Tesla and SpaceX CEO Elon Musk has clarified that he’s a bitcoin supporter, if a bit “late to the social gathering.”
Speaking on invitation-only audio-chat app Clubhouse on Monday, Musk said, “I ought to have purchased [bitcoin] eight years in the past … I do at this level assume bitcoin is an efficient factor. I’m a supporter.”
The Tesla CEO additional stated bitcoin, the highest cryptocurrency by market cap, is “on the verge of getting broad acceptance by standard finance individuals.” He added that he didn’t have a “sturdy opinion on different cryptocurrencies.”
Musk did tackle in style meme-friendly cryptocurrency dogecoin, saying he often makes jokes concerning the coin. Whereas dogecoin is “made as a joke,” he stated, it might be probably the most “entertaining and ironic final result,” if DOGE turned the “forex of [E]arth sooner or later.”
“Destiny loves irony,” he stated.
Up to now, Musk has generally teased the crypto group by name-dropping bitcoin and dogecoin, however by no means clarified if he’s a supporter any cryptocurrency.
The brand new feedback come a number of days after Musk changed his Twitter bio to learn “Bitcoin,” prompting a 15% rise within the value of the cryptocurrency. The sudden rise additionally caused the liquidation of $387 million price of bitcoin quick positions.
At press time, bitcoin is up 2.2% over 24 hours at $34,376.