Elon Musk: Bitcoin and Ethereum Prices Look High - News-Credit-Mortgage-Coin


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Saturday, February 20, 2021

Elon Musk: Bitcoin and Ethereum Prices Look High

Tesla and SpaceX CEO Elon Musk, who fueled the cryptocurrency rally with their tweets, responded to a follower who said that gold is better than both Bitcoin and cash, and made a remarkable statement about cryptocurrencies. The wealthiest name in the world said Bitcoin and Ethereum prices seemed high at a time when cryptocurrencies hit record highs and Bitcoin crossed the $ 1 trillion market cap threshold.

Stating that he found the possibility of holding Bitcoin for an S&P 500 company adventurous earlier in the week, Musk said in a reply to one of his followers: "[...] Money is data that allows us to avoid the inconvenience of the exchange ... However, BTC and ETH seem high." said.

Bitcoin, the world's largest cryptocurrency, reached a new high in the Asian session early Saturday, and the digital currency's market cap exceeded $ 1 trillion. The market cap and daily volume of the largest altcoin Ether also hit a record high. A strong proponent of digital currencies, Musk's defense of Tesla's $ 1.5 billion Bitcoin purchase this month has fueled interest in cryptocurrencies.

Elon Musk Bitcoin
Elon Musk: Bitcoin and Ethereum Prices Look High

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