Binance Square
LIVE
LIVE
Lariyann
--954 views
Elon Musk's recent warning about the US dollar has set off alarms in financial circles. He cautioned that if the country's escalating national debt isn't addressed promptly, the dollar could lose its value entirely. This stark prediction underscores the urgency for policymakers to take proactive steps to stabilize the economy. The implications extend beyond national borders, affecting global markets and investor confidence. Musk's words are likely to prompt a reassessment of investment strategies as stakeholders navigate the potential fallout. #ElonsMusk #elonmuskpromote #elonmasktorewardopenAl #ElonEffect #CryptoWatchMay2024

Elon Musk's recent warning about the US dollar has set off alarms in financial circles. He cautioned that if the country's escalating national debt isn't addressed promptly, the dollar could lose its value entirely. This stark prediction underscores the urgency for policymakers to take proactive steps to stabilize the economy. The implications extend beyond national borders, affecting global markets and investor confidence. Musk's words are likely to prompt a reassessment of investment strategies as stakeholders navigate the potential fallout.

#ElonsMusk #elonmuskpromote #elonmasktorewardopenAl #ElonEffect #CryptoWatchMay2024

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@Square-Creator-f7289e1740b6

Explore More From Creator

--
As $PEPE dips from its recent high, will it rise again? After hitting an all-time high of $0.00001526 yesterday, Pepe has experienced a slight correction, dipping 4.5% to $0.00001365 in just 24 hours. Despite this pullback, PEPE has been the best-performing top-100 token, boasting an impressive 37% rise in a week and a staggering 74% increase in a month. With an astronomical 820% surge over the past month, PEPE has demonstrated robust long-term momentum that could easily reignite following today's fall. The recent approval of Ethereum ETFs has injected a wave of optimism into the market, potentially setting the stage for PEPE to soar to new heights. However, as the token surged aggressively earlier this week, it appears to be losing some steam, showing signs of a temporary pullback. The relative strength index (RSI) for PEPE dropped from 70 this morning to nearly 40, suggesting the possibility of a continued downward trend in the coming day. Moreover, after days of riding high above its 200-day moving average, PEPE's 30-day average has started to decline, hinting at a potential dip below its longer-term trend. This could indicate a week-long retracement after setting numerous fresh record highs in recent days. Yet, it's not all doom and gloom for PEPE. Trading volumes remain near record highs at $2.4 billion, with whale investors continuing to buy the token in the past 24 hours. This sustained demand and interest could be the catalyst for PEPE to rebound and challenge its previous record high once more. The SEC's approval of eight Ethereum ETFs bodes well for the broader market, including meme tokens like PEPE. These ETFs, expected to launch next month, could boost demand and trading volume for Ethereum and related tokens, fostering a bullish market environment. Given that PEPE is an Ethereum-based coin heavily backed by whales for over a year, it stands to benefit significantly from this increased market activity.
--
$BTC MicroStrategy's founder Michael Saylor has electrified the Bitcoin community with a fervent proclamation following the SEC's recent approval of Ethereum ETFs. Known for his unwavering dedication to Bitcoin, Saylor has once again asserted his belief in Bitcoin's supremacy in what he has called the "Bitcoin Godzilla" message. In a dramatic post on 'X,' Saylor depicted Bitcoin as an unstoppable force of nature, akin to the colossal movie monster Godzilla. "When Godzilla arrives, all your models are destroyed. #Bitcoin," Saylor declared, accompanying his message with a striking image of Godzilla wreaking havoc, underscoring Bitcoin’s unparalleled potential to dominate the crypto market. A small BTC mascot in the corner of the image emphasized the might and market impact Saylor envisions for Bitcoin. The provocative analogy didn’t stop there. Samson Mow, CEO of Jan3 and another fierce Bitcoin maximalist, joined the fray with his own sharp critique of the Ethereum ETF approval. Dismissing the significance of the SEC's decision, Mow claimed that such an approval was always a coin flip due to regulatory pressures. "The likelihood of spot Ethereum ETFs being approved was always 50/50," he stated bluntly. Mow, who has consistently voiced skepticism about Ethereum, reiterated his bearish outlook. He even advised Ethereum holders to consider liquidating their positions, noting, "This is your last chance to sell ETH above 0.05 BTC." His stark warning amplified the Bitcoin maximalist sentiment, reinforcing the narrative that Bitcoin remains the unrivaled king of cryptocurrencies. Together, Saylor and Mow's statements have reignited the fervor of Bitcoin enthusiasts, presenting a thrilling chapter in the ongoing saga of cryptocurrency dominance. #story #BtcStories
--

Latest News

View More
Sitemap
Cookie Preferences
Platform T&Cs