Elon Musk Attempts to Buy Ethereum and Rename It to Xthereum
Musk Seeks to Take Over Ethereum for $100 Billion
Billionaire Elon Musk, along with a consortium of investors, has made a bold bid to acquire the Ethereum network, with plans to rebrand it as "Xthereum". According to reports, the offer is valued at $100 billion, which is less than one-third of Ethereum’s current market capitalization.
Musk argues that Ethereum is significantly overvalued, calling his proposal a "good deal" that would bring stability and a clear vision to the network.
Musk Wants Full Control Over #MarketPullback #bitcoin $BTC