HomeNewscoinquora.comBitcoin Price: Celebrities Bullish, Institutions Bearish

Bitcoin Price: Celebrities Bullish, Institutions Bearish

- Advertisement -


  • Twitter personalities like Elon Musk and Jack Dorsey have endorsed Bitcoin.
  • However, more institutions have expressed bearish sentiments toward cryptocurrencies.
  • Bitcoin is currently seeing increased market volatility.

Amid Bitcoin price’s increased volatility, many institutions and celebrities begin to polarize into opposite groups regarding its future outcome.

On one side, personalities such as Tesla CEO Elon Musk are bullish toward Bitcoin and other cryptocurrencies. In fact, Elon changed his profile description to #bitcoin.

Notably, Elon has been a long-time supporter of Dogecoin, although he does so in a meme-y manner. He even took time to photoshop a cover page of Vogue magazine, changing it to “Dogue”.

Also, Twitter CEO Jack Dorsey changed his profile description to #bitcoin as well.

However, a number of institutions have expressed bearish sentiment regarding Bitcoin. For example, Bank of England chief Andrew Bailey doubts cryptocurrencies will last. “I don’t think we’re there yet, honestly,” he said.

Ireland’s central bank governor Gabriel Makhlouf also echoed Bailey’s statements, cautioning investors against cryptocurrency. In fact, he said that they may even lose their money.

Furthermore, the Bank of Singapore also believes that cryptocurrencies may not replace fiat money as a medium of exchange. However, it claims that crypto may actually overthrow gold as a store of value.

After hitting new all-time highs (ATHs) earlier in January, Bitcoin seems to be facing a number of obstacles. Consequently, many saw the Bitcoin price to move erratically, with higher leanings toward the bear market. At the time of writing, Bitcoin price is $34,0001.92, according to CoinGecko.





Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,114.00
ethereum
Ethereum (ETH) $ 3,055.73
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 330.66
litecoin
Litecoin (LTC) $ 132.07
eos
EOS (EOS) $ 2.60
okb
OKB (OKB) $ 23.64
tezos
Tezos (XTZ) $ 4.31
leo-token
LEO Token (LEO) $ 7.45
cardano
Cardano (ADA) $ 1.15
monero
Monero (XMR) $ 175.78
stellar
Stellar (XLM) $ 0.23636
chainlink
Chainlink (LINK) $ 18.08
huobi-token
Huobi Token (HT) $ 10.06
tron
TRON (TRX) $ 0.067343
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 110.68
neo
NEO (NEO) $ 22.39
iota
IOTA (MIOTA) $ 0.986863
nem
NEM (XEM) $ 0.112305
zcash
Zcash (ZEC) $ 130.00
maker
Maker (MKR) $ 2,179.29
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 31.40
vechain
VeChain (VET) $ 0.062831
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 45.98
kucoin-shares
KuCoin Token (KCS) $ 20.01
waves
Waves (WAVES) $ 10.19