Elon Musk Continues to Support for Bitcoin

Elon Musk continues to support Bitcoin. Elon Musk continues to comment on Bitcoin investment.

Elon Musk, CEO of SpaceX and Tesla, spoke at the popular social media platform Clubhouse. Musk used the following statements:

"Should've bought Bitcoin 8 years ago I'm late to the party."

Stating that Bitcoin is a good thing and supports BTC, Musk said, "It would be fun for Dogecoin to be a global currency." Last week, when Musk put the Bitcoin tag and emoji in the profile description section of his Twitter account, the leading cryptocurrency Bitcoin (BTC) increased by 10 percent and exceeded $ 36,000. In addition, Bitcoin (BTC) instantly increased 15 percent in London transactions. In the early hours of Friday, Elon Musk had accelerated the Dogecoin rally with the "Dogue" magazine with a dog on its cover, which he shared on Twitter. Dogecoin, which was first revealed as a joke, increased 300 percent last Friday. https://twitter.com/elonmusk/status/1354924057825837060

Can Tesla's Balance Sheet Be Converted to Bitcoin?

Elon Musk, the CEO of the electric vehicle manufacturer Tesla, asked in a Twitter speech whether it was possible to convert Tesla's balance sheet to Bitcoin. MicroStrategy CEO Michael Saylor told Musk in a Twitter conversation with Musk that he needed to move the company's balance sheet to Bitcoin. Saylor used the following statements:

"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 too, and over time this favor can go up to $1 trillion.."

Thereupon, Musk asked the question whether such a large transaction was possible, and Saylor explained that it was possible and that he had bought $ 1.3 billion of Bitcoin in the past months and could share his tactics offline if he wanted.