Bitcoin continues to trend down but some investors say that they are “buying the dip.” That means that they are buying when the price is low because they expect this downward trend to make a U-turn and go back up.
MySpace Tom Tweeted that he is doing just that on Monday. An investor group published a rebuttal to Elon Musk’s claim that Bitcoin has a high carbon footprint. The investors claim that the currency has “an abundant, clean energy future” because mining can easily be done on renewable resources such as solar and wind.
Meanwhile, Mark Cuban continues to promote Dogecoin. He said he owns 3,250 dogecoins and expects that it could soon be used for payments but, “like all generational technologies, it takes a generation to grow up.”