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.
Elon you’re not late to the #bitcoin party. I promise.
The first green candle is when the question was asked. The big red one after he answered it https://t.co/ZwGN6hFLfd
The price action is recovering sideways…. then elon morons fomo long and then they immediately sell lower because… https://t.co/MQ7xM1Hk4c
I think @elonmusk definitely owns Bitcoin now. He did his best not to announce it though. #mytwosats
Elon Musk Deconstructs Money, Prompting Bitcoiners to Ponder the Meaning
BTC Drops Below USD 23K While Investors Watch Elon Musk, New Stimulus, and Crackdown
Elon Musk Says There’s No Bitcoin ATM at Gigafactory, But There is A But
Elon Musk, ‘Ethereum’ and ‘jk’. What Could Possibly Go Wrong?
Elon Musk Praises Bitcoin, Says “Paper Money is Going Away”
Bridgewater’s Ray Dalio Sends Stronger Bitcoin Signal
Bitcoin Snowball Is Expected To Hit More Institutions in 2021