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Elon Musk predicts that Bitcoin will be widely adopted in finance as well

Elon Musk predicts that Bitcoin will be widely adopted in finance as well

After turning on the enthusiasm on the price of Bitcoins, Elon Musk he declares his interest in this cryptocurrency more openly and therefore increasingly evident Bitcoin evolution. According to the American tycoon, the virtual cryptocurrency is about to be accepted more widely in the finance sector.

Elon Musk, in fact, would have sparked the euphoria in the Bitcoin market. How? Through a simple mention of the cryptocurrency on its Twitter profile which has nearly 44 million followers. The billionaire and head of Tesla, therefore, in recent days went into more detail on his position in the field of crypto assets.

Elon Musk, a Bitcoin “supporter”

“I think Bitcoin is a good thing,” he says unequivocally. However, his interest remains very concentrated. Musk adds that he does not have “a firm opinion on other cryptocurrencies”.

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As for the first option of cryptocurrencies, the entrepreneur therefore presents himself as his own “supporter”. As such, it acknowledges that showing late support. However, the tycoon still considers, “Bitcoin is on the verge of being widely accepted by people in traditional finance”.

A market influencer

Elon Musk was unaware of this, but he also plans to be more careful in the future. “I have to be careful what I say. This can affect the market, ”he admits. After this episode, the price of Bitcoin returned to its initial level.

Undoubtedly aware of this power – and its possible legal consequences – the billionaire has announced that he is taking a break from Twitter. “No more tweets, for a while,” he tweeted without further explanation. Driven by the success of his companies Tesla And SpaceX, as well as his interest in electric cars and the rockets they produce, he is considered by many fans to be a visionary and his slightest speech seems to have an effect on some investors.

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Tesla CEO he does not ignore the consequences of his statements on the value of cryptocurrencies. His Twitter messages, he claims, however, are not meant to be vehicles of particular meanings but have the effect of raising the token. So, in recent days, this has also been the case with the soaring Bitcoin.

Photo by Viktor Forgacs on Unsplash