Watch the full interview with Katherine Ross in the video below:
Elon Musk, Tesla and Bitcoin
Elon Musk went back to Twitter to discuss Tesla and Bitcoin. In response to a tweet from Cointelegraph, the Tesla CEO tweeted, “This is inaccurate. Tesla only sold ~ 10% of its holdings to confirm that BTC could easily be liquidated without moving the market. If there is confirmation of reasonable (~ 50%) clean energy usage by miners with a positive future trend, Tesla will allow Bitcoin transactions again. “
What’s wrong with Bitcoin?
“In the” Off The Charts “segment, Cramer and his colleague Tom DeMark found out about the prospects for Bitcoin and the S&P 500 index,” wrote The streets Scott Rutt in his Bad money recap.
“After a staggering decline, Bitcoin will take time to consolidate before recovering, DeMark said. He created a 13 day countdown pattern of when this change is likely to occur. He said if Bitcoin can hold above its May 19 low it will take nine more ugly sessions, which could last another three or four weeks. He found that Bitcoin’s current chart reflects the rebound from the 1987 market crash, “he continued.” As for the S&P, DeMark felt the index was running out of breath and nearing a high. He found that it only takes the S&P two up-days to complete its countdown of 13 sessions. “