Elon Musk Says Tesla Likely to Accept Bitcoin Again

Business

Gizmodo 22 July, 2021 - 05:35am 29 views

Does Elon Musk own ethereum?

Musk also revealed he personally owns Ethereum, sending the price of the Bitcoin rival past $2,000, as well as Dogecoin, the meme cryptocurrency he has taken a particular interest in in recent months. ForbesElon Musk Still A Bitcoin ‘Supporter’: ‘I Own Bitcoin, Tesla Owns Bitcoin, SpaceX Owns Bitcoin’

The price of bitcoin surged over $32,000 after Musk’s announcement, an extremely predictable outcome anytime the billionaire comments on the world of fake digital money.

“If the price of bitcoin goes down, I lose money. I might pump, but I don’t dump,” the billionaire continued. “I definitely do not believe in getting the price high and selling or anything like that.”

Even just as an owner of Tesla stock and CEO of the company, Musk hypothetically stands to lose a lot of money if bitcoin’s price falls, since the car company revealed earlier this year that it had purchased $1.5 billion worth of the cryptocurrency.

Read full article at Gizmodo

How to watch Elon Musk at The B Word Bitcoin event today

CNET 21 July, 2021 - 10:49am

The B Word event "aims to demystify and destigmatize mainstream narratives about Bitcoin," according to an FAQ on the event's website. The free virtual event will mostly consist of prerecorded presentations, but the panel with Musk, Dorsey and Wood will be live. 

Bitcoin and other digital coins were initially intended to be decentralized digital currencies, but in recent years, they've become more of an investment. Prices can also be extremely volatile. Prior to the start of the coronavirus pandemic, Bitcoin's price was just below $9,000. It peaked in April, almost reaching $65,000.

The CEOs are speaking on a panel dubbed dubbed "Bitcoin As A Tool For Economic Empowerment," which will stream on July 21 at 11a.m. PT/ 2 p.m. ET. It will be moderated by Steve Lee, the head of Square Crypto.  

You can watch on The B Word event site

Other presentations kicked off at 9 a.m. PT/12 p.m. ET. The event is free but you may need to sign up with your email to access the presentations. 

The FAQ says recordings of the event will be available about one hour after airing and will also be posted to the Crypto Council for Innovation website in about a week. 

Stay in the know. Get the latest tech stories from CNET News every weekday.

Business Stories

Top Stores