Can Elon Musk Convert His Balance To Bitcoin?

Can Elon Musk Convert His Balance To Bitcoin? Elon Musk posed a question to digital currency investor Michael Saylor about his Bitcoin investment. So, can Elon Musk convert his balance to Bitcoin? Here are the details .. According to the report compiled by Reuters, Elon Musk raised a question during a Twitter post about whether it is possible to transfer Tesla's balance sheet to Bitcoin. MicroStrategy CEO Michael Saylor said in a conversation with Musk that Tesla should move its balance sheet to Bitcoin. Saylor said, "If you want to do a $ 100 billion favor to your shareholders, you should move your balance sheet from dollars to Bitcoin. Other companies in the S&P 500 will follow you, and over time this favor can reach up to $ 1 trillion.” Elon Musk asked if such a large transaction was possible. Saylor noted that an investment of this size is also possible and that he bought $ 1.3 billion of Bitcoin in the past months and that he could explain his tactics offline if he wanted. Bitcoin's price rose as high as $ 24,299.75 on Sunday and broke a new record last week, crossing the $ 20,000 threshold for the first time. Bitcoin is trading at $ 23,858.66 as of 09:31 am.