Anil Singhvi decodes Bitcoin status as just one tweet by Elon Musk breaks cryptocurrency by a massive $8000
Zee Business Managing Editor Anil Singhvi today said that stability in Bitcoin prices will increase its long term acceptance. However, there is much volatility in it still as is evident from the fact that an Elon Musk tweet caused Bitcoin price to break by as much as $8000. Bitcoin is now trading below $50000.
The Market Guru said that Bitcoin doesn’t enjoy the trust and confidence of participants, traders or investors when compared to other asset classes and this hurts the cryptocurrency: Zee Business