Elon Musk Reacts To Current State of The Economy

Elon Musk Reacts To Current State of The Economy

Elon Musk On Where The Economy Is Heading

Elon Musk, who many believe to be the best entrepreneur of our generation, was a guest on the All-In podcast, in which he discussed his roadblocks in purchasing Twitter, his early days with Tesla, his vision of becoming a two-planetary species, and of course, the topic no one can avoid the economy. With food prices soaring, gas pricing soaring, assets inflating and markets crashing, people are wondering if we are in a recession, heading for a recession, or even if an economic depression is imminent. Many analysts and pundits are suggesting all the metrics are there for a recession. Elon agreed that we are either in a recession or heading towards one, but it wasn’t all doom and gloom for Elon. He believes there is an opportunity from recession and it’s much needed, especially if the economy gets too bullish and money gets into the wrong hands.

Bitcoin is currently trading for $29,800 after trading above $30,000 for most of the past day. Stabilizing within the $27,000 to $30,000 support range has analysts looking at $35,000 as the next resistance level. Ethereum is down 13% in the past 7 days, trading at $2,040. Terra Luna has been the biggest headline in crypto for the past week, after its historic collapse. It’s still making headlines, as now, the community of Terra Luna will vote on forking the chain, a move that CEO of Binance Changpeng Zhao strongly advised against. If you want to read more about the communities vote, check out the link in the description.
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THIS INTERVIEW WAS POSTED ON MAY 16, 2022
Listen to the full unedited interview here ⬇ [Credits] 🙏
E69: Elon Musk on Twitter's bot problem, SpaceX's grand plan, Tesla stories, Giga Texas & more
https://www.youtube.com/watch?v=CnxzrX9tNoc&t=3863s
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound

🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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