- The excellent news: now you can pay Elon Musk in Bitcoin.
- Sooner or later he would possibly think about shopping for Dogecoin.
- Tesla might comply with MicroStrategy and convert its wealth to BTC, really useful…MicroStrategy’s CEO.
You understand Elon. Your mother and pop is aware of Elon. Within the final couple of days, even your grandma is aware of Elon Musk, after the Tesla/SpaceX CEO bumped Jeff Bezos to turn into World’s Richest Man.
At the moment Musk ended his ambivalence about Bitcoin in response to a tweet written yesterday by writer Ben Mezrich, well-known for the e-book The Unintentional Billionaires (tailored for movie as The Social Community), that mentioned he’s “by no means turning down getting paid in Bitcoin once more.” Musk replied: “me neither.”
One other main revelation got here to gentle from Musk’s Twitter feed. When requested if he truly owns any Dogecoin, he replied ‘No, however possibly at some point.” A stunning declare from the person whose Twitter bio as soon as described Musk because the “Former CEO of Dogecoin,” and who on December 20 tweeted, “One phrase: Doge.”
The Tesla CEO has been extraordinarily vocal about crypto not too long ago. Earlier than Christmas, he shared a racy meme about Bitcoin, saying that it was his “secure phrase.”
A couple of hours later, MicroStrategy CEO Michael Saylor jumped on the thread to proclaim his absolute faith in Bitcoin. Musk responded demurely, asking if multi-billion greenback Bitcoin transactions have been even potential, to which Saylor replied with the final word flex: that he had “purchased over $1.3 billion.”
Michael Saylor has since obtained huge affirmation within the type of an enormous funding (10.9% of MicroStrategy’s shares) by Morgan Stanley. Former Whitehouse Communications Director Anthony Scaramucci is one other latest high-profile institutional supporter of Bitcoin, and his firm SkyBridge’s Bitcoin Fund generated a lot curiosity that 6000 people attempted to join its launch call.
A lot of Bitcoin’s runaway success over the past yr has been attributed to the pandemic. At a time when the Fed was frantically printing cash and driving the greenback down, Bitcoin rose, attracting large institutional curiosity alongside the way in which. It’s this curiosity that has additional pushed the worth, to the purpose the place it stands right now at an all-time excessive of $40,000.