Quoted from sixtyfourbits:
Tinfoil hat time:
I've been telling a friend that contrary to what everyone else thinks going into this week, I'm going to bet on bitcoin (and therefor crypto as a larger whole) actually having an ok week. There's the upcoming bitcoin conference on Wednesday, which will have a group discussion featuring Jack Dorsey, Cathie Wood and Elon Musk. Tesla is set to release Q2 report next Monday. If Tesla is actually still holding most of their bitcoin (which I believe they are, as they said they were suspending taking it as a payment, not that they were selling their bag) then I also believe Elon is going to go into the bitcoin conference with a pro bitcoin attitude. They will talk about how bitcoin is going greener, dispel some myths, and possibly even announce that Tesla will accept bitcoin again, or will at least be considering it again. A boost to bitcoins value will help their Q2 report the following Monday, and therefor boost Tesla as a whole.
Its a very specific order of events, but that's why I'm calling it my tinfoil hat prediction haha.
I bought some crypto today, and I've set aside some money for later this week too if I'm wrong (which could easily be the case).
Elon just announced that he owns Bitcoin, that Tesla owns Bitcoin, and that SpaceX owns Bitcoin.
He also announced that Tesla will most likely resume accepting Bitcoin payments.