Tesla CEO Elon Musk said on Thursday he owned Bitcoin, Dogecoin and Ethereum. Musk said Tesla and SpaceX also own bitcoin. Musk was speaking with Twitter CEO Jack Dorsey and Arch Invest CEO Cathie Wood at the Bitcoin event “The B word. “
If the price of bitcoin goes down, I lose money. I can pump but I do not throw ”, said Elon Musk. “I certainly don’t believe in increasing the price and selling or anything like that. I want to see bitcoin succeed. Musk also clarified that he had “a lot more” bitcoin than Dogecoin or Ether.
Elon Musk also said: “I do not sell any bitcoin, nor SpaceX or Tesla. Outside of Tesla and SpaceX stocks, this is my biggest stake.
Musk also clarified that Tesla will start accepting bitcoin again as a due diligence payment on the amount of renewable energy used to mine digital currency at “The B Word” conference.
“The most likely answer is that Tesla will start accepting bitcoin again,” Musk said.
Musk said: “I wanted a little more diligence to confirm that the percentage of renewable energy use is 50% or more, and there is a tendency for that number to go up, and if that’s the case, Tesla will accept bitcoin again. “Go start,” Musk said.
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Cathie Wood of Ark Investment Management called bitcoin a “deflationary hedge”.
According to CoinDesk, the price of bitcoin rose 8% to $ 32,800, while Ethereum, the coin linked to the Ethereum blockchain, rose to $ 2,000. Dogecoin, on the other hand, gained more than 8% to $ 0.21. Other digital coins like XRP, Cardano, Uniswap have also jumped 8-15% in the past 24 hours.
The bitcoin discussion focused on how bitcoin was viewed by the general public.