Bitcoin’s BTCUSD,
fierce rally again attracts the attention of investors of all levels, including Elon Musk, who asked early Sunday about the possibility of converting Tesla’s TSLA ‘big transactions’,
balance in the cryptocurrency.
It all started when Musk tweeted a provocative meme about the allure of bitcoin. As comments, likes and retweets piled up, Michael Saylor, CEO of Microstrategy MSTR said,
and big bitcoin fan, joined the discussion with an idea that caught Musk’s attention.
“If you want to do your shareholders a $ 100 billion favor, convert the $ TSLA balance from USD to #BTC,” said Saylor. “Other companies on the S&P 500 SPX,
would follow your lead and over time it would grow into a $ 1 trillion favor. ”
Musk responded by asking if “such large transactions are even possible?” Saylor was just one of many bitcoin backers who assured him they are.
“I’ve bought over $ 1.3 billion in #BTC in the past few months and would love to share my playbook with you guys offline – from one rocket scientist to another,” said Saylor. Last week, he spoke in more detail about the idea of companies taking the step of converting their money stacks into bitcoin:
While bitcoin fans loved the discussion, there were plenty of others, including Euro Pacific Capital CEO Peter Schiff, who dismissed it as a joke:
Meanwhile, bitcoin just continues to plunge deeper into uncharted territory, moving past $ 24,000 for the first time on Sunday.