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RE: DO YOU STILL BELIEVE that Elon Musk is good for Crypto Space? [share your view]

in Project HOPE3 years ago
Greetings @crypto.piotr in advance thank you for sharing your position on a case that affects us all. No doubt many of us saw TESLA's entry into the crypto market as an opportunity for the Bitcoin price to reach record highs which many analysts commented on.

However, Elon Musk and his influence has shown us how easy and manipulable cryptocurrencies can be and it is to be expected that now more than ever they are in the eye of the hurricane and that we will have regulatory systems on top of them in the short term. (more trouble for the bullish price)

I consider Elon Musk's statements as a well executed plan that could generate substantial gains and losses for those who did not foresee this scenario or did not protect their investments, and time will show us the strength of Bitcoin and its recovery.
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 3 years ago 

Wow. What an amazing feedback @madridbg

we will have regulatory systems on top of them in the short term. (more trouble for the bullish price)

It's hard not to agree. More challenging and hostile regulations are on the way because of speculators like Elon Musk.

Appreciate it greatly.
Yours, Piotr