Elon Musk says Bitcoin is about to be broadly accepted
© Reuters. FILE PHOTO: Representations of the Bitcoin virtual currency are shown in this figure
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.
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