THELOGICALINDIAN - Tesla and Spacex CEO Elon Musk fabricated a alternation of tweets about bitcoin on Sunday One of them apropos whether it is accessible to buy bitcoin in ample affairs decidedly for Tesla to catechumen its US dollar affluence into bitcoin Microstrategys CEO told Musk that this move would be a 100 billion favor to Teslas shareholders that would abound into a 1 abundance favor
Elon Musk’s Bitcoin Tweets
Elon Musk tweeted about bitcoin several times on Sunday, starting with “Bitcoin is my safe word,” authoritative the aforementioned antic he ahead fabricated on several occasions. This time he followed up with “Just kidding, who needs a safe chat anyway?” His antecedent cheep garnered over 6.1k comments at the time of writing. It had been retweeted added than 21.1k times and admired 210.1k times.
A few hours later, Musk tweeted about bitcoin and dogecoin. One cheep reads: “Bitcoin is about as bs as authorization money,” which abounding commenters accept taken as a acceptable insult to government money, decidedly the U.S. dollar. Another cheep says: “One word: Doge.”
Musk additionally replied to a bitcoin amount anticipation fabricated by Twitter user Mark Calloway. “I adumbrate a crash, I additionally adumbrate it will ability $50k in [the] abutting bristles years,” he wrote. The Tesla CEO replied, “Sounds about right.”
Musk again tweeted a bitcoin meme that admiring Microstrategy CEO Michael Saylor to animadversion a few hours later. Saylor has become an ardent bitcoin backer afterwards authoritative the cryptocurrency his billion-dollar company’s primary Treasury reserve asset.
The Microstrategy CEO told Musk: “If you appetite to do your shareholders a $100 billion favor, catechumen the $TSLA antithesis area from USD to BTC. Other firms on the S&P 500 would chase your advance & in time it would abound to become a $1 abundance favor.” Musk responded to Saylor:
Saylor answered: “Yes. I accept purchased over $1.3 billion in BTC in accomplished months & would be blessed to allotment my playbook with you offline – from one rocket scientist to another.” A cardinal of others chimed in to acknowledgment Musk’s question, including Binance CEO Changpeng Zhao, who recommended his own barter to Musk. “Probably not a acceptable abstraction to do it in one transaction, but can absolutely be done,” he noted.
Musk’s bitcoin catechism has sparked abundant belief on amusing media that the Spacex CEO ability anon buy a ample bulk of bitcoin, possibly through his aggregation Tesla. However, some bodies accept that Musk was not austere about affairs bitcoin with Tesla’s money. Gold bug Peter Schiff, for example, opined: “It seems like Elon Musk was alone badinage about advertisement Tesla shareholders to bitcoin. So I don’t charge to argue the lath not to about-face Tesla into a bifold bubble.”
Tesla will clearly become an S&P 500 basic at Monday’s accessible with a 1.69% weighting in the index, which is the fifth-largest.
Prior to Sunday, Musk has tweeted about bitcoin on a cardinal of occasions. The Tesla CEO accepted in May, “I still alone own 0.25 bitcoins,” afterwards acknowledging to Harry Potter columnist J.K. Rowling about how “massive bill arising by govt axial banks is authoritative bitcoin internet money attending solid by comparison.” The baby bulk of BTC Musk owns was accustomed to him several years ago by a friend, he explained in February aftermost year, acquainted that he did not accept any added crypto holdings.
In February, he addressed the ascent cardinal of scams leveraging bitcoin and added cryptocurrencies. Many of them acclimated his name to advance their bitcoin betrayal schemes, raking in millions of dollars. The anxious Musk tweeted: “The crypto betray akin on Twitter is extensive new levels. This is not cool.” In November, he responded to Game of Thrones extra Maisie Williams allurement on Twitter if she should buy bitcoin with “Toss a bitcoin to ur Witcher.”
Musk additionally tweeted about cryptocurrency several times aftermost year last, such as “Whoever owns the aboriginal BTC deserves a Nobel award-winning in delayed gratification.” Besides bitcoin, the Tesla CEO has additionally tweeted about dogecoin a cardinal of times over the years. To this day, his Twitter contour still displays: “Former CEO of Dogecoin.”
Do you anticipate Elon Musk’s Tesla will anon advance essentially in bitcoin? Let us apperceive in the comments area below.
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