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Monday, April 19, 2021

Elon Musk ‘winks’ at bitcoin – Tweets with digital currency ‘guru’

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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

Musk had a very interesting conversation with an ardent supporter of digital currency about the possibility of converting Tesla’s “big transactions” into bitcoin

Bitcoin’s continued upward rally could not leave Tesla CEO Elon Musk “unmoved” by appearing to turn his attention to the digital currency.

Musk had a very interesting conversation via Twitter with Michael Sailor, a strong supporter of the digital currency, about the possibility of converting “large transactions” – of Tesla’s balance sheet – into bitcoin.

In a series of tweets, Sailor, the CEO of Microstrategy, encouraged the billionaire CEO to convert hundreds of Tesla’s dollars in bitcoin revenue, typically saying that with this way it will make a $100 billion “gift” to the shareholders of the American automotive giant.

“Other companies listed on the S&P 500 would follow suit, and over time, $ 100 billion would be $ 1 trillion,” Sailor said in a post on popular social media.

The exchange of messages came after Musk posted an image showing him “flirting” with Bitcoin, whose value has more than doubled this year.

Are such large transactions possible? Musk tweeted. Many people assured him that it was, among them Sailor, who said he had bought more than $ 1.3 billion in bitcoin and offered to share his “strategy” offline.

Bitcoin’s record rise has led investors to claim a growing share of the cryptocurrency rally – even if it means raising its price.

Bitcoin has seen an uptrend this month, surpassing $ 23,000 on Thursday, and while above the $ 20,000 mark for the first time the day before.

Tesla shares, which will be traded on the Stock Exchange on Monday, rose eightfold this year.

Earnings increased Musk’s fortune by $ 140 billion, making him the second richest man in the world, according to the Bloomberg Billionaires Index.

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