Tesla’s decline was fueled in part by Musk’s comments over the weekend that the prices of Bitcoin and smaller rival Ether “do seem high. Following Musk's tweet, the bitcoin price soared above $52,000 to a new record high. In a tweet, Elon Musk said Bitcoin prices "seem high". Bitcoin soars after Elon Musk's Tesla buys US$1.5b of digital coin, plans to accept as payment for its cars. I’m not Elon Musk’s biggest fan. Speaking on a Clubhouse stream Sunday night, Musk said that Bitcoin was “a good thing.” The key word is “almost”. But I won’t lie, as a long-time advocate for Bitcoin both in theory and practice, I welcomed his announcement that Tesla Corp. has a $1.5 billion position in granddaddy of cryptocurrencies. The U.S. Securities and Exchange Commission (SEC) could investigate Elon Musk over Tesla's $1.5 billion bitcoin purchase, some legal experts have warned, including a former SEC enforcement officer. The competition was apparently being run by Elon Musk's Tesla team. Though his favourite is still Dogecoin, he also invested a lot in Bitcoin. Emphasizing that he is an engineer, not an investor, Musk says that bitcoin "is simply a less dumb form of liquidity than cash." With that, the crypto world has finally received Elon Musk’s official views on crypto and Bitcoin. Elon Musk said the EV giant is using only internal and open-source software and operates Bitcoin nodes directly. It also announced that Tesla would start accepting bitcoins as a form of payment for its products soon. Bitcoin is almost as bs as fiat money. Technology What Elon Musk's bitcoin bet means for Tesla: 5 things to know. The world’s richest man, Tesla CEO Elon Musk, believes that bitcoin could soon break into traditional finance as he expressed his view on the popular cryptocurrency. Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. BITCOIN surged to another record on Saturday after reaching more than US$1 trillion in market value for the first time, leaving some of its biggest backers in a state of wonderment. At current prices, 0.88 bitcoins would be enough to buy an entry-level Tesla Model 3. What started off as a meme-inspired parody cryptocurrency has now become the center of a series of tweets in a bitcoin sound-off from Elon Musk. Bitcoin vs Gold argument will never get old, at least in the Schiff family. Elon Musk was one of the first prominent individuals to embrace cryptocurrencies. Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. Tesla and Spacex CEO Elon Musk has clarified his position on bitcoin. ELON MUSK'S electric car company Tesla has bought more than £1billion ($1.5billion) worth of bitcoin (BTC), causing the flagship cryptocurrency to spike to a record-high price. Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. In other words, despite his crypto ‘Easter eggs’ on Twitter, Musk seems to believe that the fate of crypto has yet to be decided, and especially their role in the future of finance. Tesla’s chief executive, Elon Musk, has said that investing in Bitcoin is a “less dumb form of liquidity than cash” after the electric carmarker bought $1.5bn (£1.07bn) of the cryptocurrency.“To be clear, I am not an investor, I am an engineer,” he said on Twitter. “I do at this point think bitcoin is a good thing,” the billionaire told a chat room on the invitation-only social media app Clubhouse on Monday.
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