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Grayscale CEO on Elon Musk's tweet rattling crypto markets




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Bitcoin sank as low as $42,000 Monday morning before making a slight rebound. A weekend tweet from Tesla CEO Elon Musk may have been behind the drop. The tweet led some to believe Tesla had sold its bitcoin holdings, but early Monday morning, Musk tweeted, “To clarify speculation, Tesla has not sold any Bitcoin.” Grayscale CEO Michael Sonnenshein joined “Squawk Box” on Monday to discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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Vídeo

28 Comentários

  1. Elon told the truth. A very common mistake is to compare Bitcoin's energy consumption with that of traditional financial companies'. A more meaningful comparison is to compare Bitcoin with other greener coins such as Cardano (ADA) or Solana (SOL). Also, Bitcoin is not digital gold. In the physical world, it's hard to find something to replace gold. Not the case in the digital world. The only reason people hodl Bitcoins is to make money. As soon as they realize that there are much better coins in terms of technology, DeFi use case, and cheaper to transact, they will switch. Bitcoin will die in long term unless it can be greatly improved.

  2. Even îf thé last yëar was a bit bad fôr evêryone due to the pândemic whën it comes to trãdìing and máking môney onlìne . Hówëver , the cryptôcurrency mârket has been genërálly bullìsh ôf lately, môstly as bìtcoin is müch profìtable ât the mômënt whèn ìt comes to dây trâdiíng fôr me î hâvê beēn trádìing with sîgnáls provìded by a prö trâadēr knôwn âs Dâniel Wrìght whöse guîdance hâs dône mê goód so fár . Durìng my fírst mônth òf trádiìng wìth hís siîgnáls , I wás ablé tö accumûláte and gröw my bìtcoin frôm 1.1btc to 4.3btc whîch yôu wîll agr3e is â vèry goôd prófit . I wìll advîce anyône whô is wílling to grôw a véry strông pôrtfolio tô mâke ûse ôf Dâniel's daìly sígnals . Hé cân bè rëãch vìa Wh.ãts'Ap.p : (+ 1 786 527 2947. ánd Të.légrá.m @ Daníelwrightfx.

  3. It really is disgusting that we emit so much carbon to create virtual tokens that do nothing for society.

  4. SAFEMOON I'd rather risk a few hundred $$$ in this then be sitting in my bank making nothing its a new idea n the 10% charge with 5 % going to holders is a great idea stop the wild selling etc I think this is going to be very popular once people realise its worth having in there small portfolio by holding doesn't matter when you get in.

  5. Banks, hedgies and other institutions have been buying the dips if you look at coinbase buy/sell ratio. Most coins have low buy and high sell ratios. But prices have not dropped significantly, meaning buy orders were much larger in dollar amount than that of sell orders

  6. People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in cryptocurrency

  7. Market manipulators (like that boy from Tesla) go to extreme lengths to inflate inferior assets so they can amass superior ones.

    Who here really thinks it is a mere coincidence that DOGE, a jokecoin with over 20% of its supply belonging to a single wallet now has the enthusiastic support of these billionaires?

  8. Nothing that elon says should matter it's just people r stupid and dumb that's all it is people r idiots

  9. Elon Musk is a fraud. He makes his money off of government subsidies.
    He's going to end up in jail for money laundering one day.

  10. Invest in Bitcoin with the right trader
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  11. Asking grayscale ceo how low the BTC price can go. Lmao you're never going to get an honest answer.

  12. Hey maybe ask that grayscale AHOLE why they don't reduce the 2% management fee while they are screwing investors with a negative premium. CNBC is useless.

  13. There's no doubt in my mind that we are not only going bull, but BTCis going nuclear. A lot of people are wondering if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making prof!ts should be the way of life, even experienced traders are in a doubt to take long or short position. I have been more skillful than lucky to be honest also thanks to Daniel wright who trained me as my initial investment was multiplied so much In two months. After getting in touch with Daniel wright an exp:ert in cryptography, who showed me how to use his program to make transactions and got 7 btc in 2 moths with him. if you are looking for a way to increase your portfolio or investment. Daniel TєIєɠramm; ( @danielwrightfx..

  14. The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich

  15. Pure coincidence – The technical analysis 2-3 weeks ago showed a correction or dump this week anyway.

  16. This shows that fake coin is not a viable currency. When a moron can tweet and it starts "rattling the market"….

  17. 39 or I’m not touching it. 39 and a sell order at 32 to limit downside.

  18. Musk has done Bitcoin a great service by showing them that since he was invited for dinner, the folks who pull the strings at Bitcoin had better get their act together and conquer the energy conundrum, because Elon Musk cannot stay in the game if Bitcoin's energy needs don't come back down to respectable levels. If the Bitcoin generals really want to have Musk running their battalians, they would also do themselves a great favor and get transaction times up in the thousands per second. Right now Bitcoin can only do 5 to 7 transactions per second and we are a planet of bientot 9 billion souls. Boys and girls, Musk has set the bar where Bitcoin has got to go whether you like it or not. My advice? Do what he says because with Musk on your side Bitcoin will continue to prosper.

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