While major cryptocurrencies continue trading in their range, it’s encouraging to see them in the green after another decrease earlier this week.
On the 21st of July, the long-awaited event featuring known Bitcoin enthusiasts, including Jack Dorsey and Elon Musk, joined Cathy Woods to talk about the digital gold. A few important takeaways from this event.
- Elon Musk holding BTC, ETH, and DOGE: the man behind Tesla and SpaceX, shared that he has a diversified portfolio which he doesn’t intend to sell. A quote that will be framed by many in the DOGE army is: “I pump, but I don’t dump.”
- Mining going green: While previously explaining the decision to stop accepting Bitcoin payments with its carbon footprint, Elon Musk shared that it seemed that Mining was going more towards renewables and didn’t rule out starting to accept crypto again.
- Bitcoin not majorly used by criminals: Chainanalysis, a company focusing on tracking on-chain data, reports that Bitcoin isn’t - as news outlets like to note - used much to finance illicit activities. In fact, most of the Bitcoin activity consists of trading and investing.
- July 28th, 2021