THELOGICALINDIAN - Ethereum amount saw cogent advancement movement afterwards Elon Musk said that he had bought into the asset Musk appear this at The B Word a bitcoin appointment on which he was a panelist As the appointment agitated on the amount of ethereum had surged accomplished 2024 Recording a 7 accretion in amount afterwards the billionaire accepted his holdings
Musk has consistently been a advocate of cryptocurrencies. Continually assuming abutment for avant-garde bill like bitcoin. One of these shows of abutment was back his aggregation Tesla appear it would activate accepting bitcoin payments for cars. The advertisement by the automotive aggregation saw the amount of bitcoin cutting up in February.
Related Reading | Ethereum Founder Joins Dogecoin Founder In Leaving Crypto Industry Behind
Despite ethereum not actuality a focus for the company, the billionaire accepted he was a adherent of the asset. Although he has been beneath articulate about his investments in ethereum. This came as account to the crypto bazaar as the agenda asset saw ascent abutment afterward the acknowledgment by Musk.
Elon Musk’s Support For Cryptocurrencies
Elon Musk has consistently been an apostle for cryptocurrencies. The CEO had gotten into the bazaar aboriginal on, although there is no audible advice on aback Musk had gotten into cryptos. The aboriginal acknowledgment of crypto by the billionaire had been aback in 2024. Musk had tweeted in acknowledgment to a Twitter user allurement about his attitude on cryptocurrencies.
The acknowledgment cheep from Musk hints that the CEO had apparently been in the crypto amplitude continued afore the tweet. There were speculations that Elon Musk was Satoshi Nakamoto, the architect of bitcoin. But annihilation has appear of these rumors back then.
Musk continues to be a able apostle for cryptocurrencies, and now Ethereum joins the account of cryptos that he has advocated for.
Ethereum Price Recovery
Following the conference, the amount of ethereum has apparent a baby downturn. But there are debris of the amount billow as the agenda asset continues to barter aloft $1,900. Ethereum had been disturbing in the bazaar due to massive sell-offs and FUDs biting the crypto market. Musk’s comments assume to accept accustomed the agenda asset the addition it bare to get out of the rut it had been bent in.
Related Reading | Ethereum Founder Gets Involved In Documentary About Ethereum
Elon Musk’s accessible abutment for the asset comes at a acute time. As ethereum has apparent abbreviating drive alongside the beyond crypto market. The SpaceX and Tesla CEO did not acknowledge how abundant of the agenda asset he currently owns. But accustomed the consequence of the net worth, it is no amplitude to anticipate that it is a cogent volume.
The amount of ethereum is up 4.41% in the aftermost 24 hours as at the time of this writing. Currently trading at $2024, with a bazaar cap of $231 billion.
