Elon Musk: millionaire’s new nod to bitcoin

The influential tycoon, owner of a fortune of US $ 185,000 million, has come to comment that he wishes that a cryptocurrency was the currency of a future colony on Mars.

Renowned South African billionaire Elon Musk has the power to strengthen bitcoin with just one comment. The creator of Tesla and Space X already showed his power last week by adding the word “bitcoin” to his Twitter profile. On this occasion, he expressed his sympathy through the new Clubhouse audio application.

“I have to watch what I say here because some of these things can really move the market,” Musk said. “Many friends of mine have long been trying to convince me to get involved in bitcoin.”

“At this point I do believe that bitcoin is a positive thing and I support it,” he continued. He also clarified that he does not have an informed opinion on other cryptocurrencies. Unlike when he added the word “bitcoin” to his profile , which raised the price of the currency by US $ 5000 (20%) , this time his sayings did not move the needle.

Its influence on the cryptocurrency market, however, is quite well known. Last week, the value of dogecoin , another currency, soared 800% in 24 hours after a tweet from Musk was interpreted by many as support for him.

“I occasionally make jokes about dogecoin, but they should be taken only as jokes,” Musk commented in the same Clubhouse audio on Sunday. “Dogecoin was created as a joke to laugh at cryptocurrencies, although fate loves irony. It would be fun and ironic if dogecoin became the currency of the Earth in the future,” he added.

The cryptocurrency adds more and more followers willing to bet on new means of investment in the digital age. During 2020, its value quadrupled, reaching $ 42,000 at the beginning of January . Today bitcoin was trading at $ 33,560 at 2.30pm.

Source: https://www.lanacion.com.ar/economia/elon-musk-da-fuerza-al-bitcoin-nid2586939 – Robb Report


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