Elon Musk, CEO of Spacex and Tesla, has clarified his position on Bitcoin and Dogecoin. He confirmed that he supports Bitcoin and stated that it was “a good thing”. Musk admitted he was late for the game with bitcoin and said he should have bought it eight years ago when his friend fed him a piece of bitcoin pie.
Elon Musk confirms that he supports Bitcoin
In an interview on The Good Time Show about the Clubhouse app on Sunday evening, Spacex and Tesla CEO Elon Musk talked about Bitcoin and Dogecoin.
“I have to be careful what I am saying here because some of these things can really move markets,” Musk replied when asked to comment on Bitcoin. “A lot of my friends tried to convince me that I had been into Bitcoin for a long time. I was a little slow at taking it.” He added that a friend of his named Billy had a bitcoin cake and fed him a piece in 2013.
“I should have bought Bitcoin at least eight years ago,” admitted Musk, explaining:
At this point, I think Bitcoin is a good thing. I’m late for the party, but I’m a bitcoin believer and I think bitcoin is about to see widespread adoption by conventional finance folks.
“I have no firm opinion about other cryptocurrencies,” revealed the CEO of Spacex and Tesla. On Dogecoin he said, “I occasionally make jokes about Dogecoin, but they’re supposed to be jokes. Dogecoin was made as a joke to make fun of cryptocurrencies. Obviously.”
Still, Musk added, “But fate loves irony, and often the most ironic or entertaining outcome is the most likely. And I think the most fun and ironic result is that Dogecoin will become the currency of the earth in the future. “
During the clubhouse interview, Musk also briefed the CEO of investment app Robinhood, Vlad Tenev, about last week’s controversial trading restrictions that the platform abruptly imposed on popular stocks, including Gamestop. This followed a coordinated move by Redditors on the Wallstreetbets board of directors for certain stocks.
Last week, Musk changed his Twitter profile to just say “#bitcoin” and tweeted, “Looking back, it was inevitable.” The price of BTC rose soon after, but has fallen since then. At the time of writing, his Twitter profile only says “#bitcoin”.
What do you think of Elon Musk’s Bitcoin remarks? Let us know in the comments below.
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