Elon Musk: “I’m a Bitcoin Supporter”


Tesla and SpaceX founder Elon Musk said he is a supporter of Bitcoin, although he believes that he was late for the party.

February 1, 2021 | AtoZ Markets – The head of Tesla and SpaceX, Elon Musk, believes that Bitcoin conservative financiers are already ready to accept bitcoin as an investment tool. He stated this in an interview through the social application Clubhouse.

“I’m a bitcoin supporter. I was late to the party, but I am a supporter. It seems to me that Bitcoin is on the cusp of widespread acceptance by traditional financiers, ”Musk said.

At the same time, Musk said that this opinion does not apply to other cryptocurrencies. Whether Musk’s statements mean that he is behind the recent large purchase of Bitcoin remains unknown.

Elon Musk has been following bitcoin for a long time

According to Musk, acquaintances have been trying to involve him in the Bitcoin industry since 2013 when Bitcoin was trading in the $100 range. At the same time, the founder of Tesla and SpaceX acknowledges that his social media activity could have unpredictable consequences.

“I have to be careful with what I say, it can affect the market,” Musk said, commenting on the decision to put the hashtag “#bitcoin” on his Twitter page.

Read also: Elon Musk’s complex relationship with crypto in brief

Separately, Elon Musk commented on the pump of the DOGE cryptocurrency.

“The funniest thing is if dogecoin becomes the world’s currency in the future … Dogecoin was created as a joke to make fun of cryptocurrency, but fate loves irony,” he said.

The DOGE pump led to the cryptocurrency reaching an all-time all-time high of $0.077 in just a couple of days. A little later, Musk posted the hashtag “#bitcoin” on his Twitter, which caused a sharp pump in prices by 20%.

It is noteworthy that in early January, Elon Musk made it clear that he was not against accepting bitcoins as payment for his products. However, Tesla still does not accept cryptocurrency.

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