Elon Musk, the billionaire founding father of Tesla
Replying to a tweet by Ben Mezrich, the writer behind the film The Social Community and author of Bitcoin Billionaires, that learn “I’m by no means turning down getting paid in bitcoin once more,” Musk replied: “Me neither.”
Musk, who’s ridden Tesla’s hovering share value to the highest of the world’s wealthy lists over the past 12 months, is understood to be a fan of bitcoin, frequently tweeting about it and different cryptocurrencies (though often in a tongue-in-cheek way).
With the bitcoin value reaching never-before-seen highs over the last month, bitcoin and comparable digital currencies have returned to the forefront of global consciousness for the primary time since bitcoin’s 2017 increase and subsequent bust.
The worth of the mixed bitcoin and cryptocurrency market has now surged to over $1 trillion. The bitcoin value smashed by means of $40,000 per bitcoin this week, with the overall worth of the world’s largest cryptocurrency passing $750 billion—and pushing bitcoin up the charts of largest global assets.
The bitcoin value, after struggling by means of a three-year bear market, started to rally in October—breaking into fresh territory last month as a wave of big-name buyers named bitcoin as a potential hedge against inflation.
Final month, Musk sparked wild hypothesis his electrical automotive firm might add bitcoin to its balance sheet throughout a public trade on Twitter.
Musk, responding to the chief government of MicroStrategy
Every week later, Musk, who desires to make a manned mission to Mars a actuality in only a few brief years, tweeted a future Mars financial system could be based on cryptocurrency, reminiscent of bitcoin.