How To Buy Elon Musk Cryptocurrency – Just days after Elon Musk added #bitcoin to his Twitter bio, a move that briefly sent the cryptocurrency’s price up 20% on Friday, the Tesla boss confirmed he is a bitcoin supporter.
“Now I think bitcoin is a good thing and I’m a fan of bitcoin,” Musk said when asked about his thoughts on cryptocurrencies during a live interview on the popular audio chat show Club House. Sunday. “Many friends of mine have been trying to convince me to join bitcoin for a long time.”
How To Buy Elon Musk Cryptocurrency
Musk added. “I think bitcoin is really on the cusp of gaining widespread acceptance by the mainstream economy.”
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“I mean obviously I should have bought at least some bitcoin eight years ago,” Musk said, noting that he was late to the bitcoin party.
The price of the cryptocurrency passed the $33,000 level on Monday evening after falling to an all-time high of $42,000 at the beginning of 2021.
When asked about other types of cryptocurrency, Musk admitted that he doesn’t have a “strong idea.” However, the billionaire has tweeted about Dogecoin before, including a 2019 tweet in which he called it his “favorite cryptocurrency.”
“Sometimes I make jokes about dogecoin, but really they’re just meant to be a joke. “Dogecoin was made as a joke to make fun of cryptocurrencies, Musk said. “But fate loves metal. The most interesting and surprising result will be that dogecoin will become the currency of the earth in the future. in Tesla’s cases. However, Musk’s bold crime has not often encouraged America’s more cautious CFOs to follow suit. In a survey conducted at the beginning of February, Gartner Finance, a unit of the research and consulting firm Gartner, Inc., found that ninety-five percent of respondents had no plans to buy Bitcoin. “Financial managers tasked with ensuring financial stability are not inclined to jump into uncharted territory,” said Alexander Bant, research director at Gartner Finance.
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Gartner surveyed CFOs, including 50 CFOs, at twenty-seven companies with market capitalizations of $250 billion to $30 billion. The survey asked CFOs, controllers and treasurers if they planned to “keep” Bitcoin in their company’s coffers, this year or in the future. “Hista” Bitcoin means that they are used for the same reason as Musk: their cash flow and increase the return of parts of their war balls that are not needed for daily working capital that buys supplies and pays interest on loans. Conclusion: Only a small number of companies do this year that Bitcoin will be better than safe deposit boxes and overnight currency where the cash of companies is usually deposited.
On the other hand, the interest of American companies about Bitcoin is increasing, and a small change to the upcoming Musk can build. Gartner did the research, Bant said, because it received questions about Bitcoin from its clients. “CFOs said they were fielding questions about Bitcoin from their boards and investors, and they had to get it faster than they thought they did,” he said. “They asked us to provide definitions of the terms involved in Bitcoin and Blockchain, to better explain how Bitcoin works.”
Bant was surprised that even 5% of respondents said they would buy Bitcoin this year. “I thought that number would go down,” he said. In fact, twice as many polling companies see Bitcoin as their future; One percent plan to start the money in 2022, and another 9 percent say it will happen in 2024 or later.
The vote came after news of Musk’s $1.5 billion purchase. Bant isn’t sure whether the Tesla CEO’s support will swell or depress the ranks of companies embracing Bitcoin this year or in the future. But he notes that the boom is accelerating. Corporate boards, he noted, don’t seem as negative to cryptocurrency as he predicted. Only 39% of respondents chose the possibility of “management risk aversion” as a reason to avoid the crypto king. “Typically, CFOs don’t want to take ‘risk’ on the board,” he said. Bant expected the CFOs to report more skepticism at board level. Although the sample size is small, half of the technology players in the poll expect to have Bitcoin in 2021 or the following years.
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Bant, the takeaway is that Bitcoin is still too volatile to achieve widespread adoption, either as an investment, on corporate balance sheets, or as a currency to pay for everything from groceries to smartphones. “We didn’t ask if companies would add Bitcoin to their balance sheets because they sell their products for Bitcoin,” Bant said. – Even fewer will say yes.
