As crypto is gaining popularity and people are realizing the potential for monetary value, I'm seeing more and more news articles about people that are getting robbed and/or murdered for their holdings. Link to relevant Reddit post/comments: Man Killed for $200k in ETH You wouldn't tell others how much you have in the bank, would…
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To date, the country has bought Bitcoins several times: On 07-Sep-2021: 400 BTC for $21M On 08-Sep-2021: 150 BTC for $7M On 20-Sep-2021: 150 BTC for $6.4M Total so far: 700 BTC for $34.4M At the current price of $61,389; these 700 BTC is now worth $43M. That means El Salvador has gained $8.6M on…
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With a rise in distributed political discourse, nonfungible tokens can provide exciting new opportunities for self-governance.
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Tesla CEO Elon Musk says that he will become the worldâs first Dogecoin trillionaire. According to a recent prediction by a Morgan Stanley analyst, the SpaceX founder is on his way to becoming the worldâs first trillionaire with his relentless amassing of wealth. A Twitter account called UberFacts tweeted this prediction. Amusingly, the Tesla CEO replied to the tweet, stating that he would be a Dogecoin trillionaire. With that reply, he sent the Dogecoin price soaring again. Related Reading | Elon Muskâs âBaby Dogeâ Tweet Spikes The Dogecoin Price As of today, Musk is already the wealthiest man in the world, ahead of Amazon founder Jeff Bezos, who is in second place. According to the Bloomberg Billionaires Index, he has an estimated net worth of $252 billion. The Bloomberg Billionaires Index is a daily ranking of the worldâs richest people. In July, the tech entrepreneur revealed that he owns Bitcoin, Dogecoin, and Ether. Elon Musk and Dogecoin Muskâs net worth has skyrocketed because of Tesla, whose stock price has kept increasing over the months. On Friday, the companyâs shares rose to a new high above $900/share. With his current net worth, he is worth more than the entire Gross Domestic Product (GDP) of New Zealand. On Friday, Twitter account @UberFacts reported the prediction from Morgan Stanley. Elon then replied directly to the tweet agreeing that he would be a trillionaire, but in Dogecoin. In typical fashion, Muskâs mention of Dogecoin in the tweet resulted in the coinâs price rallying by almost 6% in just an hour. At the time of writing, Dogecoin is trading at $0.247. Musk’s tweet pushes Doge to $0.247 | Source: DOGEUSD on TradingView.com In July, Musk revealed that he owns Bitcoin, Ethereum, and Dogecoin. However, he has always posted memes about Dogecoin in particular and is constantly weighing in on the meme coin. In May, the SpaceX founder announced that in 2022, SpaceX will launch a moon mission funded by Dogecoin. He said this is the first time that cryptocurrency will be used in space, and that it will also be the first meme used in space. SpaceX Founderâs Net Worth Prediction According to the Guardian, analysts at investment bank Morgan Stanley have predicted that Elon Musk will become the first trillionaire in the world. Forbes says that the tech entrepreneur is working to revolutionize transportation both on Earth, through electric car maker Tesla, and in space, via rocket producer SpaceX. A Morgan Stanley analyst says that he could make much more money from his space exploration business SpaceX than he has made from Tesla. Related Reading | Elon Musk Brushes Off SNL Fail, Plans To Literally Send Dogecoin To The Moon The analyst Adam Jonas said that SpaceX was âchallenging any preconceived notion of what was possible and the timeframe possible, in terms of rockets, launch vehicles and supporting infrastructureâ. He added: âMore than one client has told us if Elon Musk were to become the first trillionaire ⊠it wonât be because of Tesla. Others have said SpaceX may eventually be the most highly valued company in the world â in any industry.â Related Reading | SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk Jonas estimates that the privately-held SpaceX, valued at $100bn this month, could be worth $200bn and even more. It is presently the worldâs second-biggest privately held company, after the internet firm ByteDance. The SpaceX founder owns roughly 48% of the company. It remains to be seen if these predictions about the Tesla CEO will come to pass. Featured image by The World Financial Review, Chart From TradingView.com
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The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto assetâs top. On October 20, cryptocurrency market analyst Justin Bennett discussed bitcoinâs possible price floor after it reaches the top. Bennett suggests the end of this [âŠ]
