The cryptocurrency market is trying to find direction in an uncertainty. However, there is no indication that there are sunny days ahead. In fact, there are predictions that more pain awaits the markets. Elon Musk, a fan of the popular meme coin Dogecoin (DOGE), says the recession could last until 2024.
How long will the impending global recession last?
Tesla boss Elon Musk suggests that the global recession will last until spring 2024. Musk recently responded to a post from Dogecoin (DOGE) creator Billy Markus. Markus pointed out how low the number of Covid-19 cases is in his related tweet. He also underlined that the only thing to worry about from now on is the “imminent global recession and nuclear apocalypse”.
oh wow! The number of coronavirus cases is actually quite low. I guess all we have to worry about right now is the impending global recession and nuclear apocalypse.
oh wow coronavirus numbers are actually pretty low
i guess all we have to worry about now is the impending global recession and nuclear apocalypse
— Shibetoshi Nakamoto (@BillyM2k) October 21, 2022
Elon Musk was quick to respond to this tweet. In Markus’ tweet, Musk said it would be nice to have a year without a terrible global event.
It sure would be nice to have one year without a horrible global event
— Elon Musk (@elonmusk) October 21, 2022
Seeing Elon Musk’s response, a Twitter user named ‘Tesla Owners Silicon Valley’ asked how long he thought the global recession would last. Elon Musk answered the question that it is possible to last until spring 2024.
Just guessing, but probably until spring of ‘24
— Elon Musk (@elonmusk) October 21, 2022
What does Elon Musk think about World War 3?
In the same Twitter thread, another follower asked the famous billionaire about the possibility of World War III. Elon Musk said that the probability of another World War is low. But he added that this is the closest we’ve been since the 1962 Cuban Missile Crisis.
Still very unlikely, but this is the closest we’ve been since Cuba in ‘62
— Elon Musk (@elonmusk) October 21, 2022
cryptocoin.com As you follow, Elon Musk is one of the most powerful influencers in the world. His tweets have often had a huge impact on the markets, especially on the price of Dogecoin, which Musk says is his favorite crypto project. Musk said he likes that the project doesn’t take itself seriously and likes the irony that a cryptocurrency created as a joke could become a global currency.
Meanwhile, Musk opened the doors of Tesla merchandise to DOGE payments. In addition, users have DOGE payment options for Tesla supercharging stations. Also, Tesla is one of the biggest holders of the original cryptocurrency Bitcoin (BTC). Not only that, some fans even claim that Musk is the real Satoshi Nakamoto. In fact, Sahil Gupta even made some startling comparisons between the two figures, revealing the similarities.
