Musk eventually found himself within the bitcoin conversation and Tesla played a vital role in price action throughout the spring.
The amount of BTC bought by Tesla and used to purchase its vehicles was relatively small compared to daily trading volume on the nearly $1 trillion asset, yet it controlled the narrative in the market for months.
Has the market grown stronger or are participants simply sick of hearing from him? Perhaps the billionaire wore out his welcome or perhaps the market became more rational.
Therefore, when a star like pro basketball’s Steph Curry purchased an NFT from the popular Bored Ape Yacht Club collection, the average sales price for this line of virtual tchotchkes nearly doubled in the following months.
While crypto natives are still very fond of the occasional meme coin , blockchain technology has showcased its potential and attracted real investors and billions of dollars in institutional capital.
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