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Elon Musk Bitcoin Overvalued

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Elon Musk joins the Bitcoin fever Earlier this month Tesla announced a 15 billion investment in Bitcoin. Source link Data from the on-chain market analysts Glassnode shows the number of hodled or lost Bitcoin tokens has hit a seven-month high of 7167889595 BTC. Bitcoin Us Tech Stocks Are Biggest Bubbles Deutsche Bank Survey Says Boss Elon Musk had tweeted that Bitcoins price seemed slightly overvalued the worlds largest digital asset that had touched a market capital of more than 1 trillion for first time on record later last week shrugged off a fourth of its market valuation over the past two sessions while on Tuesdays market Bitcoin the original cryptocurrency was last trading nearly 15 per cent lower to 462641. Elon musk bitcoin overvalued . The leading cryptocurrency thus struck a value above 58000. Yes you read that right. Tesla TSLA - Get Report CEO Elon Musk implied that the price of bitcoin as well as other cryptocurrencies are extended. The transaction surged the