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Author: Admin | 2025-04-28
Bitcoin Bitcoin and cryptocurrencies have surged higher, boosted by fears swirling over out-of-control government spending and former U.S. president Donald Trump's crypto bombshell.Unlock over $3,000 in perks including unparalleled access to a community of top Web3 entrepreneurs, creators, and investors, providing you with premium networking, priority access to global events, Free access to Forbes.com and our Forbes CryptoAsset & Blockchain Advisor newsletter. Apply now!The bitcoin price has come within touching distance of $70,000 per bitcoin, putting it just marginally behind its all-time high of $73,000 it reached earlier this year on the back of BlackRock's bitcoin and crypto Wall Street revolution.Now, as one legendary billionaire investor predicts a market "melt up," Tesla chief executive Elon Musk has called crypto "interesting and probably valuable."Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull runForbesA Fed ‘Nightmare’ Is Predicted To Spark A Bitcoin Price ‘Tipping Point’Tesla CEO Elon Musk has said he considers cryptocurrency to be a "valuable" and "interesting" ... [+] technology, pushing the bitcoin price toward $70,000 per bitcoin.AFP/Getty Images"I think cryptocurrency is an interesting and probably valuable bulwark against centralized control," Musk said, speaking at a campaign rally for former U.S. president Donald Trump in Pittsburgh when asked by an attendee whether the cryptocurrency XRP XRP could be incorporated into the financial system."Crypto by its very nature helps with individual freedom," Musk said, adding he wasn't endorsing XRP or any other specific cryptocurrency.Musk later said he "wasn't actively involved in crypto," dodging a question about whether blockchains, the technology that underpins bitcoin and other cryptocurrencies, could be used in future elections to reduce or eliminate voter fraud.Musk was a key driver of the Covid-era bitcoin and crypto market boom, posting regularly about bitcoin and crypto but has more recently directed his attention toward criticism of the U.S. spending, repeatedly warning the U.S. is hurtling toward the brink of "bankruptcy."Musk has agreed to lead a so-called Department of Government Efficiency that has been suggested by Trump,
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