not bounded by the law.
Even if his statement brings the negative connotation of cryptocurrencies used for illegal purposes, the Tesla CEO emphasized that he is not judgmental about crypto because the governments tend to overreach in some aspects on how to perceive and create laws for what is legal from illegal.
Tesla is building gigantic infrastructures and products. This tech company is not losing a company because the stock is going up and increased user growth. It is similar to Bitcoin users, and many are now using this cryptocurrency, as evidenced by growing IP addresses, which means more users. Bitcoin behaves like a tech company that will be soaring high in the future.
While you can use paper bills legally and illegally, Elon Musk’s stance on Bitcoin is a true businessman’s perception of the real value of currencies. Whether it’s US dollar currency and any other foreign currencies, or Bitcoin and other cryptocurrencies, the governments play a crucial role in their demand and value.
In this BTC Trading Inc review, Elon Musk gives a practical stance on the current digital coins. Indeed, government regulation will ultimately determine the value and longevity of Bitcoin and its peers. As a true patron of science, he’s willing to keep his mind open to the future.