The chief of Twitter and Tesla said that bitcoin ‘will make it’, but the financial winter may last quite some time following recent events in the ecosystem.
Elon Musk, the newly appointed CEO of Twitter, said “BTC will make it, but might be a long winter,” on Twitter early Monday morning.
The comment follows recent cataclysmic events which led to an implosion of the cryptocurrency ecosystem. However, this “crypto winter”, as it’s often referred to, has been slowly getting worse amid both institutional failure in the ecosystem and changes in global financial conditions.
Musk’s reply was made in reference to a comment recounting BTC’s previous high of $69,000 which asked where the price of bitcoin might be a year from now. Indeed, the price of BTC has drastically fallen, as has trust in the broader industry.
Cascading effects of doubt plagued the industry once the collapse of Terra’s so-called stablecoin disrupted the world of finance. Suddenly, institutions and the w
We współpracy z: https://bitcoinmagazine.com/markets/elon-musk-bitcoin-will-make-it
