Bitcoin Will Make It But There’s a Catch, Says Elon Musk

The world’s richest man has once again shared his thoughts on the primary cryptocurrency by means of total market capitalization.

Tesla’s CEO, as well as Twitter’s new owner, reiterated his stance that Bitcoin will make it.

• Bitcoin will make it, but it might be a long winter. That’s what Elon Musk had to say about the primary cryptocurrency in the context of what’s going on right now.

BTC will make it, but might be a long winter

— Elon Musk (@elonmusk) November 14, 2022

•  This came as a response to the question of where BTC will be in another year, given that in November 2021, it was trading at its all-time high of $69K.
• Winter is a popular reference in the finance world, describing a prolonged period of time where market prices are depreciating.
• The latest tweet by Musk is no surprise. As CryptoPotato reported recently, he joined a discussion on Twitter with more than 60,000 listeners to talk about the FTX fallout.
• Back then, he said:

I think there probably is a future for Bitcoin, Ethereum, and DOGE. I can’t really speak to the others. But if you’ve got one of those three in a cold wallet and off an exchange, I think my guess is it works out well.