in

Elon Musk: “Bitcoin Is on the Verge of Broad Acceptance by Conventional Finance”

Elon Musk: "Bitcoin Is on the Verge of Broad Acceptance by Conventional Finance"


 | 

Following a cryptic statement on Friday and an update to his Twitter profile, Elon Musk elaborated on his new-found interest in Bitcoin over the weekend.

During a session on audio chat platform Clubhouse, Musk responded to a question about his opinion on Bitcoin that in 2013, a friend made a “Bitcoin cake,” a cake with a Bitcoin symbol on it, and fed him a slice of it, which, in hindsight, he commented on that “clearly, I should’ve at least bought some bitcoin eight years ago.”

On a more serious note, Musk added that he did, at this point, think that “Bitcoin is a good thing.”

I’m late to the party, but I’m a Bitcoin supporter.

Musk has talked about Bitcoin repeatedly on his 44 million follower-strong Twitter account in recent years, although he showed himself skeptical the majority of the time—and joked about Bitcoin and other cryptocurrencies the rest of the time.

As for what the future holds, Musk stated he believes that “Bitcoin is on the verge of getting broad acceptance by the conventional finance people.”

With his comments, Elon joins the ranks of various representatives of financial institutions that have either expressed their interest in Bitcoin in recent months or made good on their commitments and purchased varying amounts of the asset.

In January, a twin filing by the world’s largest asset manager BlackRock made the rounds as it contained language that implied some of the firms funds “may engage in futures contracts based on bitcoin.”

Thomas is a independent journalist. He enjoys writing about Bitcoin, learning about Bitcoin, and hodling bitcoin.





Source link

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Loading…

0

What do you think?

Thousands of People Are Using This Method to Double Their BTC

Thousands of People Are Using This Method to Double Their BTC

What Happens to Bitcoin in the Fallout of the US Election?

What Happens to Bitcoin in the Fallout of the US Election?