Elon Musk thinks bitcoin is on the verge of broad acceptance by traditional finance people.

Tesla founder and CEO Elon Musk has said that bitcoin is a "good thing" and that it is set to get mainstream attention from traditional finance people.

Tesla CEO Elon Musk has said that the leading cryptocurrency bitcoin is a “good thing” and that it is set to get mainstream attention. “I think bitcoin is really on the verge of getting broad acceptance by sort of the conventional finance people,” said Musk on Sunday night during a Clubhouse chat session. “I don’t have a strong opinion on other cryptocurrencies,” he added. Musk went on to say that many of his friends have convinced him to buy bitcoin in the past, but he is “late to the party.” 

 

Elon Musk says he should have bought some bitcoin in 2013. 

The billionaire CEO added that he should have bought some bitcoin in 2013 when one of his friends introduced the cryptocurrency at the time. Musk also briefly talked about Dogecoin, the meme-coin he has tweeted about in the past, saying that he “occasionally” makes “jokes about Dogecoin.” “They are really just meant to be jokes, but you know Dogecoin was made as a joke to make fun of cryptocurrencies obviously, but fate loves irony and often as a friend of mine says that the most ironic outcome or I’d say the most entertaining outcome and the most ironic outcome would be that Dogecoin becomes the currency of earth in the future,” Elon Musk said.

 

Elon Musk wrote “bitcoin” in his Twitter bio. 

Musk’s comments came three days after he added bitcoin to his Twitter bio and posted, “In retrospect, it was inevitable,” possibly meaning that the bitcoin mention was sure to happen. The price of bitcoin went up by about 15% on Friday after Musk’s mention and is currently trading up by about 2% at $33,800. Elon Musk has kept his views on bitcoin ambiguous, but this time he has openly admitted that bitcoin is on the verge of getting broad acceptance from finance people. 

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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