Elon Musk supports daring crypto forecasts for 2030, which may drive up Bitcoin and Ethereum
Elon Musk supports daring crypto forecasts for 2030, which may drive up Bitcoin and Ethereum
Elon Musk supports a bold crypto forecast for 2030, which may drive Bitcoin and Ethereum
Although the cryptocurrency market giants Bitcoin (BTC) and Ethereum (ETH) have recently consolidated their profits, many cryptocurrency supporters have expressed their optimistic forecasts for the future of the industry, including Elon Musk.
In fact, the CEOs of Tesla (Nasdaq: TSLA) and Twitter (NYSE: TWTR) responded to an answer from July 11 Post by Twitter user Daniel, also known as Growing_Daniel, who shared his prediction that all traditional currencies could be digitized by computer processors or graphics processors (GPUs) by the end of the decade.
"By 2030, all currencies will be fully supported by GPUs, which would have sounded like a crypto forecast five years ago." - Daniel (@growing_daniel) July 11, 2023
The author referred to the fact that Proof-of-Work (Pow)-Crypto-Miner GPUs use to digital assets, as well as the growing trend towards digitizing fiat currencies. In response to this, the billion -dollar entrepreneur agreed with the general opinion, but stated that there should be a change in terminology for the underlying technology as such. When Musk replied: "We should probably stop calling them GPUs, but yes."
It is known that such an urgent statements as the above, in particular influential personalities such as Musk itself, influence the general mood in the crypto sector and drive up the price of the relevant digital assets or the market as a whole.
Against this background, Bitcoin and Ethereum, as representatives of the industry and after market capitalization, could see a significant increase in price, especially in connection with other trends and indicators that could support them upwards.Bitcoin and Ethereum price analysis
At the time of printing, Bitcoin was traded at $ 30,728, which corresponds to an increase of 1.08 % that day, a decrease of 0.12 % compared to the previous week and an increase of 18.56 % on the monthly type, as can be found out of the latest data on July 12th.
In fact, the pseudonymic crypto market analyst named Seth has taken note of the former chart patterns from Bitcoin, especially those from 2016 and 2019, which indicate that "the Bitcoin bull market has officially started", as Coinphony previously reported.
Meanwhile, the price of the Ethereum cryptocurrency was $ 1,889.36, an increase of 1.07 % in the last 24 hours, a decline of 2.15 % in the last seven days and an increase of 8.36 % compared to the previous month.
In addition, Ethereum also waves a bullish mood, according to a leading crypto analyst Altcoin Sherpa. According to the tweet, it is assumed that he could "reach up to $ 3,000 before it comes to a decline", the strength of which will depend on the more comprehensive macrofactors.
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The contribution Elon Musk supports a bold crypto forecast for 2030, which may drift Bitcoin and Ethereum, first appeared on Coinphony.