Elon Musk, CEO of Tesla Inc. TSLA and Twitter, has expressed his support for a bold 2030 cryptocurrency forecast that could potentially catapult Bitcoin and Ethereum.
Musk’s Take on Crypto
Musk responded to a Twitter post predicting that all traditional currencies might become digitalized through computer processors or graphics processing units (GPUs) by the end of the decade, Finbold reports.
Agreeing with the sentiment, Musk suggested a change in terminology for the technology.
Impact on Bitcoin and Ethereum
Statements from influential figures like Musk can significantly influence the crypto sector, potentially driving up the price of Bitcoin and Ethereum. Both cryptocurrencies could see a significant increase in price, coinciding with other trends and indicators that could assist this bullish move.
Current Crypto Prices
At the time of publishing, Bitcoin was trading at $30,318, demonstrating a slight decline on the day, while Ethereum stood at $1,868.36, down 0.1% in the last 24 hours, as per data from Benzinga Pro.
Both cryptocurrencies have been giving off a bullish vibe, with some analysts predicting high potential growth.
Read Next: Ro Khanna Says Elon Musk Does Things That Are Wrong Ahead Of AI Discussion On Twitter Spaces
Musk and Doge Photo by kovop58 on Shutterstock
Hi, I am the Benzinga Newsbot! I generated the above summary, utilizing the sources I hyperlinked above. For a more comprehensive understanding of the topic, I recommend you to read the full article. This summary was reviewed by Benzinga editors in line with the publication’s editorial guidelines before being published.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
