Is Elon Musk bullish on Bitcoin?

It may come as a surprise to learn that Elon Musk -- a prolific crypto presence on social media -- is somewhat lukewarm on Bitcoin (BTC). To be clear, Musk does own Bitcoin, along with Ethereum (ETH), and his pet coin, Dogecoin (DOGE). But he's not as bullish about the granddaddy of cryptos as some might expect.

Will bitcoin'make it' in a year?

Now, in response to a Twitter question asking where the bitcoin price will be in a year, Tesla billionaire Elon Musk has predicted bitcoin "will make it"—but warned the bitcoin price could be in for a "long winter" and added dogecoin's eventual success "goes without saying."

What's going on with Bitcoin?

Bitcoin has plummeted since hitting an all-time high of $69,000 last November. Bitcoin was priced at $21,363 as of Wednesday morning – a steep downturn from its all-time high of $69,000 last November. Several firms, including Coinbase and Gemini, are conducting layoffs and other belt-tightening measures owing to the onset of “crypto winter.”

What is the price of bitcoin?

At the time of the disclosure, the price of bitcoin was hovering in the $30,000 to $40,000 range. Bitcoin has plummeted since hitting an all-time high of $69,000 last November. Bitcoin was priced at $21,363 as of Wednesday morning – a steep downturn from its all-time high of $69,000 last November.