Skip to main content

ELON MUSK AND JEFF BEZOS LOSE TENS OF BILLIONS IN THE CRYPTO CRASH

 In the last few weeks, the crypto market seems to know only one direction - down. Now there was a violent crypto crash, which caused the prices of many crypto currencies to collapse sharply in a short time. As a result of these fluctuations, Elon Musk and Jeff Bezos collectively lost tens of billions of dollars to cryptocurrencies and other tech assets. 


Elon Musk is considered the richest person in the world. With a fortune of around 250 billion, he was able to overtake the founder of Amazon, Jeff Bezos, a few years ago. Musk's influence continued to grow, mainly due to his affinity for technology.




The crypto market was also able to feel this influence a few months ago, when a few Twitter posts by Musk meme coins such as Dogecoin or Shiba Inu briefly experienced an enormous price boost. Jeff Bezos currently has a fortune of around $170 billion, which he achieved through his success story with Amazon.


Well, a few months after the hype surrounding meme coins, which have no real use case, there is a downward trend in many cryptocurrencies. A few days ago, an enormous amount of capital was withdrawn from the market, which is why many are talking about a crypto crash. Let's look at the market capitalization of all cryptocurrencies together, it is noticeable that the downward trend has increased enormously in the last few days.



Due to their high positions in tech stocks and cryptocurrencies, the crypto crash also hit Elon Musk and Jeff Besos hard. The Tesla founder lost about $25 billion and Besos about $20 billion. For most people, these are buzzes that many can only dream of.


In this context, if we look at the Bitcoin chart, the strong fluctuation in the largest and oldest cryptocurrency becomes clear. Within two months, the price of a bitcoin fell from 58,000 euros to 30,000 euros. Since the downward trend has been evident, the entire cryptocurrency market has also been falling. Therefore, the crypto crash could be due to a decline in Bitcoin.



Although the profits from Altcoins can be significantly higher, they also bleed more when Bitcoin as the leading currency falls. Many beginners are not aware of this connection. There could also be a bear market due to the euphoric past year. Although the price of all cryptocurrencies drops sharply in this market phase, there are always the best options for entry at this time.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily


Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more