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This is What Bitcoin Maxis Would Like Elon Musk to Do, According to David Gokhshtein

Bitcoin maximalists believe Elon Musk is key to letting Bitcoin reach new heights, according to Gokhshtein

  • Can Elon Musk’s Tesla push BTC to ATH again?
  • What are Bitcoin maxis hoping for from Elon Musk?

In an interview with his twitter followers on Christmas Day, David Gokhshtein, founder of Gokhshtein Media and former U.S. congressman, discussed Bitcoin and Elon Musk’s role in its future rise.

Is Elon Musk’s Tesla capable of pushing Bitcoin to ATH again?

Bitcoin maximalists would give anything to see the Tesla and Twitter CEO convert all his assets to bitcoin, according to Gokhshtein.

According to a tweet from Elon Musk last year, he owns Bitcoin, Ethereum, and Dogecoin.

In January 2021, Tesla announced that it had acquired $1.5 billion worth of the major crypto currency. Back then, the company announced it would begin accepting Bitcoin as payment for its luxurious e-cars. In response to concerns over Bitcoin’s controversial role in global environmental issues, Musk canceled that option a few months later.

Tesla’s purchase of BTC in March 2021 was one of the main factors that drove Bitcoin to its all-time high of $58,668. After 50% of miners use renewable energy, Tesla will resume accepting Bitcoin.

How much do Bitcoin maxis put their faith in Elon Musk?

In spite of the fact that Musk promised that his e-car producing company would keep Bitcoin on its balance sheet, as reported in July of this year, Tesla sold nearly all of its Bitcoins for slightly less than $1 billion, despite Musk’s promise.

Apparently, according to David Gokhshtein, Bitcoin maxis believe that if Musk converts all of his assets to bitcoin, the price may jump, perhaps reaching a new all-time high or at the very least leveling off with the price that reached $69,000 back in November of last year.

In the time in which this writing is being printed, the leading digital asset is changing hands for $16,869, which is a whopping 75.50% below the historic peak reached last November.

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Financial Futurism © 2024. All rights reserved.

Disclaimer: The information provided here is not financial advice - it is for informational or entertainment purposes only. The opinions expressed here are not necessarily those of Financial Futurism writers or staff. Trading and investing involve risk, so you should always conduct your own research before investing. If you are planning to make an investment, you should contact an authorized financial expert. You should not invest money that you cannot lose.

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Financial Futurism © 2024.
All rights reserved.

Disclaimer: The information provided here is not financial advice - it is for informational or entertainment purposes only. The opinions expressed here are not necessarily those of Financial Futurism writers or staff. Trading and investing involve risk, so you should always conduct your own research before investing. You should not invest money that you cannot lose.