Tech
‘The Most Important Thing’: Elon Musk Weighs In on the Gigantic Bitcoin Price Earthquake Predicted by the Tech Billionaire
Bitcoin has fallen from its recent highs after BlackRock analysts have issued an “unprecedented” warning..
The price of bitcoin has crashed again to around $60,000 per bitcoin, with traders panicked and turned to a “critical level” which, if breached, could send the price of bitcoin much lower.
Now, after tech billionaire Michael Dell fired wild speculation that his tech firm could follow MicroStrategy and Elon Musk’s Tesla into bitcoin, Dell interviewed his X followers; wondering if bitcoin, artificial intelligence or “love and relationships” are the most important thing.
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The price of bitcoin has dropped from its recent high of over $70,000 per bitcoin.
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So far the poll has produced a 45% favorable result for Bitcoin, with “love and relationships” in second place with 38% of the votes.
“I’m a sentimental fool and I touched on ‘love and relationships,'” Musk said He answered to Dell’s survey.
“I can’t wait to find out what happens next,” said Bitcoin analyst Dylan LeClair He answeredsuggesting that he expects Dell’s company to announce that it has purchased bitcoin.
Earlier this month, Dell, who is the 15th richest person in the world according to Forbes data, published a series of Bitcoin-focused posts on .
The interaction between Dell and Saylor is mirrored a similar conversation between Tesla billionaire Elon Musk and Saylor in late 2020 before Musk revealed that Tesla purchased $1.5 billion worth of bitcoin. Tesla then sold most of its bitcoins in 2022, but continues to hold 10,000 bitcoins worth about $600 million.
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The price of bitcoin has rebounded this year after the devastating bitcoin price crash of 2022.
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Saylor has emerged as one of bitcoin’s most bullish and fanatical proponents, purchasing 214,400 bitcoins through MicroStrategy since the summer of 2020 (1% of all the bitcoin that will ever exist) and leading a movement to adopt bitcoin as a reserve asset for other corporate treasuries.
MicroStrategy’s stock price has skyrocketed since it began buying bitcoin in the summer of 2020, soaring nearly 1,000% and pushing the software company to a market capitalization of $26 billion.
Last month, medical device maker Semler Scientific announced that it had purchased $40 million worth of bitcoin and would continue to purchase bitcoin in the future, boosting its stock price by nearly 60%.