Bitcoin falls through $30K
Selling pressure continues in crypto, with bitcoin tumbling below $30K last night and continuing there this morning at $29.6K. Ethereum is down 6%, and nearly all the rest of the crypto universe is off by even greater amounts.
Coming up tomorrow is The ‘B’ Word launch. In the organizers’ words: “A Bitcoin focused initiative that aims to demystify and destigmatize mainstream narratives about Bitcoin, explain how institutions can embrace it, and raise awareness around areas of the network that need support.” The main event at noon ET will feature a live discussion between Cathie Wood, Jack Dorsey (who appears to have more than a surface-level understanding of Bitcoin), and Elon Musk .
Will Musk abandon his bearishness on Bitcoin as it relates to things like energy usage and block size (i.e. admit he was wrong)? Not likely. Or might the Technoking of Tesla announce the company has sold some of its $1.5B stash of bitcoin?