Elon Musk says Bitcoin is about to be broadly accepted

2/2

© Reuters. FILE PHOTO: Representations of the Bitcoin virtual currency are shown in this figure

2/2

SAN FRANCISCO (Reuters) – Billionaire Elon Musk said on Monday that Bitcoin was on the verge of becoming widely accepted by investors when he expressed his support for the cryptocurrency.

The comments come after Tesla (NASDAQ 🙂 Inc CEO's use of a "#bitcoin" tag on his Twitter profile page caused cryptocurrency to surge 14% on Friday.

"I'm a bitcoin believer," said Musk on his debut on Clubhouse social media app, which was an invitation-only app and attracted thousands of listeners.

"I think Bitcoin is about to become widely adopted by conventional finance people," he said, adding that he should have bought it eight years ago.

"I was a little slow to take in … I think Bitcoin is a good thing at this point."

rose 2% to $ 33,796 on Monday after rising over 300% in 2020.

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may suffer from using this data.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Comments are closed.