Tesla’s chief executive officer, the billionaire Elon Musk has remarked that Ethereum and bitcoin process “seemed high” during the time when cryptocurrencies have been at their record high as bitcoin crossed the “$1 trillion market-capitalization threshold”.
It is known that the recent Tweets by Tesla C.E.O have powered the “digital-currency rally”. The said remark came from the billionaire as a reply to a user who claimed gold being better than “bitcoin and conventional cash”.
Earlier, Musk had stated that for him “holding Bitcoin” for an “S&P 500 company” seemed “adventurous”. In his tweet he had said:
“Money is just data that allows us to avoid the inconvenience of barter ...”
“That said, BTC & ETH do seem high lol”.
Bitcoin reached a new height on last weekend whereby “extending a two-month rally” just a day after bitcoin’s “market capitalization exceeded $1 trillion”. Ethereum follows bitcoin in the second rank in the cryptocurrency list “by market capitalization and daily volume”. While Reuters also added:
“Musk, an ardent proponent of digital currencies, has defended Tesla’s recent purchase of $1.5 billion of bitcoin, which has ignited mainstream interest in the digital currency”.
References:
reuters.com
It is known that the recent Tweets by Tesla C.E.O have powered the “digital-currency rally”. The said remark came from the billionaire as a reply to a user who claimed gold being better than “bitcoin and conventional cash”.
Earlier, Musk had stated that for him “holding Bitcoin” for an “S&P 500 company” seemed “adventurous”. In his tweet he had said:
“Money is just data that allows us to avoid the inconvenience of barter ...”
“That said, BTC & ETH do seem high lol”.
Bitcoin reached a new height on last weekend whereby “extending a two-month rally” just a day after bitcoin’s “market capitalization exceeded $1 trillion”. Ethereum follows bitcoin in the second rank in the cryptocurrency list “by market capitalization and daily volume”. While Reuters also added:
“Musk, an ardent proponent of digital currencies, has defended Tesla’s recent purchase of $1.5 billion of bitcoin, which has ignited mainstream interest in the digital currency”.
References:
reuters.com
