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[AudraMiller]

Elon Musk is a name that many cryptocurrency enthusiasts know about, and when this name is mentioned people immediately go to check the market of the bitcoin and dogecoin cryptocurrencies as these are the two where he is most influential and where he has spoken out about on numerous occasions. However, it seems that Elon Musk is not just focused on these coins and in the event that took place yesterday, Elon Musk confirmed that he is also invested into the Ethereum coin. This could be a great point for the Ethereum coin, as this can spark some major investors into this altcoin that can result in it being a formidable competitor to bitcoin in the future. What are your thoughts on the investment that Elon Musk has into Ethereum and do you think that this will help the altcoin achieve some high predictions set out by analysts?

 

[AudraMiller]

This could possibly create a good standing for Ethereum against BTC and other ALT coins, but Elon have related himself to a number of coin in resent time, such as Shiba inu, baby doge and more....we can only keep a watch eye on the market still...

I think that he is trying to promote the cryptocurrency community and world as a whole and that is why he has tried to diversify his investment into various coins. Has he tweeted about the Shiba coin at any point by any chance?

 

[crypworld]

From what I read there has been a surge in Ethereum prices by 12% after Elon Musk mentioned he has invested in Ethereum as well.

Elon Musk said he will try to PUMP and not DUMP. I liked that ...?

 

[Josemendez]

Even before he mentioned that , I am quite confident that he is going to have other coins outside dogecoin and bitcoin. He has been paying attention to the market.

 

[Josemendez]

But look at it the other way round as a business man and entrepreneur that he is, he would always look into the ways by which he can continually use the emotions of the people to boost his own wealth....since the market is presently on his side.

Well , in as much as this might be true , I don't believe in assumption because it can be misleading. We just need to understand his reasons

 

[BullyMaguire]

I guess that's because Ethereum is getting a lot of attention nowadays ..he needs to make money and will now boost this one.. or atleast try

 

[LutherKing]

And he is just using his own way to make money still he is giving ideas what currencies you should not invest when you hear him invested

 

[gammarays]

Elon musk is a radical investor and seems to invests in coins of the future. From doge to Bitcoin to shiba and the rest. These coins has potentials to increase greatly so Elon throws his weight behind them.

 

[AudraMiller]

Elon musk is a radical investor and seems to invests in coins of the future. From doge to Bitcoin to shiba and the rest. These coins has potentials to increase greatly so Elon throws his weight behind them.

I personally think that any coin that he invests in will have a perceived future. Think of dogecoin. It started off as a meme coin with no future, but after receiving an investment and backing from musk it quickly rose to have a good future in the crypto world.

 

[Wisdom01]

Glad he is also focusing on other altcoins like ethereum too , because when the price of those coins rises he is going to benefit very well and make more gains too

 

[AudraMiller]

Glad he is also focusing on other altcoins like ethereum too , because when the price of those coins rises he is going to benefit very well and make more gains too

I completely agree with you. And i think that this will promote the growth of the cryptocurrency community as a whole as opposed to just focusing on a few coins. Hopefully this can help the Ethereum price to recover as well.

 

[Wisdom01]

I completely agree with you. And i think that this will promote the growth of the cryptocurrency community as a whole as opposed to just focusing on a few coins. Hopefully this can help the Ethereum price to recover as well.

It will surely help ethereum price to improve too , because it would give more confidence to those traders to continue to hold ethereum for long if they want more gains

 

[AudraMiller]

It will surely help ethereum price to improve too , because it would give more confidence to those traders to continue to hold ethereum for long if they want more gains

Exactly! Just like how he has done with bitcoin and dogecoin. I think that the next big step will be for tesla to start accepting Ethereum as a form of payment and this can do wonders for the price of this coin.

 

[Niftyicon]

Elon Musk's interest in any coin makes it gold and as much as that much power is bad for the markets, it is the reality on ground presently.

 

[gammarays]

I personally think that any coin that he invests in will have a perceived future. Think of dogecoin. It started off as a meme coin with no future, but after receiving an investment and backing from musk it quickly rose to have a good future in the crypto world.

Yes he has an eyes for trending coins and has a good foresight. I love the way he invests in crypto because I know his net worth will triple in coming years. He's a billionaire that loves taking risks.

 

[Wisdom01]

Exactly! Just like how he has done with bitcoin and dogecoin. I think that the next big step will be for tesla to start accepting Ethereum as a form of payment and this can do wonders for the price of this coin.

This is good I hope he allows such to happen ,atleast telsa should even accept the 3 coins as payment option ,it would develop the coins at large with the crypto community too

 

[AudraMiller]

This is good I hope he allows such to happen ,atleast telsa should even accept the 3 coins as payment option ,it would develop the coins at large with the crypto community too

I agree with you. It would be a good idea to partner with a cryptocurrency payment platform. Maybe something along the lines of bit pay as they accept these three coins and even stable coins as well.

 

[Wisdom01]

I agree with you. It would be a good idea to partner with a cryptocurrency payment platform. Maybe something along the lines of bit pay as they accept these three coins and even stable coins as well.

If they accept the 3 coins users would have different alternative of coins to invest on , so it's a very good thing if it's been considered I think

 

[gammarays]

There are many popular altcoins around with great utility. Elon seems to know the future and knows what coin to invest in. Well we await him to speak of other coins so we can invest.

 

[Josemendez]

Majorly, everything that seems to be happening in the market favours him in either ways, bullishness, he cashes out, bearish he buys more.

Exactly this is what happens with wealthy people , they have what it takes to capitalize on every change that happens in the crypto world