To make significant progress, Bitcoin needs to emerge as cash for everyday purchases, and so far that is not happening. “We are closely monitoring whether customers want to keep digital wallets and pay with digital currency,” Bant said. “So CFOs have to decide what they will and will not accept.” He reckons that companies will not pay in Bitcoin until new and stronger regulations make transactions safe and secure. Bitcoin’s rapid spikes and swoons also make the token more difficult for corporate coffers to handle. “Cash management issues and volatility don’t sit well with CFOs, who are risk-averse,” says Bant. The high volume of daily buying and selling will clear the water, but it is not clear that a group of leading companies is ready to experience more change before peers join the trend as a whole.
Today, handling Bitcoin for daily purchases would be the same as handling Argentine pesos during the inflation of the 1980s. In one week in mid-July 2019, Bitcoin fell by 12%. From 28 February to 13 March this year, it went up by 40%. Daily swings of 4% or 5% are common. Elon Musk says he will soon start accepting Bitcoin from people who buy Teslas. We’ll see if the bold fight wins more fans than the sentimental ones, but so far there’s little imitation and cash flow for the company.
Subscribe to Well Optimized, our newsletter full of simple strategies to work smarter and live better, from the Well team. Sign Up Today In the highly volatile and volatile cryptocurrency market, the most popular coin has started to shake. Due to the UST cut, the price of the cryptocurrency reached USD 0.00004548.
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The collapse of Terra, like the credibility of all cryptocurrencies and projects, has scared crypto investors.
Amid the big price drop of Terra, Elon Musk, the most famous crypto-influencer for cryptocurrencies, said that he will help revive the price of the memecoin, Dogecoin. Due to the red flags in the cryptocurrency market, crypto investors are very excited.
With the help of Elon Musk, Dogecoin can increase in value like memecoin. With CoinMarketCap’s current ranking of 228, Terra’s collapse caught us all by surprise.
Dogecoin was created as a memecoin to mock the most popular cryptocurrencies on the market. But thanks to its new features, it has become a popular cryptocurrency.
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Elon Musk, CEO of Tesla, SpaceX, and the most recent owner of Twitter, is a top crypto influencer and Dogecoin supporter of the cryptocurrency market. With cryptic tweets, he is known to use Musk’s influence to sway the masses.
Dogecoin investors started relying on Elon Musk to sell the cryptocurrency on Twitter. Elon Musk tweeted during the Terra crash that Dogecoin, like memecoin, still has the potential to be a strong cryptocurrency.
However, Terra’s accident and shocking news are flooding his Twitter feed and no one seems to be happy about it. The price of Dogecoin rose from USD 0.1172 to USD 0.1270 as a result of the tweet.
In the highly volatile cryptocurrency market, Dogecoin is the tenth most popular cryptocurrency. Memecoin is currently priced at $0.09357, with a market cap of $12.29 billion and a volume of $2.53 billion.
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Tesla has already announced that they will accept Doge cryptocurrency and will not accept Bitcoin or any other cryptocurrency. This increased the value of the cryptocurrency before Terra collapsed. In the cryptocurrency market, he is known as the Dogefather.
In January 2022, he said he would only eat a McDonald’s Happy Meal if the fast food chain started accepting memecoin as a payment method. Elon Musk also indicated that SpaceX may begin accepting Dogecoin as a convenient payment method through crypto wallets.[1/4] Tesla CEO Elon Musk speaks during the E3 gaming conference in Los Angeles. Angeles, California, USA, June 13, 2019. / Mike Blake
NEW YORK, May 7 () – Dogecoin lost more than a third of its value on Sunday, after Tesla CEO and cryptocurrency advocate Elon Musk described it as ‘jealous’ during a guest appearance on “Saturday Live”. Live” TV comedy series. show.
Dogecoin was listed as low as $0.416 on the Binance crypto exchange, down 36% levels.