Elon Musk: “I’m a Bitcoin supporter”

Elon Musk: “I’m a Bitcoin supporter”

Crypto News
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Tesla Inc. will be added to the S&P 500 Index in one shot on Dec. 21, a move that will ripple through the entire market as money managers adjust their portfolios to make room for shares of the $538 billion company.

Tesla and SpaceX CEO Elon Musk expressed the opinion that “bitcoin is a good thing” and should get public attention. He also described himself as a BTC supporter.

“Now I think bitcoin is a good thing. I don’t have a definite opinion about other cryptocurrencies,” Musk said during a chat at Clubhouse.

He also said that many friends in the past urged him to buy bitcoin, but he was “late to the party.” Musk thinks he should have bought BTC in 2013 when one of his friends told him about cryptocurrency:

“I’m a bitcoin supporter. I was late to the party, but I am a supporter. I think that bitcoin really is on the verge of widespread acceptance by participants in the traditional financial market. “

Musk also spoke about his attitude towards the Dogecoin cryptocurrency, which he wrote about on Twitter earlier. In December, Musk’s tweets triggered a 30% rise in Dogecoin. The billionaire stated that he “sometimes” jokes about Dogecoin:

“These notes should be taken as jokes. You know Dogecoin was created as a joke to make fun of cryptocurrencies. But fate loves irony, and I would say that the most interesting and most ironic outcome will be that Dogecoin will become the currency of the Earth in the future. “

Recall that last Friday, Musk “dispersed” Bitcoin to $ 37,000 with a mention on Twitter. He changed his profile description to one word: bitcoin. At the same time, he posted a tweet with the text “it was inevitable” regarding bitcoin, which caused an influx of retail investors into the cryptocurrency industry.

Against this background, the Binance cryptocurrency exchange temporarily suspended the withdrawal of cryptoassets due to an increase in the volume of applications from new users.


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