Opinions of Bitcoin Advocates (Cathie Wood, Elon Musk & Jack Dorsey)

Bitcoin price fell below $30,000 this week on Monday and this also led to a drop to Ethereum price which showed a coupling trend.

Blue: Ethereum Price / Grey: Bitcoin Price

However, both Bitcoin and Ethereum prices bounced back yesterday (21 July) as Bitcoin Advocates showed their supporting views on cryptocurrencies at The B Word Conference.

Elon Musk says that it is possible for Tesla to re-accept Bitcoin as one of the payment methods and this comment has then shown influence on both Bitcoin and Ethereum prices and was up to about 8% on Bitcoin and 12% on Ethereum.

Cathie Wood says that it is still an opportunity to buy Bitcoin at a low price despite there is a global regulatory tightening.

Though Jack Dorsey continues to raise environmental pollution issues with cryptocurrencies, he claims that Bitcoin is still an attractive investment.

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