- Elon Musk is a fan of Bitcoin
- He has tweeted rather a lot concerning the cryptocurrency
- Bitcoin reached as excessive as $42,000 this month
Elon Musk, the CEO of Tesla and SpaceX, has mentioned he is not going to flip down a suggestion to receives a commission in Bitcoin sooner or later.
Musk was replying to a tweet by Ben Mezrich, creator of “The Social Community” and “Bitcoin Billionaires.” Mezrich mentioned if he receives a suggestion to receives a commission in Bitcoin sooner or later, he is not going to refuse it. “Me neither,” the billionaire, who’s now the richest person on the planet, replied.
Musk is a fan of Bitcoin and has regularly joined in conversations about cryptocurrencies on Twitter. He can also move the markets. In December, when he tweeted about Dogecoin, a preferred cryptocurrency, its worth soared instantly. This occurred a number of occasions previously years. At one level, he even modified his Twitter bio to “Former CEO of Dogecoin.”
Bitcoin reached as excessive as $42,000 in a rally that started from $3,800 in March final 12 months. In 2020, a wave of institutional buyers, together with MassMutual and Guggenheim Investments, have began investing in Bitcoin. PayPal is now permitting its prospects to purchase and promote cryptocurrencies whereas billion-dollar corporations MicroStrategy and Sq. have allotted a portion of their funds to Bitcoin.
Musk posted a cryptic tweet final month implying that he was tempted to purchase Bitcoin, which despatched the benchmark cryptocurrency’s worth rising. On the time, MicroStrategy’s CEO Michael Saylor replied that Musk ought to do his buyers a “$100 billion favor” by changing Tesla’s stability sheet into Bitcoin. Musk requested Saylor if such “massive transactions” have been attainable.
Musk’s dialog with Mezrich didn’t finish with Bitcoin. When Mezrich requested him if he is desirous about a e-book deal, the Tesla CEO replied that he had no time to write down a e-book. Mezrich didn’t drop the subject there. He requested Musk to provide him an opportunity to write down a e-book on him.