Billionaire Elon Musk said on Monday bitcoin was “on the verge” of being more widely accepted among investors as he expressed his support for the cryptocurrency.
According to Reuters, the comments come after the Tesla Inc CEO’s use of a “#bitcoin” tag on his Twitter profile page led to a 14 per cent jump in the cryptocurrency on Friday.
“I am a supporter of bitcoin,” Musk said during his debut on the invitation-only social media app Clubhouse, a conversation that drew thousands of listeners.
“I think bitcoin is on the verge of getting broad acceptance by conventional finance people,” Elon Musk said, adding he should have bought it eight years ago.
“I was a little slow on the uptake… I do think at this point that bitcoin is a good thing.”
Bitcoin was up 2 per cent at $33,796 on Monday, having surged over 300 per cent in 2020.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
INEC Lists Five Challenges Ahead Of 2023 Elections
AS politicians step up horse-trading ahead of subsequent elections, the Independent National Electoral Commission (INEC) has listed five main areas of likely challenges…
Who Succeeds IGP Mohammed Adamu?
As the February retirement date of the incumbent Inspector General of Police (IGP), Mohammed Adamu draws near, there are varying permutations on who steps in as the new police boss. SUNDAY ADEPOJU writes on the suspense over the…
After Two Years, Daddy Freeze Apologises To Bishop Oyedepo
Daddy Freeze whose real name is Ifedayo Olarinde has apologised to Bishop Oyedepo who is the presiding bishop and founder of Living Faith Church aka Winners Chapel…