Elon Musk Drops the Bitcoin ‘Bomb’ on Twitter When Once Again

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Elon Musk Drops the Bitcoin ‘Bomb’ on Twitter When Once Again

Tesla and SpaceX president Elon Musk simply discussed Bitcoin once again in a saucy tweet released simply minutes back. Referencing remarks he made formerly about the leading cryptocurrency, Musk quipped “Bitcoin is my safe word.”

In January, the billionaire said that the leading cryptocurrency is “not [his] safe word.”

This is Musk’s newest jest at Bitcoin and the wider crypto area over the previous couple of months. He routinely tweets about Bitcoin, Dogecoin, and other cryptocurrencies, typically in a joking way.

However he is likewise an enthusiastic follower in the crypto-asset market.

In an interview with Kathie Wood of ARK Invest, Musk stated that he believes Bitcoin has a “fantastic” structure, however slammed its energy-sapping style. He has likewise stated that he believes BTC does have some worth in a world where fiat cash is being printed away at a fast clip.

He has, to some level, slammed Bitcoin by stating that it is not likely to end up being the world’s base layer for payments.

Associated Checking Out:Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Billionaires on Bitcoin

While Musk has actually specified that he does not purchase Bitcoin, there are other billionaires that do and have actually come out in assistance of the property over current months.

Most just recently and especially, Wall Street investor Stan Druckenmiller stated to a CNBC audience that he believes BTC is much better than gold in the present environment. Druckenmiller associated this belief to the reality that BTC is a limited property and the reality that it does have a great deal of assistance from more youthful financiers.

As these more youthful financiers acquire capital, capital needs to naturally stream into BTC.

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