The crypto market has been on the drowning side since early March and is currently at a 90% loss after so much devastating news, newer investors may have left the market with fear and uncertainty, and the crypto market began to see a very big fall after the terra luna scandal on the 20th of May 2022, thereafter many others, this has caused so much unsure about the future of blockchain and crypto projects at this present time.
The current price plunge of Bitcoin at $19,000 falls from its all-time high of $60,000 in 2021 but hasn’t shaken out Elon.
Elon Musk is a huge supporter of decentralization and blockchain technology, he has always believed in the future of blockchain and offers support mostly on Bitcoin and Dogecoin.
regarding the current market sentiment, people may expect Elon to give up his crypto holding just as many VCs and investors have dumped on the market but Elon Musk on his Twitter handle tweeted today on the 19th of June 2022, that he will never give up on his Dogecoin holding and also pledge to keep supporting the project.
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