Elon Musk praises El Salvador's progress with Bitcoin, highlighting growth in BTC holdings

From Investing.com

October 29, 2024 3:30:21 pm:

Elon Musk praises El Salvador’s progress with Bitcoin as the official currency, calling it “super impressive.” President Bukele shared stats showing improvements in various areas like crime, food prices, and government spending. Musk has expressed concerns about similar issues in the US. El Salvador’s adoption of Bitcoin is also highlighted with an upward arrow indicating growth in BTC holdings.

Bitcoin surges past $71,000 as El Salvador accumulates more BTC while other entities, like Bhutan’s Royal Government, sell off holdings. Bhutan deposited 292 BTC on Binance, worth around $66.16 million. The cryptocurrency market sees fluctuations as countries and institutions make moves with their BTC assets.

Elon Musk introduces Grok AI on his X account, encouraging users to test its ability to analyze medical images like X-rays and MRIs. Musk claims the AI is already accurate and will improve further. Users report positive results with Grok analyzing blood tests, showing promise for medical image analysis.

Read more at Investing.com: Elon Musk’s Reaction Triggered by Bitcoin El Salvador President: Details By U.Today