Why Will Elon Musk Drag Bitcoin From the Red Sea: A Good Chance to Profit

Bitcoin and cryptocurrency prices have been under great pressure through most of 2022, with the bitcoin price losing almost 20% so far this year. However, from March 13 to 14, the Bitcoin price suddenly surged by 4.2% in 10 hours, and Dogecoin spiked more than 9%. Elon Musk’s influence on it cannot be underestimated.

Tesla’ CEO, Elon Musk, sent shockwaves through the crypto world when he added $1.5 billion of bitcoin to Tesla’s balance sheet last year.

On March 14 this year, Musk posted an article from the Financial Times, discussing the fact that global commodity prices are on track to see the biggest weekly rally in over 50 years as a result of the war between Russia and Ukraine. Therefore, he advised that it’s better to own “physical things” like homes and stocks, advising people not to hold dollars when inflation is high. Under these circumstances, he also outlined that he still owns and has no plans of selling his Bitcoin, Ethereum, or Dogecoin.

How to Maximize Profits in BTC Market

Not just Musk, crypto is considered to be the best safe haven during times of turmoil to the most traders. Bitcoin bull run is imminent. So, how can we earn more BTC before the bull really comes?

Bexplus, a popular cryptocurrency futures exchange, launches an interest-bearing wallet program, allowing users to earn passive income by holding Bitcoin without any risks. Regardless of whether BTC’s price is going up or down, you can enjoy up to 21% annualized interest. 

For example, suppose you store 10 BTC with an annualized interest rate of 21%, then your monthly revenue will be (10*21%/365*30)=0.173BTC. This is a good option for traders who prefer risk-free investment. 

For bold and advanced investors, Bexplus offers 100x leveraged crypto perpetual contracts trading which enables you to profit from the market volatility. Crypto perpetual contracts trading enables traders to buy/up or sell/down BTC according to the analysis and prediction on the market trend. As long as there is market volatility, there is opportunity to make profits. In addition, leverage helps traders increase buying power and profits without investing a large amount of money. 

For instance, you predict the BTC price will bounce back above $42,000, and open a 100 long position at $39,000. You will get the profit of ($42,000 – $39,000) * 100 BTC / $42,000 = 6.89 BTC. With only 1 BTC used as margin, you can enjoy the ROI of up to 689%. 

Join Bexplus now, you can enjoy 100% BTC bonus and Earn money with Top Crypto Traders

Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, ADA, DOGE, and XRP futures contracts. Headquartered in Hong Kong, Bexplus is trusted by over one million traders around the world, including the USA, Japan, Korea, and Iran. 

  • Interest-bearing Bitcoin wallet with an annualized interest rate of up to 21%.
  • Demo account with 10 BTC to practice trading without risks.
  • No KYC requirement, registration with Email within a few minutes.
  • Android and iOS App to trade anywhere anytime.
  • 7/24 hours 1V1 customer support available.
  • Fast withdrawal without any time limit, and no deposit fee.

Up to 10 BTC FREE Bonus

To deposit BTC in the Bexplus account, you can earn a 100% BTC bonus, which can also be used to trade futures contracts. The more deposits, the more bonus you will get. You can get up to 10 BTC as a bonus! (Bonuses are not withdrawable, the profit obtained with the bonus can be withdrawn.)


Get Higher Profitability with Copy Trading

Bexplus provides copy trading which means you can automatically copy other excellent traders’ trading. When using copy trading, you still retain full control over managing your portfolio.You can stop the copy, pause it, and add or remove funds at any time. What’s more, Copy trading in Bexplus is at no extra charge. 

Click here to register to get your 100% deposit bonus.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.