Elon Musk’s capability to change markets and international organizations through the power of a tweet has, at the moment, become a legend.
On October. 31, Tesla ( (TSLA) The Tesla (TSLA) Get Tesla Inc Report) and SpaceX businessman challenge the World Food Program’s claim that 2percent of Musk’s wealth which is roughly six billion dollars — can help solve the world’s hunger completely.
Moving one more step, the CEO pledged to dispose of all his Tesla shares if they were proven to be wrong. He began selling a small portion of 170 million shares he held within the next couple of months.
The following day, UN food program director David Beasley responded with a hyperlink to a 1000-word overview detailing the ways in which $6.6 billion could be used to provide food over 40 million individuals in 43 countries that are facing food insecurity.
“This crisis of hunger is urgent, unpredictably and avoidable,” Beasley wrote in the tweet, which included Musk.
The debate was closely watched by Twitter users who weighed on whether billionaires like Musk should do more to combat the world’s hunger.
Popular self-help expert Tony Robbins wrote that, instead of making vague assertions about how millionaires can help everyone should realize that the global burden as “all of our the responsibility of each of us”
However, as many others have said, people who have a net worth of the hundreds of billions of dollars have more responsibility to solve global issues. This is due to the fact that their wealth is usually tied to materials or labor in the nations that are experiencing these crisis.
The discussion shifted to the taxation of billionaires and the way that Musk’s reticence in removing Tesla ( (TSLA) Shares – Get Tesla Inc Report) shares shows that he is able to readily part with the cash required to tackle global issues in the event of being motivated or seeking to demonstrate that something is true.
“We are living in a time where you could be able to lose $50 billion within two days, but still be $83 billion richer than the second highest-income person on the planet,” California House of Representatives member Ro Khanna posted via his twitter account. “We require the creation of a wealth tax.”
The “Buffy The Vampire Slayer” actor Charisma Carpenter has written that the cash Musk invests in space exploration and space tourism could be put towards the less glamorous problem of hunger in the world.
“Rather rather than hiring brilliant teams to be rocketman Why not employ teams of genius minds to come up with the best way to end hunger around the world … yourself?” Carpenter posted himself on Twitter this Tuesday.
Perhaps the debate about the amount of billions needed in order to lift people from hunger has started to cause a stir on Twitter.
“You are aware, Elon Musk, 5 billion people may not be enough to end the world’s hunger problem, but it certainly could be a huge help!” Florence Eaise wrote on Twitter.
![Bitcoin was essentially flat in the past 24 hours which suggests that the enthusiasm of investors for this upgrade to the Bitcoin Blockchain's Taproot upgrade is beginning to slow down. In October, analysts had suggested that the upgrade could have already been priced into, given the BTC's nearly 40 percent rise over the past couple of months. It is yet to be determined if buyers will keep trying to build up BTC hoping for the long-term benefits. GlobalBlock wrote in the email that he sent CoinDesk. In the near term the technical indicators indicate a slowing of the upward momentum of BTC. This suggests that the current downtrend could last to Asian market hours but only to the $57,000-$60,000 resistance zone. The most recent prices Bitcoin (BTC): 63,867.78, -0.55% Ether (ETH): 4,574.09, +0.33% S&P 500: 4,682.80, -0% Gold: 1,863.06, -0.12% 10-year Treasury yield was at 1.623 percent Bitcoin remains in a strong uptrend There are signs that bitcoin's price may continue to rise like the fourth-quarter bull run that began in 2020. The chart below illustrates an example of the Mayer Multiple, a simple oscillator that gauges the difference between the price of BTC as well as its moving average of 200 days. The oscillator remains far from the extreme levels we saw earlier in the year, suggesting the possibility of BTC to move higher. Many analysts mention the increased transactions made by Bitcoin whales (large holders) as an indication of increasing investor demand. "It's the largest [movement] I've ever seen since 2017 excluding outliers," Ki Young Ju the CEO of CryptoQuant published in an article on his blog. The amount of transactions made by big holders is still high over the last couple of months, according to Blockchain data collected by CryptoQuant. Crypto funds see fewer inflows The amount of cryptocurrency inflows into funds slowed down from the fourth consecutive week, dropping to $174 million the week before according to a report by CoinShares. This is far from the $1.5 billion of flows that occurred in the last few weeks when the first exchange-traded funds that were that were backed with bitcoin-related futures contracts were launched on the U.S. The funds focusing on bitcoin which is the most popular cryptocurrency in terms of market capitalization, increased by $98 million which is which is up from $95 million in the previous week and increasing the assets under management (AUM) to record $56 billion. bitcoin's dominance over other currency (altcoins) has diminished in the last week. While alternative digital assets seemed to show declining the interest of investors. Altcoin roundup DEX aggregator ParaSwap announces the launch of its PSP token A decentralized exchange, provider ParaSwap is announcing the introduction of their PSP governance token as CoinDesk's Andrew Thurman reported. The token is now available to a small number of eligible Ethereum addresses. It allows users to participate in liquidity pools for rewards from the platform. It also permits the participation of ParaSwap's newly created governance system that is decentralized and autonomous. The DEX aggregater has been known to be averse to tokenizing for a long time, stating this month, that they were "not planning" an airdrop. Solana launches Bloomberg Terminal with Galaxy-backed index: Bloomberg LP and Galaxy Digital have launched the Solana index, which makes SOL the third cryptocurrency index that has a separate price tracker built by the duo following BTC and ETH as the CoinDesk's Danny Nelson reported. The launch has led to increased the demand for SOL that has increased more than 11,700% over the past year as per Messari. Bloomberg as well as Galaxy have issued five crypto indexes in the first year of their partnership. The introduction of The Filecoin Virtual Machine Storage of data marketplace, protocol , and cryptocurrency Filecoin has launched it's Filecoin Virtual Machine which it revealed in the blog post of this week. The machine, capable of working to Ethereum, "aims to be a polyglot VM, drawing inspiration from the concept of Hypervisors to establish a multi-VM design," the blog post stated. With the release of the machine Filecoin hopes to transform the decentralized storage system.](https://mediaflayer.com/wp-content/uploads/2021/11/Analysts-See-Bitcoin-as-Still-in-‘Bullish-Phase-Despite-Pullbacks-150x150.jpg)
