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

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

Tesla and SpaceX chief govt Elon Musk simply talked about Bitcoin once more in a cheeky tweet revealed simply minutes in the past. Referencing feedback he made beforehand concerning the main cryptocurrency, Musk quipped “Bitcoin is my protected phrase.”

Bitcoin is my protected phrase

— Elon Musk (@elonmusk) December 20, 2020

In January, the billionaire mentioned that the main cryptocurrency is “not [his] protected phrase.”

This is Musk’s newest jest at Bitcoin and the broader crypto house over the previous few months. He usually tweets about Bitcoin, Dogecoin, and different cryptocurrencies, typically in a joking method.

But he’s additionally a passionate believer within the crypto-asset market.

In an interview with Kathie Wood of ARK Invest, Musk mentioned that he thinks Bitcoin has a “good” construction, although criticized its energy-sapping design. He has additionally mentioned that he thinks BTC does have some worth in a world the place fiat cash is being printed away at a fast clip.

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He has, to some extent, criticized Bitcoin by saying that it’s unlikely to turn out to be the world’s base layer for funds.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Billionaires on Bitcoin

While Musk has acknowledged that he doesn’t spend money on Bitcoin, there are different billionaires that do and have come out in assist of the asset over current months.

Most just lately and notably, Wall Street financier Stan Druckenmiller mentioned to a CNBC viewers that he thinks BTC is healthier than gold within the present local weather. Druckenmiller attributed this sentiment to the truth that BTC is a scarce asset and the truth that it does have a number of assist from youthful traders.

As these youthful traders inherit capital, capital ought to naturally move into BTC.

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Elon Musk Drops the Bitcoin ‘Bomb’ on Twitter in Cheeky Midnight Tweet

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