With the current retracing done by Bitcoin, many are speculating that Elon Musk can be one of the many reasons why we are seeing the dump of the coin. According to them, Elon must have made a good profit because he sold his BTC at the height of its price and then rebought the same when there is a big dip.

Now, to answer the question, Elon Musk is saying that he has not sold his Bitcoin and he is HODLING for a long time which is an affirmation of his continuing belief on Bitcoin - and maybe Dogecoin as well.

No, he is not selling. Period.

"Tesla may have realized some of its Bitcoin profits, but CEO Elon Musk continues to hodl. Billionaire entrepreneur Elon Musk has taken to Twitter to assure the crypto community that he has not sold any of his personal BTC stash, despite his company Tesla realizing profits from its recent Bitcoin buys.

Musk’s comments came in response to accusations from comedian Dave Portnoy that the Tesla CEO had profited from a Bitcoin pump and dump engineered through his public statements supporting the cryptocurrency.

Rejecting Portnoy’s assertion, Musk stated that “Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet,” adding: “I have not sold any of my Bitcoin.”

Source: https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk

Do you think Elon Musk is telling us the truth, the whole truth and nothing but the truth?

TIME magazine has partnered up with Grayscale to drop a series of educational crypto videos, and has agreed to be paid in Bitcoin.

Institutional fund manager Grayscale has partnered with acclaimed New York-based magazine TIME to produce an educational video series on the subject of crypto assets.

The partnership was announced on April by Grayscale’s CEO, Michael Sonnenshein, with Sonnenshein revealing that TIME and its president, Keith Grossman, will receive payment in Bitcoin.

Further, TIME does not intend to convert the Bitcoin it receives through the deal into fiat, and will hold the crypto asset on its balance sheet. No further details of the partnership have been revealed so far.


More here: https://cointelegraph.com/news/bitcoin-s-time-has-come-time-magazine-to-hold-btc-on-balance-sheet

Well, this is amazing news. With time entering the Bitcoin party, am sure that this can mean that this newsmagazine platform will really be watching not just Bitcoin but the whole cryptocurrency marketplace.

Talking about institutional adoption, this is a  big example. Indeed, the TIME has come. And it is here to stay!

Days before the official listing of Coinbase, they announced a support for the following digital assets: 1inch (1INCH), Enjin Coin (ENJ), NKN (NKN) and Origin Token (OGN). Right now, we can feel the impact of this new listing on prices of those coins and this is quite expected since Coinbase is the leader when it comes to the big USA market.

I am sure that it is now a big dream for many other coins and tokens to get listed and supported by Coinbase. I just realized that actually Coinbase is now supporting a good list of many other assets as well. Here is the list:

https://help.coinbase.com/en/coinbase/getting-started/getting-started-with-coinbase/supported-cryptocurrencies

Do you own some of these coins and tokens?

Meerkat Finance, a decentralized finance project, has just said it has been drained by $31 million worth-of crypto assets due to a hack. But on-chain data shows it may not as simple as that.

The team behind Meerkat Finance, a yield farming pool running on the Binance Smart Chain that went live just one day ago, claimed in its official Telegram channel around 9:00 UTC on Thursday that its smart contract vault was compromised.

The project was subsequently drained by about 13 million BUSD and about 73,000 BNB, which in total are now worth $31 million. The funds were further transferred to multiple new blockchain addresses.

Source: TheBlockCrypto

This is another unfortunate incident and confirms what we know that there are some projects are just using the popularity of DeFi, so they can scam people and be rich out of the blood and sweat of innocent victims. This is another reason why we should be careful on a project we are supporting and make sure that the people behind them can be trusted and has a good level of integrity and professionalism.

I just made a mistake of listening to the opinions of ordinary guys like you and me and this is now costing me money. I converted my holdings to USDT thinking that the dip can go deeper. Alas, the day after I saw that the market made a strong recovery, and it is now back to its former prices. This is clearly a big definition of "weak hands" and I am suffering the consequences of making a wrong choice.

A big lesson that we should be learning here in the world of cryptocurrency...better listen to people that has consistent records of spewing out good advices and not people who are just expressing their own baseless opinions.

We know that lately the powerful influence of Elon Musk catapulted many coins into a very bullish state and we are still experiencing this excitement up to now, with some saying that we can be expecting the whole 2021 to be the pulsating year of cryptocurrency as more and more institutional money are getting into the party...and because the food, the music and the vibes are all excellent many are staying for good.

Elon Musk has been the man of the hour and I think there is no other current personality that is able to push cryptocurrencies to the "moon" or should I say to the Mars like him, though of course some are downplaying his contributions as he is not really behind any of these coins that we are talking about.

And that brings me to this topic: Will it be good to have Elon Musk himself introduce his own coin or token?

Days ago I sold my small Bitcoin holding at around $45K thinking that there can be a minor correction at that time. Unfortunately, my lady luck was not working and may have been poisoned by a rat so instead of a correction BTC jumped some more, and it is now over at $50L zone. Made me shake my head a thousand times. I then thought of looking for another digital asset that has the potential to grow at least double in a very short period of time. Then I decided to go for BNB at the $155 price setting...and since it is now at over $300 I am smiling and just hoping that soon it can go beyond the $500 level...

Some people are predicting that BNB has the potential to go for the $1000 goal at the right time...now though I really doubting that am hoping that it can happen. What do you think?

Wow, just after I am convinced that Bitcoin is having a very hard time to get past the important and psychological level of $40,000 and maybe BTC resting at around $37-38K, came the news that Tesla is planning to join the Bitcoin party by soon accepting the said cryptocurrency and that it just purchased $1.5 billion in BTC days ago. That very good news pushed the BTC above $40K and is now hovering in the vicinity of $46K -- looking at ways it can get into $50K soon.

Maybe if the rumored news that Apple is also planning to get into the Bitcoin thing can come true than we can see Bitcoin going beyond the $50K...so much good news happening here and this can be creating some sort of an avalanche for other big corporate entities to also make their presence known by buying Bitcoin and hitting the news at the same time. Well, that can be free advertising in the first place and possibly great profits just using one stone.