Musk Continues to Support Bitcoin

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Elon Musk, CEO of SpaceX and Tesla, said he was late to invest in Bitcoin at the Clubhouse.

"I should have bought Bitcoin 8 years ago, I was late to the party," Elon Musk, CEO of SpaceX and Tesla, told Clubhouse. said. Stating that Bitcoin is a good thing and is a supporter, Musk said, "It would be fun for Dogecoin to be a global currency." he added.

After Musk put the Bitcoin tag and emoji on his Twitter profile statement last week, the cryptocurrency rose 10 percent to over $ 36,000.

Bitcoin, the largest cryptocurrency, instantly rose 15 percent in London transactions.

Earlier on Friday, Musk also sparked the Dogecoin rally with the "Dogue" magazine, which he shared on Twitter and featured a dog on the cover. Originally created as a joke, Dogecoin has surged 300 percent last Friday.

 

Elon Musk asked to move his balance sheet to Bitcoin

During a Twitter conversation, Elon Musk asked if it was possible to convert Tesla's balance sheet to Bitcoin.

In a conversation with Musk on Twitter, MicroStrategy CEO Michael Saylor told Musk that he needed to move the company's balance sheet to Bitcoin.

"If you want to do a $ 100 billion favor to your shareholders, you should move your balance sheet from dollars to Bitcoin." Saylor said, "Other companies in the S&P 500 will follow you, and over time this favor can reach up to $ 1 trillion." he added.

Musk asked if such a large transaction was possible, and Saylor stated 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.

Regulation and Society adoption

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