Named “Time” representative of the year! Musk: Bitcoin is not a currency converter.

Tesla CEO Elon Musk was named Time Magazine's 2021 representative for the first time this week. Musk noted that while Bitcoin isn't a viable alternative to currency trading, Dogecoin could be another viable option. It introduces the investment notion that while Bitcoin is not a viable alternative to currency trading, Dogecoin is.

Musk also invests in Dogecoin, Bitcoin, and Ether, but believes Dogecoin is the best cryptocurrency on the market. Musk, who was named Time Magazine's People of the Year for 2021, said: “Actually, Bitcoin is not a good alternative for trading. It's necessary for the market, even said there was early jokes with Dogecoin. "

Musk, who was named Time Magazine's People of the Year for 2021, said: “Actually, Bitcoin is not a good alternative for trading. It's necessary for the market, even said there was early jokes with Dogecoin. "

Looking at different markets, Bitcoin fell 8.4% from the 13th to $ 45,773, below the 200-day moving average. Bitcoin's decline to all-time highs continued into its fifth week. Bloomberg Galaxy cryptocurrencies fell 6.3% to their lowest level since October, while some now popular cryptocurrencies such as Solana, Cardano and Polkadot fell further.

The price of Dogecoin in the Asian market fell 4.47% to $ 0.157,433 today.

Marc Chandler, CFO of Bannockburn Global Forex, said, “The statement that trading will be easier because the market has not yet risen. Serious damage. Other negative elements, such as rate protection coverage, are rogue and bogus.

In addition, according to data from the blockchain website, as of the morning of the start of this week, 90% of the total 21 million bitcoins have been mined, the rest required was mined in February 2140. Until then, the miners can continue to mine and earn bitcoins.

Musk has clearly seen the benefits of cryptocurrencies, but doesn't think cryptocurrencies can replace fiat currencies. “I don't hate fiat money like a lot of people in the money industry,” he said.

Musk, the richest man in the world, recently asked Tesla robots how to solve the problem at work, and when asked about the issue of infertility, he said, “I think l one of the biggest risks for success is infertility. And the pregnancy is on the decline. so quickly many scientists think the world is full of people and "Population growth has no control, but I think it is inconsistent, more children, no prosperity. Remember my words."

As part of Musk's recent growth of the spacecraft, European Space Agency director Josef Aschbacher has called on European leaders not to back Musk's ambitions to control the new industrial zone.

He said European countries were planning to support the rapid expansion of Musk's Starlink satellite network services, which could prevent European companies from competing for space, and that there was no competition involved, Musk will "break the law" in place. it can be "created

In an interview with the Financial Times (FT), Aschbach said, “The world is getting more rigid in multiple bands and orbital positions. The European government gives suppliers a level playing field. beneficial to you. Must be able to do this. "

He says Musk's Starlink is too big for managers or candidates. It is not fast enough. "

According to the Financial Times (FT), Germany recently applied to the International Telecommunication Union (ITC) for spectrum approval for Starlink's 40,000 satellites, and Musk has received approval for more than 30,000 satellites. US regulators. Ashbach's concerns were also shared by Franz Fayot, Luxembourg's Minister of the Economy, who felt that new regulations were needed to ensure the security of the area.