Elon Musk is in the latest Bitcoin news this week, this time for teasing the public with a new and quite mysterious tweet about Bitcoin that is currently whipping up a lot of speculation among analysts and the entire crypto community.
Musk, who is the founder of SpaceX and Tesla and one of the most popular Twitter users, published a tweet that reads: “I love anime.”
In the same thread, however, he made another comment, stating “Wanna buy some Bitcoin?” alongside an anime image that features the Bitcoin logo.
The image was created by the website Cryptocurrency Girls which is known for transforming cryptocurrencies in anime-like characters.
Some people thought that Musk’s account was hacked. Apparently, Twitter thought of that too and locked his account, a decision on which Musk ironically tweeted:
Twitter thought I got hacked & locked my account haha
— Elon Musk (@elonmusk) October 23, 2018
Responding to Musk’s tweet, the founder of Binance, Changpeng Zhao, also commented in a half-joking retweet stating “Lol, it’s spreading. I will buy a Tesla if you accept crypto…”
Even though Musk’s tweet is most likely to be based on jokes and having fun, it is more than obvious that Bitcoin is getting more traction among high-profile investors and some of the most successful CEOs nowadays.
A New $4 Billion Drop Sees Bitcoin Cash – And The Entire Market – Falling
Financial Analyst Gary Shilling: Bitcoin Is Some Kind Of A Grand Ponzi Scheme
“There’s supposedly a limit on there, but where is it written in stone that can’t increase? And of course, the electricity that’s churned out by the miners trying to solve these algorithms is just extraordinary.”He dismissed bitcoin by calling it a black box which is a very complex investment model. Also, Shilling noted that he is very suspicious of many things that are clearly not transparent and said that it is not the best idea to invest in something if you don’t understand it. There are plenty of reasons why bitcoin fails as a currency such as not being a store of value, it’s also not a medium of exchange and it is still not accepted universally.
“All the requirements that you normally have for a currency, it just doesn’t have. The only legitimate use I can think of in bitcoin is off-the-books kinds of transactions, underworld transactions. I just don’t see a legitimate use. It is a game,’’ said Shilling.However, the younger generation of tech millionaires is extremely confident that bitcoin will eventually manage to toss aside all other currencies. Some of them even predict bitcoin to reach a price of $250,000.
‘Time May Be Right’ For Home Crypto Mining: Coinbase CTO
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine.”This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures. Following the Coinmine announcement, Srinivasan wrote:
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine."As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine's ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.
“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure." Srinivasan concluded.
Crypto Exchange OKCoin Expands To Latin America, Launching A Fiat Market
"We’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence,” Buyn said following the official announcement.He also pointed that the Latin American market is extremely important for the exchange as it is for many crypto and blockchain industries.
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