The other day on Twitter, the businessman responded to a question from U.S. investor Jason Kalakanis about the prospects of the first cryptocurrency:
"Bitcoin will survive, but it could be a long winter."
According to the largest cryptocurrency exchange Binance at 19:40 Moscow time, BTC was at $16,449.
Another of the billionaire's recent statements: "DOGE to the mooooon."
But Elon Musk isn't the only one who believes in the future of BTC and DOGE
Last week, Digital Transformation Association board chairman Yuri Myshinsky suggested a new cycle of bitcoin appreciation that could start early in the new year.
Changpeng Zhao, the founder of Binance, believes that the cryptocurrency market has been hit by a severe crisis, which could cause some companies to close.
Earlier Bloomberg wrote about the bankruptcy of cryptocurrency exchange FTX.