Bitcoin Jumps Near $40,000 After Musk Tweet

May.24 -- Bitcoin ended up having its biggest intra-day gains of the year so far, bouncing back from the weekend selloff. This comes after another tweet from Elon Musk saying that a possible solution to environmental concerns about cryptocurrencies may be in the works. Bloomberg’s Su Keenan reports on “Bloomberg Daybreak: Asia.”

[matthewlevy]

I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein.

[JB-dvew]

So Elon Crashes the market, buys the dip, somehow convinces everyone that they need cleaner energy, and now he can sell his Tesla power products to the mining industry. This guy is an absolute marketing master.

[ronburgandy]

I'm so shocked people and the media seem to hang off a guy that owns 0.02% of the Bitcoin market 🤷‍♂️ he could sell it all and it won't make a dent... But he can tweet and the FEAR moves it 100x on what he holds??🥴 People are nuts.

[patrickbeall]

Investing in bitcoin is the best investment anyone can do this season, because bitcoin investment has made a lot of people millionaires

[Slickpete]

*what Elon Musk, did you say we sell your TESLA stock and buy BITCOIN ?, ok no problem, short TESLA lol.. hahahahaha*

[shoylu]

Bitcoin is not decentralized, its not digital gold and cryptos are not scars. Cryptos can be printed at infinite supply. Dont get me wrong, cryptos and all the ecosystem is fascinanting but its being moped. They will go through the same phase as dotcom companies.

[orjihvy]

How does Elon Musk get things done when he seems to lack focus?

[SabbathSOG]

have somebody on that doesn't like Bitcoin. The only people you have on a people that like Bitcoin.

[chih-kaichang]

Bitcoin has tumbled 40% within one month!!! Very highly speculative and extremely volatile !!! I've been all in GOLD for a couple of months!! Too many conditions just favoring gold prices recently.... such as ultra-low interest rates, real yields get more negative due to the increasing hyperinflation, the unlimited QE's since the last Mar. 2020, new waves of Covid pandemic in Asia, all commodities' prices soaring, and the crypto prices tumbled recently due to trading bans by many central banks, all forming the perfect storms for the skyrocketing gold prices !!!

[johne]

Yes if one person can swing the price of my life savings, forget it.

[archangel_metatron]

Why do people choose Bitcoin? It will take forever to get it to $60K if it's possible. Dogecoin will double your money over and over on it's way up to replace Bitcoin though.

[SabbathSOG]

So I understand that Bitcoin is now dependent on whatever Elon musk tweets. Sounds like a great investment to me.

[TheMjoDoj]

Elon Musk Tweets: "Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising."
BTC Miner: "Elon Musk left me a voicemail. He said he demands we switch to renewables and to tell China. He didn't say who in China, he just said China. He kept calling himself the Golden God then he said he remains supreme over everyone at this school. I don't know what he's on about but I'm just going to delete the voicemail."

[rp]

Easy to manipulate fools. He must of bought this morning lol

[skyak]

The BTC blockchain will be used to prosecute these crimes against the environment. Time for BTC gamblers to pay taxes on their carbon emissions.

[mrpmj]

Best stocks Amazon, Apple, Facebook, Twitter, Nvidia, Microsoft, Netflix. Disney and Wells Fargo for the

[stockgorilla]

Here is what I think about all crypto assets.

1. Bunch of useless tokens that sit ontop of a blockchain with no real world value or value that's attached to the underlying asset. No shareholder rights, no voting rights and no rights on liquidation

2. I bet all of the eth bnb mining fees are based on the individual investors swaping one useless token for another useless token (meme coins). These companies have no real turn over.

3. Skewed morals of Majority of the investors involved "crypto bros". They talk one min about "decentralised the world bro, help the small people" and at the same time knowingly and actively being involved in a ponzi scheme to rob novice small investors.

4. All defi dapps are based on leveraging/trading one useless token for another useless token, resulting in no real world improvements.

Shaky foundations, never end well.

Some one prove me wrong.

[wegder]

Everyone can be a billionaire if they just buy $100 of Bitcoin, we will never have to work again.

[condors]

Bitcoin is a game for the rich. Elon Musk think that he can make wonders!

[ОленаБілоус-ни]

I'm surprised that being in defi and wanting to short oil price you still can not do that. No one build solutions for trading fuel derivatives. Except @PetroSwap