Simply putAlthough Bitcoin recently fell below $25000, the CEOs of well-known technology companies, including Eric Schmidt and Elon Musk, are still optimistic about Cryptocurrency.These industry giants emphasize not the current price of Bitcoin, but the inherent value driven by its technological strength and global applicability
Simply put
- Although Bitcoin recently fell below $25000, the CEOs of well-known technology companies, including Eric Schmidt and Elon Musk, are still optimistic about Cryptocurrency.
- These industry giants emphasize not the current price of Bitcoin, but the inherent value driven by its technological strength and global applicability.
- In the current turmoil, the bullish stance of these technology leaders can provide a certain degree of assurance for investors looking forward to the future of Bitcoin.
Bitcoin has recently experienced a staggering 4.11% decline in the cryptocurrency market, with prices falling below $25000, which may cause some market observers and investors to break into a cold sweat.
Nevertheless, despite the fear in the field of Cryptocurrency, the CEO of the world's most successful technology company remained unmoved and insisted on looking at the future of Bitcoin.
Bitcoin's decline means being bought
After losing 1060 points, Bitcoin plummeted from $25850 to a low of $24800. The sudden decline triggered a permanent future exchange settlement of over $40 million.
With the strengthening of supervision, Cryptocurrency enthusiasts are worried about the uncertain future.
Despite the brewing storm, the backbone of the technology industry, such as Michael Sellers, Tim Cook, Eric Schmidt, Jack Dorsey, and Elon Musk, still firmly believe that Bitcoin is still on the rise.
Michael Saylor, co founder of MicroStrategy, continued to express his bullish sentiment towards the Bitcoin. He recently stated that the only path for Bitcoin to move from its current price level is to 'rise'.
"Now I think the public is beginning to realize that Bitcoin is the next Bitcoin. The next logical step is for Bitcoin to rise 10 times from here, and then rise 10 times again. Finally, I am confident that the Cryptocurrency exchange will change and realize that Bitcoin is indeed the leading asset in this field," Saylor said.
Although Saylor is known for his "extremist" stance on Bitcoin, he is not the only tech CEO who still looks at Bitcoin like.
The CEO of a technology company understands the inherent value of Bitcoin
Apple CEO Tim Cook responded to Sellers' views. Although he stated that he was not providing investment advice, Cook expressed his belief in the position of Bitcoin in a diversified investment portfolio. Therefore, it reveals his continued interest in the pioneer Cryptocurrency.
I think it's reasonable to include Bitcoin as part of a diversified investment portfolio... I've been interested in it for a while. I've been researching it, etc. So I think it's interesting, "Cook said.
At the same time, Eric Schmidt, the former CEO and chairman of Google, put forward a slightly more technical view. He praised Bitcoin's unique and non replicable encryption capabilities as an "astonishing progress".
Therefore, it suggests that Bitcoin's revolutionary ledger technology may become the foundation of many businesses.
"The Bitcoin architecture, which literally means the ability to have these non replicable Ledger, is an amazing progress, and many people build businesses on this basis," Schmidt said.
On the other hand, Square's CEO Jack Dorsey has a global perspective. He supports Bitcoin as a universally beneficial asset.
Dorsey stated that his global influence and accessibility have the potential to change the world, and promised to use his influence to ensure the realization of this potential.
I think Bitcoin benefits the entire world. What I mean is that it's incredible because everyone in the world will benefit and gain value from using it. We make it easier to obtain, just realizing that we finally have a currency that can be traded at any point on Earth, which is truly incredible, "Dorsey said.
Even SpaceX CEO Elon Musk, known for his forthright comments, stood up for Bitcoin, although he expressed some environmental concerns about its energy intensive Proof of work. However, the billionaire technology giant confirmed that he and Tesla have already invested in Bitcoin and personally own some.
I support Bitcoin... except for Tesla and SpaceX, the only important thing is Bitcoin. Both companies own Bitcoin. So in addition, I also own Bitcoin, "Musk said.
Greed when others are afraid
Although people are concerned that the current decline in Bitcoin prices has triggered it, it is clear from the positions of the CEOs of these technology companies that their confidence in the potential of digital assets is unwavering.
For these technology industry giants, the temporary collapse of Bitcoin will not weaken its long-term potential. They emphasize that this is not the current price, but the inherent value of Bitcoin. Driven by the technological strength and global applicability of Bitcoin, they have always looked at it like Bitcoin.
Although the Cryptocurrency market is no stranger to volatility, the unanimous support of these leading industry figures can provide investors with a certain degree of assurance.
Due to these giants closely monitoring the trajectory of Bitcoin, the question remains whether Bitcoin will rebound, when, and how high it may soar. For these technology leaders, although Bitcoin's future is currently declining, it seems more promising than ever before.
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