Simply days after Elon Musk added #bitcoin to his Twitter bio, a transfer that induced the value of the cryptocurrency to briefly surge round 20% on Friday, the Tesla boss confirmed that he’s a supporter of bitcoin.
“I do at this level assume bitcoin is an efficient factor, and I’m a supporter of bitcoin,” Musk mentioned when requested about his ideas on cryptocurrencies throughout a live-streamed interview on the popular audio chat app Club House on Sunday. “Many buddies of mine have tried to persuade me to get entangled in bitcoin for a very long time.”
Musk added. “I feel bitcoin is actually on the verge of getting broad acceptance by typical finance individuals.”
Musk defined that one good friend supplied him a slice of “bitcoin cake” in 2013.
“I imply I clearly ought to have not less than purchased some bitcoin eight years in the past,” Musk mentioned, noting he has been late to the celebration on bitcoin.
The worth of the cryptocurrency traded above the $33,000 stage on Monday night after hitting an all-time excessive of $42,000 originally of 2021.
To Musk’s level, massive establishments together with Mass Mutual and PayPal not too long ago disclosed acceptance of the digital forex.
When requested about different types of cryptocurrency, Musk admitted that he would not have any “robust opinion.” Nonetheless, the billionaire has beforehand tweeted about Dogecoin, together with a 2019 tweet wherein he referred to it as his “fav cryptocurrency.”
“Often I make jokes about dogecoin however they’re actually simply meant to be jokes. “Dogecoin was made as a joke to make enjoyable of cryptocurrencies,” Musk mentioned. “However destiny loves irony. Essentially the most entertaining final result and probably the most ironic final result could be that dogecoin turns into the forex of Earth sooner or later.”