Bitcoin on Verge of Becoming a Mainstream Currency, Says Elon Musk

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Elon Musk, SpaceX and Tesla CEO, said in his interview on The Good Time Show via the Clubhouse app that he supports Bitcoin, calling it “a good thing.” 

“Many friends of mine have tried to convince me to get involved in bitcoin for a long time … I was a little slow on the uptake.”

During his interview with The Good Time Show, Elon restrained from commenting about Bitcoin when the interviewer asked for a comment on Bitcoin. He said: 

“I’ve got to watch what I say here because some of these things can move the markets.”

Reportedly disappointed about him being late to enter the world of Bitcoin, he recalled eating a slice of a Bitcoin cake eight years ago. Elon believes that he should have bought some bitcoins then, saying: “I at least should have bought some bitcoin eight years ago.” 

Musk strongly believes that Bitcoin is in a very good position today, as it is almost on the verge of being accepted to the mainstream financial world by the conventional financial industry. Replying to the interviewer’s request for comment on other cryptocurrencies, Musk said: “I don’t have a strong opinion on other cryptocurrencies.”

Elon Musk on Dogecoin

When it comes to Dogecoin, Musk said that he regularly jokes about Dogecoin and people should take it for what it is – A joke, pointing to the very reason for which Dogecoins were created, making fun of cryptocurrencies. 

“Occasionally, I make jokes about dogecoin but they are meant to be jokes. Dogecoin was made as a joke to make fun of cryptocurrencies. Obviously.”

Adding to his statements on Dogecoin, Musk said that irony is favored by fate, and oftentimes, an entertaining outcome is more likely to become a reality. He stressed that there is a strong possibility of Dogecoin becoming the de-facto currency of earth in the future.

Known for speaking his mind without mincing any words, Musk made a strong statement against Robinhood’s imposed restrictions on the trading of popular stocks including Gamestop. 

Elon Strongly Supports Crypto Space

With Elon’s outgoing support for both Bitcoin & Dogecoin, we will see a further increase in the prices of these cryptocurrencies. From what we know about Musk, he deeply admires cryptocurrencies and will keep on making strong statements in support of cryptocurrencies. 2021 will create new records for almost all major cryptocurrencies, catapulting the crypto world to new heights. 

There are some rumors about Musk owning the mysterious Dogecoin address that holds more than 27% of Dogecoin’s entire supply. If this is true, be ready for the explosion in the prices of Dogecoin. If you want to read more about it, you can read the article that Team Hashant has already written on it. 

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