Bitcoin
‘The Most Important Thing’ — Elon Musk Comments on Tech Billionaire’s Big Bitcoin Price Earthquake Provocation
Bitcoin fell from its recent highs after BlackRock analysts issue ‘unprecedented’ warning.
The price of bitcoin has fallen again to around $60,000 per bitcoin, with panicked traders reaching a “critical level” that, if breached, could send the price of bitcoin much lower.
Now, after tech billionaire Michael Dell teased wild speculation that his computer company could follow Elon Musk’s MicroStrategy and Tesla into bitcoinDell surveyed his X followers; asking whether bitcoin, artificial intelligence or “love and relationships” are the most important thing.
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The price of bitcoin has fallen from its recent peak of more than $70,000 per bitcoin.
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The poll has so far returned a 45% result in favor of bitcoin, with “love and relationships” in second place with 38% of the vote.
“Sentimental fool that I am, I clicked on ‘love and relationships,'” Musk he responded to Dell research.
“Looking forward to the next release,” bitcoin analyst Dylan LeClair he respondedsuggesting that he expects Dell’s company to announce that it has purchased bitcoin.
Earlier this month, Dell, who is the 15th richest person in the world, according to Forbes data, published a series of bitcoin-focused posts on X and had an exchange with MicroStrategy founder Michael Saylor, sparking speculation that “Dell could be the next domino to fall” and start buying bitcoin.
The interaction between Dell and Saylor reflected a similar conversation between Tesla billionaire Elon Musk and Saylor in late 2020 before musk revealed that Tesla bought $1.5 billion worth of bitcoin. Tesla then sold most of its bitcoin in 2022, but continues to hold 10,000 bitcoins worth around $600 million.
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Bitcoin price has recovered this year after a devastating bitcoin price crash in 2022.
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Saylor has emerged as one of bitcoin’s most bullish and fanatical supporters, purchasing 214,400 bitcoins via MicroStrategy since the summer of 2020 — 1% of all bitcoin that will ever exist — and leading a movement to adopt bitcoin as a reserve asset for other corporate treasuries.
MicroStrategy has seen its stock price soar since it began buying bitcoin in the summer of 2020, rising nearly 1,000% and propelling the software company to a market cap of $26 billion.
Last month, medical device maker Semler Scientific announced that it had purchased $40 million worth of bitcoin and would continue to buy bitcoin in the future, sending its stock price up nearly 60%.