Amid fear, uncertainty, and doubt surrounding the future of cryptocurrency due to various events that have happened this year, Elon Musk has shared his thoughts regarding the future of Bitcoin in a recent tweet.
On November 14, the CEO of Tesla and SpaceX as well as the new Twitter owner responded to a question about what will become of Bitcoin in the future and according to Musk, “Bitcoin will make it, but might be a long winter.”
The comment came as a response to a tweet by a Twitter user who tweeted about Bitcoin that this time in 2021, Bitcoin was at a $69k all-time high and now it’s around $16k and asked what will become of Bitcoin in another year.
In the finance space, the word “winter” is used to describe a long period where market prices continue to plunge, therefore, Musk is of course saying the continued drop in prices of Bitcoin will take a long time.
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