Does Elon Musk support Bitcoin?

Does Elon Musk support Bitcoin?

Despite his recent criticisms of the cryptocurrency, Tesla billionaire Elon Musk on Wednesday emphasized he is still a “supporter” of Bitcoin, and confirmed that he and both his companies—SpaceX and Tesla—own some, though reiterated his environmental concerns about the currency.

Which crypto will Tesla accept?

Bitcoin
In March 2021, Tesla CEO Elon Musk had announced on Twitter that the carmaker would accept the most popular and largest cryptocurrency, Bitcoin as a mode of payment to purchase electric vehicles.

What Elon Musk thinks about bitcoin?

Mr. Musk said that with his personal holding in bitcoin, he is financially affected when the price drops. “I might pump, but I don’t dump,” he said on a panel about bitcoin. “I definitely do not believe in getting the price high and selling or anything like that.”

What Elon Musk says about bitcoin?

Musk said that with his personal holding in bitcoin, he is financially affected when the price drops. “I might pump, but I don’t dump,” he said on a panel about bitcoin. “I definitely do not believe in getting the price high and selling or anything like that.”

Can you still buy Tesla with bitcoin?

Tesla has stopped accepting bitcoin as payment for its cars out of concern that it will contribute to greater consumption of fossil fuels, according to a statement CEO Elon Musk tweeted Wednesday. Musk also said that Tesla will no longer sell any more of the $1.5 billion stash of bitcoin it purchased earlier this year.

Will Tesla be the first major automaker to accept bitcoin as payment?

That would make Tesla the first major automaker to do so. The $1.5 billion worth of bitcoin will give Tesla liquidity in the cryptocurrency once it starts accepting it for payments. Tesla’s move into bitcoin represents an investment of a significant percentage of its cash in the investment.

What does Elon Musk think about bitcoin?

Although Musk sees utility in Bitcoin for its ability to enable more illegal transactions in a cashless society, he seemed to throw cold water on the idea that it will become some sort of global reserve currency of the world. “Where I see crypto as is effectively a replacement for cash,” said Musk.

Will bitcoin price hit $50k before the end of year?

One industry executive has even predicted the Bitcoin price will reach $50,000 before the end of the year. In his final comment on the topic of Bitcoin, Musk clarified that he does not have some sort of moral objection to crypto.

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https://www.youtube.com/watch?v=kB8mlV79hnk