Elon Musk Backs Bold Crypto Forecast — Agrees Traditional Currencies Could All Turn Digital By 2030
Portfolio Pulse from Benzinga Newsbot
Elon Musk, CEO of Tesla Inc. and Twitter, has expressed his support for a 2030 cryptocurrency forecast that suggests all traditional currencies might become digitalized. This could potentially drive up the price of Bitcoin and Ethereum. At the time of publishing, Bitcoin was trading at $30,318 and Ethereum at $1,868.36.
July 13, 2023 | 3:19 am
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NEUTRAL IMPACT
Elon Musk's endorsement of a 2030 crypto forecast could potentially influence Tesla's stock price.
While Elon Musk's comments could influence the crypto market, it's unclear how this would directly impact Tesla's stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Elon Musk's endorsement of a 2030 crypto forecast could potentially drive up the price of Bitcoin.
Elon Musk's comments have historically influenced the price of Bitcoin. His support for a 2030 crypto forecast could potentially drive up the price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Elon Musk's endorsement of a 2030 crypto forecast could potentially drive up the price of Ethereum.
Elon Musk's comments have historically influenced the price of Ethereum. His support for a 2030 crypto forecast could potentially drive up the price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100