Published On May 26, 2021
Bitcoin, it’s been a huge talking point in financial media following a crazy week of wild events that caused prices to plummet over 50% then slightly recover to just over 37k a coin. All of this started when Elon Musk tweeted out that Tesla would no longer accept Bitcoin as payment for it’s vehicles. Quite a shocking comment from a man who has embraced cryptocurrencies arguably becoming Bitcoin’s largest influencer. Whether by conscience or not, Bitcoin’s price following this tweet began to plummet hitting a low of $31,179 nearly half of what it was in mid-April ($65,000). This wild volatility ride also caused a huge surge in commentary from prominent investors. One of those Ray Dalio had some shocking comments in his interview with CoinDesk.
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