Elon Musk’s advocacy on Bitcoin officially started a month ago, from twitter and Clubhouse.
After changing his Twitter bio to #Bitcoin and tweeted that, “in a retrospect, it was inevitable.” Bitcoin surged by 15%.
Musk’s advocacy on Bitocin unfolds quickly into a clubhouse session.
Musk said on a Sunday night last month during the Clubhouse session with Robinhood CEO Vlad Tenev, “I think bitcoin is really on the verge of getting broad acceptance by sort of the conventional finance people.”
He said that he was told not to comment too much on Bitcoin to prevent it from affecting the price. Though he shared the story that his friend had recommended Bitcoin to him in 2013 by cutting a slice of a Bitcoin cake. “I was late to the party.” He said.
Adding Bitcoin to the Reserve and Payment Method
Fast forward, he then made Bitcoin a payment method to purchasing Tesla and bought $1.5 billion worth of Bitcoin to serve as Tesla’s treasury.
Yesterday, Musk announced that customers can officially buy the car with Bitcoins, and all the Bitcoin paid to Tesla will be retained in the BTC reserve, and not converted to dollars.
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