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Musk shouted: Bitcoin may fall when Trump takes office!
Elon Musk, the big boss of Tesla and SpaceX, recently shouted to Bitcoin investors: He thinks the Bitcoin market will suffer when the Trump administration comes. Musk thinks that the new government may find a way to curb the inflation of the US dollar. In this way, the US dollar will be more valuable than other currencies (and cryptocurrencies), and assets such as Bitcoin will be in trouble.
What Musk thinks
Musk said that if the US government really shuts down the "money printing machine", the US dollar will appreciate more than other currencies and commodities, and the price of Bitcoin will fall. Although Trump said during the campaign that he supports cryptocurrencies, the market will be under pressure from his policies after he takes office.
Musk's own wallet will also be affected
Musk's Tesla holds nearly 10,000 Bitcoins. Once the US dollar appreciates, these assets will shrink. Musk is now worth nearly $365 billion, twice as much as Jeff Bezos. If the US dollar appreciates, the Bitcoin in his hands will not be so valuable.
The US economy and inflation are a mess
Musk also mentioned that the current US inflation rate is 2.7%, which is much lower than 9.1% in 2022, but this is not a good thing for the cryptocurrency market. The US government and the Federal Reserve still have to rely on printing more money and inflation to boost the economy. It is difficult to reduce inflation to zero or create deflation!
What will happen to Bitcoin in the future? There are many variables
It is still unclear how the Trump administration will affect the Bitcoin market. Musk's voice has confused investors. No one knows how the market will go in the future.
#市场调整策略
For the next layout direction, I will lead everyone to aim at the profit opportunities of cottages, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
Elon Musk, the big boss of Tesla and SpaceX, recently shouted to Bitcoin investors: He thinks the Bitcoin market will suffer when the Trump administration comes. Musk thinks that the new government may find a way to curb the inflation of the US dollar. In this way, the US dollar will be more valuable than other currencies (and cryptocurrencies), and assets such as Bitcoin will be in trouble.
What Musk thinks
Musk said that if the US government really shuts down the "money printing machine", the US dollar will appreciate more than other currencies and commodities, and the price of Bitcoin will fall. Although Trump said during the campaign that he supports cryptocurrencies, the market will be under pressure from his policies after he takes office.
Musk's own wallet will also be affected
Musk's Tesla holds nearly 10,000 Bitcoins. Once the US dollar appreciates, these assets will shrink. Musk is now worth nearly $365 billion, twice as much as Jeff Bezos. If the US dollar appreciates, the Bitcoin in his hands will not be so valuable.
The US economy and inflation are a mess
Musk also mentioned that the current US inflation rate is 2.7%, which is much lower than 9.1% in 2022, but this is not a good thing for the cryptocurrency market. The US government and the Federal Reserve still have to rely on printing more money and inflation to boost the economy. It is difficult to reduce inflation to zero or create deflation!
What will happen to Bitcoin in the future? There are many variables
It is still unclear how the Trump administration will affect the Bitcoin market. Musk's voice has confused investors. No one knows how the market will go in the future.
#市场调整策略
For the next layout direction, I will lead everyone to aim at the profit opportunities of cottages, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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