Bitcoin (BTC) is on the verge of getting a broad acceptance by the "conventional finance people," the world's richest person, Tesla's Elon Musk said during an interview on Clubhouse, an invitation-only audio-chat social networking app, today.
Musk said he must be careful when talking about cryptocurrencies because his words could move the market. He also added that he doesn't have "strong opinions on other cryptocurrencies."
At pixel time (07:22 UTC), BTC trades at USD 33,561 and is unchanged in a day.
As reported, this past Friday, Musk added "#Bitcoin" to his profile on Twitter, later commenting: “In retrospect, it was inevitable”. Following the news, BTC rallied to more than USD 38,400, before it corrected below USD 33,000 again.
Reactions:
Elon you’re not late to the #bitcoin party. I promise.
— ?? (@MichellePhan)
If you think the comments youre seeing about Elon’s thoughts on #Bitcoin are anticlimactic, one quote you might not… https://t.co/ZMHOgIYrLl
— p?itty aka ?ittycent aka the Notorious BRRRRRRRRRR (@realfuckingnews)
The first green candle is when the question was asked. The big red one after he answered it https://t.co/ZwGN6hFLfd
— Larry Cermak (@lawmaster)
The price action is recovering sideways.... then elon morons fomo long and then they immediately sell lower because… https://t.co/MQ7xM1Hk4c
— KING CO?IE ?? (@CryptoCobain)
I think @elonmusk definitely owns Bitcoin now. He did his best not to announce it though. #mytwosats
— John Carvalho (@BitcoinErrorLog)
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