Elon Musk Addresses Dogecoin And Investing In Crypto

Here are quoted reasons why Elon Musk supports Dogecoin. Elon Musk Addresses Dogecoin And Investing In Crypto

“I intend to personally support Dogecoin because I just know a lot of people who are not that wealthy who have encouraged me to buy and support Dogecoin, so I’m responding to those people, just people that walk around the factory at SpaceX or Tesla. They’ve asked me to support Dogecoin so I’m doing so.”

“I have never said that people should invest in crypto. SpaceX, Tesla, myself all did buy some Bitcoin but it’s a small percentage of our total cash and near-cash assets, so not all that significant.”….

“I also bought some Dogecoin and Tesla accepts Dogecoin for some merchandise and SpaceX will do the same…I said I support Dogecoin and I’m doing that.”


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After the crypto crash, what experts are waiting for next

After the crypto crash, here’s what industry experts are waiting for next. There is much truth to a lot of these points, as highlighted in this article listed below:

  • Cryptocurrency companies dominated the main street at the World Economic Forum in Davos this year, a notable difference between this edition and the last one in 2020.
  • Industry players welcomed the recent bear market in cryptocurrency as they said it is a chance to get rid of the bad actors and focus on building products.
  • Many said they expect thousands of cryptocurrencies to collapse.
  • Stablecoins and regulation were two other significant topics.

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Value Comes From Crypto Market Volatility?

There is quant approach of this volatility in the crypto market space so see below.

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Smart money analysis comments from this Bloomberg article:

e general idea of price volatility as a value dates at least as far back as Fischer Black, one of the founders of options price theory. 1

As crypto prices become more stable, the volatility benefits from crypto diminish. After a while, when investors see lower price volatility, they will be less interested in crypto. They will sell, creating downward pressure on prices.

But the story does not end there. Then the volatility game starts up again. As the price is falling, investors will wonder: Exactly how much has crypto volatility fallen? How much do other investors mind? Exactly what kind of process is driving these developments?


The bottom line: Even risk-averse investors can seek out some volatile price movements. This means that the future of crypto assets will be more persistent than many people expect, and will not require those assets to become more stable or fully satisfy a long list of practical uses. That said, when greater stability does eventually come, crypto will lose some of its luster — and future prices may disappoint some of crypto’s most ardent advocates.


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If you only understood how the Smart Money looks at these crypto markets