Elon Musk accused of losing faith in the future of cryptocurrencies

Peter Schiff, a well-known American stockbroker and ardent opponent of cryptocurrencies, believes that Elon Musk’s recent behavior on Twitter means that the Tesla CEO is gradually losing interest in cryptocurrencies.

«I just noticed that the latest person to be tweeted by Elon Musk is @WallStreetSilv. Perhaps Musk is tired of watching his bitcoin and other crypto holdings collapse and is finally interested in protecting his wealth with real-world instruments,» Schiff said. It should be noted that @WallStreetSilv regularly writes about silver investment schemes.

Despite selling a significant amount of BTC, Tesla remains one of the largest bitcoin holders. According to Buy Bitcoin Worldwide, Tesla owns a total of 10,725 BTC, which is about $ 180.30 million at the current exchange rate.

As a reminder, the total wealth of the richest crypto billionaires has decreased by about $ 116 billion this year, according to Forbes. The CEOs of cryptocurrency exchanges BinanceЧанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">(Changpeng Zhao), FTXСем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">(Sam Bankman-Fried), and Coinbase (Brian Армстронг «href="https://noworries.media/biography/brajan-armstrong/» data-bio-id="3684">Armstrong) lost the most.