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Elon Musk Sees 'Broad Acceptance' For Bitcoin

Elon Musk. Source: A video screenshot, Youtube, Bloomberg. Bitcoin (BTC) is on the verge of getting a broad acceptance by the "conventional finance people," the world's richest person, Tesla's Elon Musk said during an interview on Clubhouse, an invitation-only...

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Elon Musk Sees 'Broad Acceptance' For Bitcoin 101

Elon Musk. Source: A video screenshot, Youtube, Bloomberg.

Bitcoin (BTC) is on the verge of getting a broad acceptance by the "conventional finance people," the world's richest person, Tesla's Elon Musk said during an interview on Clubhouse, an invitation-only audio-chat social networking app, today.

Musk said he must be careful when talking about cryptocurrencies because his words could move the market. He also added that he doesn't have "strong opinions on other cryptocurrencies."

At pixel time (07:22 UTC), BTC trades at USD 33,561 and is unchanged in a day.

As reported, this past Friday, Musk added "#Bitcoin" to his profile on Twitter, later commenting: “In retrospect, it was inevitable”. Following the news, BTC rallied to more than USD 38,400, before it corrected below USD 33,000 again.