Today we see a red ocean in the crypto market with a decline of almost $ 11,000 in 24 hours. Other cryptocurrencies also followed the fall trend of Bitcoin making the market capitalization of cryptocurrencies fall by more than $ 260 billion.
Microsoft founder Bill Gates has warned small investors to be wary of sharks, let alone if the world's second-richest people have plunged into the crypto market.
Microsoft founder Bill Gates has warned potential Bitcoin buyers for those following Elon Musk's investment strategy. In an interview with Bloomberg, Gates said that Elon Musk has access to sophisticated investment techniques unknown to investors. Gates also feels that Elon Musk is likely protected from market correction due to his tweets.
Bill Gates is not bullish on Bitcoin: "If you have less money than Elon, you should probably watch out," he tells @emilychangtv https://t.co/V7fmKSw0d1 pic.twitter.com/SDVXGddATB
- Bloomberg Technology (@technology) February 23, 2021
Bill Gates said, "Elon has a lot of money and sophisticated investment techniques so I do not worry about going up or down randomly". Tesla has recently invested $ 1.5 billion and the price of bitcoin has soared to $ 58,258. But coincidentally after Musk's tweet, the price of Bitcoin has fallen by more than 10% to a low of $ 46,624.
At the time of writing, Bitcoin is trading at 47,382, down 10.86% in 24 hours. While ETH recorded a price of $ 1,532, it declined by almost 15%.
