Elon Musk
Photographer: Liesa Johannssen-Koppitz / Bloomberg
Photographer: Liesa Johannssen-Koppitz / Bloomberg
Elon Musk asked about “big deals” of Tesla Inc.’s balance sheet. converted to Bitcoin in a Twitter exchange by Michael Saylor, a notable rise of the digital currency.
In a series of tweets, Saylor, chief executive of Microstrategy Inc., encouraged the billionaire to divert U.S. dollars from electricity-car manufacturer to Bitcoin and “make your shareholders a $ 100 billion favor. ”
“Other companies on the S&P 500 would follow suit & over time it would grow in favor of $ 1 trillion,” Saylor said in his tweet on Sunday.
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The exchange came after Musk posted an image revealing that he has been deceived by Bitcoin, which has tripled in value this year.
“Is it even possible to do great things?” Musk tweeted in response to Saylor. Many people assured him that they, in addition to Saylor, said he bought more than $ 1.3 billion in Bitcoin and offered to share his “playbook” offline.
Bitcoin’s rise to record highs on investors is racing to be open to the rally – even though it means paying a high mark. As the largest cryptocurrency appeared above $ 23,000 for the first time this week, the price mania pushed the Bitwise 10 Crypto Index Fund as much as 650% above the value of its holdings, according to data compiled by Bloomberg.
Tesla, which had planned to start trading as a member of the S&P 500 index on Monday, had an eightfold rise this year. The gains controlled Musk’s own fortunes after he added $ 140 billion to his net worth of $ 167 billion, making him the second richest man in the world, according to the Index Bloomberg Billionaires.
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– Supported by Joanna Ossinger