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Martin Lorretta
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🔥😱 Elon Musk discussed Bitcoin in a space broadcast following the approval of Bitcoin ETF applications by the US SEC. During the conversation with Cathie Wood, Musk expressed openness to using Bitcoin in certain contexts but emphasized limited focus on it. Musk mentioned having significant holdings of Dogecoin and revealed that Tesla sold Bitcoins due to capital needs and concerns about energy use, particularly China's coal-based mining facilities. Despite likening Bitcoin to gold, Musk noted it's not sufficient for payments. The market responded positively, with Bitcoin rising to $47,695 from $46,700 after Musk's statement about considering Bitcoin use. Traders anticipate the impact of ETFs opening for trading tomorrow. #etf #BTC #elonmusk

🔥😱 Elon Musk discussed Bitcoin in a space broadcast following the approval of Bitcoin ETF applications by the US SEC.

During the conversation with Cathie Wood, Musk expressed openness to using Bitcoin in certain contexts but emphasized limited focus on it. Musk mentioned having significant holdings of Dogecoin and revealed that Tesla sold Bitcoins due to capital needs and concerns about energy use, particularly China's coal-based mining facilities.

Despite likening Bitcoin to gold, Musk noted it's not sufficient for payments. The market responded positively, with Bitcoin rising to $47,695 from $46,700 after Musk's statement about considering Bitcoin use. Traders anticipate the impact of ETFs opening for trading tomorrow.

#etf #BTC #elonmusk

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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💥Elon Musk, during a recent speech, hinted at the possibility of using cryptocurrency, particularly Bitcoin, in future Mars endeavors. Musk discussed challenges related to the distance between Earth and Mars but suggested that overcoming obstacles could pave the way for sending coins to Mars. Some in the crypto community see virtual assets as a viable payment solution for Mars due to the absence of centralized financial institutions. Block stream CEO Adam Back downplayed concerns about speed and distance, stating that Bitcoin's 10-minute blocks are adequate. #BTC #etf #elonMusk #crypto2024 #etf
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In 2020, Shiba Inu, initially seen as a Dogecoin parody, began at $0.000000000056 and peaked at $0.00008616 on Oct. 28, 2021. A $200 investment briefly hit $307.7 million, later stabilizing at around $34.2 million, outperforming Bitcoin's growth to $740. The surge was fueled by social media buzz, FOMO, ShibaSwap launch, Coinbase listing, merchant acceptance, and Elon Musk's tweets. Despite a crypto winter in 2022, Shiba Inu expanded with ShibaDEX and Shibarium. Currently trading at $0.00000947, its recent Shibarium launch aims to boost the price, hoping to reach its all-time highs. #ShibaPricePrediction #ShibaPriceAnalysys #ShibaInuSurge #cryptocurrency #crypto2024
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The U.S. Securities and Exchange Commission (SEC) is facing a major crisis following a significant error involving Bitcoin ETFs. The SEC's social media account was hacked, leading to a false announcement of Bitcoin ETF approval, triggering market chaos and raising doubts about the SEC's cybersecurity measures and potential involvement in market manipulation. Gary Gensler promptly corrected the misinformation, attributing it to a security breach, causing Bitcoin's value to plummet below $46,000. The irony lies in the SEC, a market regulator, facing scrutiny for inadvertently contributing to market manipulation, prompting an internal investigation—a rare occurrence for the SEC. The incident has garnered widespread criticism and calls for accountability. Senator Bill Hagerty denounced the SEC's "unacceptable" lapse, emphasizing the impact on a market closely following the regulatory body's actions. Questions arise about the SEC's decision-making on Bitcoin ETFs and its compliance with recent cybersecurity regulations. Gensler, known for his critical stance on crypto, now navigates the SEC through this crisis. His past warnings on crypto investments and calls for robust security measures are revisited as he leads the investigation and strengthens the SEC's digital defenses. This incident highlights the challenges regulators face in the fast-evolving digital asset market. The Bitcoin ETF saga gains complexity, emphasizing the critical role of regulatory bodies in market stability. The SEC's mishap not only affects Bitcoin's market value but also raises concerns about safeguarding sensitive information and ensuring impartial decisions. As the SEC conducts an internal investigation, the crypto community awaits clarity in a dynamic financial landscape. The journey of Bitcoin ETFs remains uncertain, emphasizing the unpredictable nature of the cryptocurrency market and the crucial role regulators play in maintaining stability. #BTC #etf #XAI
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In the latest twist🙂, Elon Musk commented on the fake Tweet regarding the SEC's hacked Twitter account, diverting attention to Dogecoin. Responding to a post jesting about the SEC's password, Musk tweeted "LFGDogeToTheMoon (Dogecoin to the Moon)" in a mocking manner. Despite his prior disinterest in cryptocurrencies, Musk's involvement suggests ongoing market awareness. This marks a notable return for Musk, who hadn't addressed Dogecoin for an extended period. Stay tuned for updates on Musk's engagement and market developments. #etf #doge #ElonMusk.
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