When will Elon Musk's influence over the cryptomarket end? Soon..

And he did it again... Elon Musk has shown once again how much power he has over people (or rather Borregos) because by making a tweet with 2 emojis and a meme without importance, the price of bitcoin fell 5% and although it was not much because the market is already better prepared to these things and Elon does not have much importance in the panorama, he still gets what he wants because if he goes back a single percentage with one of his tweets, it means that he still has the power.

And this leads us to ask the million-dollar question: When will Elon's influence over the crypto market end?

The truth is that no one has the answer, but the chief operating officer of payment network Mercury, Greg Waisman, mentioned that we are closer to the end of that influence. As Bitcoin investors are learning to ignore what Elon says and are learning to base their decisions on the influences that matter, not just a spoiled millionaire clown.

Sounds like progress, doesn't it? Yes and no.

YES: Because people are starting to realize that no one owns bitcoin, that it is free money, and that it is not like the fiat economy that can be manipulated. Also that it is a far superior economy to the traditional one and those who own bitcoin or crypto have a lot of power in their hands since they can use the money as they want and where they want, besides being out of the reach of taxes and regulations.

In addition, many of the cryptographic or decentralized projects that are most widely managed already leave bitcoin aside or put it on the back burner. If you look at bitcoin's overall market dominance you will notice that it has been declining lately and currently stands at 41.6%, up from 52% in January.

This gives way for other cryptocurrencies with better uses to not suffer so much with the fall of bitcoin or to recover quickly from the falls. Proof of this is FIL, which although bitcoin and ether fell, FIL rather grabbed more value and remained.

NO: Because there are still many people who give in to FUD, and as long as every ridiculous tweet from musk liquidates money, it still has power. And although this time it was not much in general terms, it did liquidate close to $100 billion.

There are also the constant attacks and threats from banks against cryptocurrencies, either with the same old things that it is criminal money, that it is a fraud or that bitcoin will end.

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What does the future hold for bitcoin? It is very uncertain, but what is certain is that sooner or later the crypto economy will displace the traditional economy and although the latter will not disappear, if it will suffer a major decline motivated by the unsustainability of the system, so the dominance of cryptocurrencies in real life will grow much more than it is now.

Maybe BTC will be used like metals, diamonds, or government bonds are used now, and altcoins as different types of uses as a daily currency and the most important ones like gas to create more apps and development in the new digital world.

Very soon we will see the superiority of cryptocurrencies over fiat money, and Elon Musk will go down in history being remembered as a digital terrorist, who launched attacks against the crypto economy using tweets and all the eceptics will be forgotten forever.

So keep HODL that if real change is being achieved and we are already seeing evidence of it.

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