Elon Musk, the billionaire founder of Tesla
TSLA
Respond to a tweet from Ben Mezrich, the author behind the film The social network and writer of Bitcoin billionaires, which read, “I never refuse to be paid in bitcoin again,” Musk replied: “Me neither.”
Elon Musk, the billionaire CEO of Tesla and SpaceX known as a fan of bitcoin, … [+]
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Musk, who has driven Tesla’s soaring stock price to the top of the world’s rich lists in the past year, is known as a fan of bitcoin, regularly tweeting about the and other cryptocurrencies (although often in an ironic way).
With bitcoin price hitting unprecedented highs in the past month, bitcoin and similar digital currencies have returned to the forefront of global consciousness for the first time since bitcoin’s 2017 boom and subsequent failure.
The value of the combined bitcoin and cryptocurrency market has now risen to over $ 1 trillion. Bitcoin price soared by $ 40,000 per bitcoin this week, with the total value of the world’s largest cryptocurrency passing $ 750 billion – pushing bitcoin into the charts of the largest global assets.
Bitcoin price, after suffering from a three-year bear market, started to soar in October – breaking into new ground last month when a wave of major investors cited bitcoin as a potential hedge against inflation.
Bitcoin price has surged well past its 2017 high of around $ 20,000 in the past month, helped by … [+]
Coinbase
In December, Musk sparked wild speculation that his electric car company could add bitcoin to its balance sheet during a public exchange on Twitter.
Musk, in response to the CEO of MicroStrategy
MSTR
MSTR
, a business intelligence company that has garnered a lot of attention in recent months by buying more than $ 1 billion worth of bitcoin, asked if it was possible to convert billions of Tesla’s dollars into bitcoin.
A week later, Musk, aiming to realize a manned mission to Mars within a few years, tweeted that a future Mars economy could be based on cryptocurrency, such as bitcoin.