After the cost of bitcoin fell Friday following Elon Musks “separation tweet,” Alex Machinsky, CEO of Celsius Network, marked down the Tesla (TSLA) CEOs role in cryptocurrency at the Bitcoin Conference 2021 in Miami.” Elon [Musk] is a traveler in crypto,” Mashinsky told Yahoo Finance Live. “Hes here to gather fans. I do not believe hes here to make the world a better location, and we can go to where were going with Elon or without Elon.” Bitcoins (BTC-USD) price fell almost 7 percent Friday after Musk tweeted a meme describing a separation and captioning it #Bitcoin with a heartbreak emoji.” Elon continues to tweet, the cost of Bitcoin continues to stay lower than it most likely should, which gives all of the plebs the chance to buy up inexpensive Bitcoin,” stated Pomp Investments Founder and bitcoin bull Anthony Pompliano in an interview with Yahoo Finance Live at the conference.Currently, bitcoin is down more than 40% from its record high of over $64,000 in April. Teslas relocate to cease accepting the cryptocurrency as a payment brought bitcoins value down by over 35% last month.” Im more bullish today than Ive ever been,” Pompiliano said. He cited more powerful basics, higher adoption, more deals happening, and a greater belief in bitcoin as a store of worth as factors for optimism for the cryptocurrencys future.” When you take a look at the underlying principles, forget price, bitcoin has actually never been more powerful than today,” Pompiliano said. “I do not believe individuals are really representing the basics, theyre all just looking at rate, looking at tweets, and theyre getting captured up in the psychological sentiment,” he added.” We started with retail, we then relocated and we started to get banks, then we got corporations,” Pompiliano said. “Theres one group of individuals left, and theyre coming; its the nations and reserve banks … I think this year, well see a country or a central bank come out and go on and state, look, weve chosen to either purchase it, put it in their reserves, and so on” Story continuesIhsaan Fanusie is an author at Yahoo Finance. Follow him on Twitter @IFanusie. More from Ihsaan: Vaccine self-confidence has gone up considerably in neighborhoods of color: DoctorConnecticut to offer a $1,000 perk for people returning to job market COVID piggy banks fuel millennial house purchasing surge: CJ Dalton presidentLower global mobility will continue to weigh down global economy: BarclaysRead the newest monetary and business news from Yahoo FinanceFollow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit

After the rate of bitcoin fell Friday following Elon Musks “breakup tweet,” Alex Machinsky, CEO of Celsius Network, discounted the Tesla (TSLA) CEOs role in cryptocurrency at the Bitcoin Conference 2021 in Miami.” Elon continues to tweet, the rate of Bitcoin continues to remain lower than it most likely should, which gives all of the plebs the chance to buy up inexpensive Bitcoin,” said Pomp Investments Founder and bitcoin bull Anthony Pompliano in an interview with Yahoo Finance Live at the conference.Currently, bitcoin is down more than 40% from its record high of over $64,000 in April.” When you look at the underlying basics, forget cost, bitcoin has never ever been more powerful than today,” Pompiliano stated.