Elon Musk says bitcoin 'on the verge' of being more widely accepted

Reuters2021-02-01

SAN FRANCISCO (Reuters) - Billionaire Elon Musk said on Monday bitcoin was “on the verge” of being more widely accepted among investors as he expressed his support for the cryptocurrency.

The comments come after the Tesla Inc CEO’s use of a “#bitcoin” tag on his Twitter profile page led to a 14% jump in the cryptocurrency on Friday.

“I am a supporter of bitcoin,” Musk said during his debut on the invitation-only social media app Clubhouse, a conversation that drew thousands of listeners.

“I think bitcoin is on the verge of getting broad acceptance by conventional finance people,” he said, adding he should have bought it eight years ago.

“I was a little slow on the uptake ... I do think at this point that bitcoin is a good thing.”

Bitcoin was up 2% at $33,796 on Monday, having surged over 300% in 2020.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • WYK
    2021-02-02
    WYK
    Hope he comments more on individual stocks and drive up the price! [齜牙] 
  • BabyGuinness
    2021-02-02
    BabyGuinness
    Here we go again [白眼] 
  • TylerJQ
    2021-02-02
    TylerJQ
    Bitcoinnnnnn
    • 社区成长助手
      终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题,可以获得更多曝光哦~如果您想创作优质文章,请查看老虎社区创作指引
  • FPJ
    2021-02-02
    FPJ
    In Elon, we Musk
  • Brianthelion
    2021-02-02
    Brianthelion
    If he allows the purchase of Tesla using Bitcoins,then I foresee wide acceptance hahaha
  • Kiewc
    2021-02-02
    Kiewc
    Nice
Leave a comment
66