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Elon Musk, the richest man in the world, wants to be paid in Bitcoin

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Kamal Saini
Kamal S. has been Journalist and Writer for Business, Hardware and Gadgets at Revyuh.com since 2018. He deals with B2b, Funding, Blockchain, Law, IT security, privacy, surveillance, digital self-defense and network policy. As part of his studies of political science, sociology and law, he researched the impact of technology on human coexistence. Email: kamal (at) revyuh (dot) com

Tesla and SpaceX founder said he would never reject cryptocurrency

Elon Musk, the billionaire founder of Tesla and SpaceX, who has just become the richest man in the world, said he would never refuse to be paid with the cryptocurrency.

The statement came as a response to a tweet from Ben Mezrich, the author of the movie Bitcoin Billionaires. “I’ll tell you one thing, I’m never turning down getting paid in bitcoin again,” Mezrich wrote.

“Me neither,” Musk replied.

Musk is known to be a fan of Bitcoin, regularly tweeting about it and other cryptocurrencies. Although he often does it with irony, this time he seems to be very serious, and his sayings are not surprising since during the last month the price of Bitcoin reached all-time highs and has become as or more popular than in 2017, during the boom of this cryptocurrency.

In fact, the flagship cryptocurrency could reach $50,000 in the coming months and even some experts predict that figure could multiply by 10 in a short time. According to recognized financial institutions such as JP Morgan, cryptocurrency could be worth between $146,000 and $400,000 in the future.

According to some experts, JP Morgan’s forecast that bitcoin could reach $ 146,000 in the long term “is not an exaggeration. The digital currency will continue to rise in the future even if there is a temporary drop associated with the collection of profits by investors, since the cryptocurrency is gaining strength as a safe haven to replace gold and as a reserve asset of organizations and who knows if it is from states.

Institutions around the world are seeing bitcoin as a growth asset and as a way to hedge against the great fear of 2021: inflation.

On December 16, Bitcoin broke the $ 20,000 level for the first time and reached $ 21,295. From that moment, it has not stopped climbing.

In December, Musk sparked wild stock market speculation when he slipped – also during a public conversation on Twitter – that his electric car company could add Bitcoin to its balance sheet. In an exchange with the CEO of MicroStrategy, a business intelligence firm that has attracted significant attention in recent months by buying more than $ 1 billion worth of Bitcoin, he asked if it was possible to convert billions of dollars from Tesla to the cryptocurrency.

And a week later, Musk, who wants to make a manned mission to Mars a reality in a few years, tweeted that Mars’ future economy could be based on cryptocurrency, like Bitcoin.

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