Tesla Founder Elon Musk calls Bitcoin his safe Word: Sparks Wild Speculation About Bitcoin Price

By: Mark Jessy

December 21, 2020 7:10 AM

Tesla Founder Elon musk calls bitcoin his safe Word, what does this mean for bitcoin,

The Tesla and SpaceX Founder/CEO Elon musk on 20th December calls Bitcoin his safe word in a recent tweet, which has made Bitcoin Twitter go crazy.

Michael Saylor Founder of MicroStrategy who is a prominent booster of digital currency also offered his assistance and shared his knowledge about Bitcoin with the Tesla Founder.

"If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC.  Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor" Micheal Saylor said.

When Tesla founder Elon Musk inquired if such Transactions where possible, Micheal was quick to address the point and tweeted saying:

"Yes.   I have purchased over $1.3 billion in #BTC in past months & would be happy to share my playbook with you offline - from one rocket scientist to another".

This is welcomed news for Crypto 2021 if Elon musk is convinced to switch some of Tesla balance sheet into Bitcoin, Experts predict other major industry giants would follow suit which could take Bitcoin to a New all-time high(ATH) breaking if current record of $24,000.