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Elon Musk: Bitcoin Will Survive The Crypto Winter

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Shawn Amick

Elon Musk, the newly appointed CEO of Twitter, said “BTC will make it, but might be a long winter,” on Twitter early Monday morning.

The comment follows recent cataclysmic events which led to an implosion of the cryptocurrency ecosystem. However, this “crypto winter”, as it’s often referred to, has been slowly getting worse amid both institutional failure in the ecosystem and changes in global financial conditions.

Musk’s reply was made in reference to a comment recounting BTC’s previous high of $69,000 which asked where the price of bitcoin might be a year from now. Indeed, the price of BTC has drastically fallen, as has trust in the broader industry.





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