CandleFocus Surprise Elon Musk Endorsement Suddenly Sends Bitcoin And Crypto Prices Higher
2024-10-21
Author: Content Editor
The bitcoin price is approaching its all-time high as fears over government spending and former U.S. President Donald Trump's comments on crypto contribute to its surge. Elon Musk, Tesla's CEO, has called cryptocurrency "interesting and probably valuable," while emphasizing its potential for individual freedom. Musk's recent actions, including moving Tesla's remaining bitcoin to a new address, have caused fluctuations in the bitcoin price. It is speculated that the move was made in preparation for an over-the-counter sale or for storage in a different custodial wallet.
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