🔥🔥Musk suddenly broke the silence! He warns about the "destruction" of the US dollar and admits Bitcoin🔥🔥
Billionaire Elon Musk believes that Bitcoin has “some value” and suggested that other cryptocurrencies are also doing well. He pointed out that the US dollar is headed for 'destruction', and the ever-growing $35 trillion debt could bankrupt the United States.
Forbes reported that after Bitcoin prices plummeted in 2022, Musk, as CEO of Tesla, largely avoided commenting on Bitcoin and cryptocurrencies. However, with the acceptance of Wall Street and the change in stance of Republican presidential candidate Donald Trump, Bitcoin price recovered and once again challenged the $70000 level.
In an interview broadcast on YouTube, Musk said: “I think Bitcoin has its advantages and probably other cryptocurrencies are good too. I especially love Dogecoin because I love dogs and emojis.”
Musk added $1.5 billion worth of Bitcoin to Tesla's balance sheet in 2021, sending Bitcoin prices soaring and boosting Dogecoin and broader cryptocurrency markets.
However, he first withdrew Tesla's plan to accept Bitcoin payments, then sold the majority of Tesla's Bitcoin to barely achieve a profitable quarter in 2022, leading to a sharp drop in Bitcoin prices.
Tesla still holds nearly 10,000 bitcoins on its balance sheet, worth nearly $650 million.
At the same time, Musk also hinted that his Twitter platform (now renamed X) will roll out a series of upgrades, which some Bitcoin and cryptocurrency traders believe could change the market.
According to US media reports in early July, Musk warned that the US dollar was headed for "destruction" and that the growing $35 trillion debt could bankrupt the country. , which some analysts believe could push up Bitcoin prices.