Last week, Tesla founder Elon Musk once again commented on the cryptocurrency Bitcoin.
Via Twitter, he stated that he would by no means be opposed to payment in Bitcoin.
On January 8, 2021, writer Ben Mezrich posted a tweet stating that he would not oppose being paid in Bitcoin. About a day later, Elon Musk responded to this tweet by saying „neither would I.“
For many entrepreneurs, 2020 was marked by financial losses. Not for Elon Musk, however. He recently overtook Amazon founder Jeff Bezos in the Bloomberg news agency’s billionaires index and is now considered the richest person in the world. His fortune is estimated at $209 billion (as of Jan. 12).
A few days ago, the Bitcoin Profit reached a new all-time high and cracked the 40,000 US dollar mark. As early as December 2020, rumors circulated that Musk’s company Tesla wanted to add Bitcoin to its balance sheet. The carmaker’s stock is currently moving at unprecedented heights and recently cracked the $800 mark. Last year, Tesla delivered a total of more than half a million cars. Musk called that a milestone in early January:
I am so proud of the Tesla team for reaching this important milestone! At the beginning of Tesla, I thought we had (optimistically) a 10 percent chance of even surviving.
Elon Musk and Michael Saylor discuss Bitcoin.
Musk publicly inquired with MicroStrategy founder Michael Saylor regarding a conversion of Tesla’s company assets into Bitcoin. Saylor’s response to Musk’s inquiry was as follows:
76.4% of retail investor accounts lose money trading CFDs with this provider [advertisement].
If you want to do your shareholders a $100 billion favor, convert Tesla’s balance from dollars to bitcoin.
Musk then asked if transactions of that magnitude were even feasible. Saylor responded to that question by recalling that he himself had already invested over $1.3 billion in Bitcoin in recent months. One could almost think that the two company founders already suspected that their public BTC discussion would once again increase the run of potential investors.
It remains to be seen how literal Musk’s statement about wanting to be paid with Bitcoin is to be taken. In any case, given the current Bitcoin price, which is still at $34,000 despite its recent correction, it doesn’t seem like a bad idea.