Bitcoin
‘The Most Important Thing’ — Elon Musk Comments on Tech Billionaire’s Bitcoin Price Trigger
Bitcoin fell from its recent highs after BlackRock analysts issue ‘unprecedented’ warning.
The price of bitcoin fell to around $60,000 per bitcoin, with panicked traders turning to a “critical level” that, if breached, could send the price of bitcoin falling sharply.
Now, after tech billionaire Michael Dell teased wild speculation that his computer company could follow Elon Musk’s MicroStrategy and Tesla into bitcoinDell surveyed his X followers; asking whether bitcoin, artificial intelligence or “love and relationships” are the most important thing.
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The price of bitcoin has fallen from its recent peak of over $70,000 per bitcoin.
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The poll has so far returned a 45% result in favor of bitcoin, with “love and relationships” in second place with 38% of the vote.
“Sentimental fool that I am, I touched on ‘love and relationships’,” Musk he responded to Dell research.
“Looking forward to the upcoming release,” bitcoin analyst Dylan LeClair he respondedsuggesting that he expects the company Dell 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 X and had an exchange with MicroStrategy founder Michael Saylor, sparking speculation that “Dell could be the next domino to fall” and start buying bitcoin.
The interaction between Dell and Saylor mirrored a similar conversation between Tesla billionaire Elon Musk and Saylor in late 2020 before Musk revealed that Tesla purchased US$1.5 billion in bitcoins. Tesla then sold most of its bitcoins in 2022, but continues to hold 10,000 bitcoins worth about $600 million.
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Bitcoin’s price has recovered this year from its devastating 2022 crash.
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Saylor has emerged as one of bitcoin’s most optimistic and fanatical supporters, purchasing 214,400 bitcoins via MicroStrategy since the summer of 2020 – 1% of all bitcoin that will ever exist – and leading a movement to adopt bitcoin as a reserve asset for other companies. treasures.
MicroStrategy has seen its share price soar since it began buying bitcoin in the summer of 2020, rising nearly 1,000% and propelling 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 that it would continue to buy bitcoin in the future, increasing its share price by nearly 60%.