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Bitcoin price prediction: Will Bitcoin Crash if Apple adds cryptocurrency services? Talking Crypto Craze with Neil Cavuto on Fox Business ★ Register Your Seat (Free Training Today):
I’m a huge Elon Musk fan and in my family, we all drive a Tesla but I found something a bit fishy with Elon Musk’s move on hyping up Dogecoin and then buying Bitcoin.
Now “The Big Short” investor Michael Burry suggested Tesla bought Bitcoin to distract from regulatory issues in China.
And because of all the hype that is going on in the markets including that of Dogecoin, Gamestop, and other assets, we could take this as an indication that we are in a bubble and we could see another pullback in the markets.
I’m not saying this to be a fear monger, but it’s just a natural cycle of the market; what goes up in a very short amount of time, must come back down… and that could in fact be an amazing buying opportunity as long as you know why you’re investing in a specific asset and are going into it long term.
If Apple announces that it’s getting into crypto and offer a buying and selling mechanism for cryptocurrencies, it will only add to the hype, which will temporarily push Apple stock and Bitcoin prices higher up before the bubble inevitably bursts.
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Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don’t invest money you can’t afford to lose. There are no guarantees or certainties in trading or investing.
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