Elon Musk Tesla Chief Executive Officer. Reuters = Yonhap News
Elon Musk, Tesla’s CEO, who sparked the bitcoin craze, expressed an opinion that’the price of bitcoin is high.’
On the 20th (local time), Musk commented on the Twitter post of Bitcoin skeptics and financial investment advocate Peter Seef. In a post that Seef said, “Gold is better than Bitcoin and cash.” In a comment on this, Musk replied, “Money is only data that avoids the inconvenience of bartering,” he said.
Reuters reported that “Musk made a statement when the market capitalization of Bitcoin exceeded 1 trillion dollars (about 1,100 trillion won).” Insider, an economic media outlet, also said, “Musk admitted that the price of Bitcoin and Ethereum is high.”
In fact, Bitcoin has soared 350% over the past six months, with a bullish trend. In February, it rose by 64%, and on the 19th, the market cap exceeded $1 trillion for the first time ever.
Musk also lit fire several times in such a fever. He also said on the 2nd, “I’m a Bitcoin supporter.” After that, Tesla announced the purchase of $1.5 billion worth of bitcoin on the 8th and fueled the rally that ignited.
Musk also said on the 19th, “Bitcoin holdings are less stupid than cash.”
Reporter Jang Joo-young [email protected]