Elon Musk is convinced that bitcoin will take its toll, it just takes time

Billionaire and new Twitter owner Elon Musk has shared his opinion on the future of the flagship cryptocurrency. As Musk wrote on his social network, BTC $96,064.69 Bitcoin -1.23% Market capitalization $1.9 trillion VOL. 24 hours $2.38 billion will definitely take its toll and reach new highs, but it will take time. With his comment, the billionaire agreed with the assumption of investor Jason Calacanis, who said that the BTC would be fine.

BTC will make it, but might be a long winter

— Elon Musk (@elonmusk) November 14, 2022

Regarding the former head of the FTX cryptocurrency exchange, whose bankruptcy caused problems in the entire crypto sector, Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried, Musk said that he never trusted him. The Twitter owner recalled that when he met Freed, he felt: «something was wrong with him». Commenting on a Twitter post where Internal Tech Emails re-released part of Musk’s correspondence with Sam Bankman-Fried's assistant on April 25, the billionaire said: «He [Бенкман-Фрід] turned on my internal lie detector back then, so I didn’t believe he had $ 3 billion.»

With the purchase of Twitter, Elon Musk began to discuss cryptocurrencies more actively. Apparently, the businessman is pleased that his platform acts as a media center where users learn the latest news and where all cryptocurrency scandals develop.

As for bitcoin, its value Binance-pro-zapusk-fondu-dopomogy-kryptovalyutnym-proektam-pidnyala-bitkoyin-na-6/">rose by 6% after Binance CEO Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao announced the launch of a fund to help cryptocurrency projects, which will help the market recover from the recent FTX crash. According to Binance’s CEO, the largest exchange will only help really important and honest projects that are in a difficult situation.