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- Elon Musk posted on Twitter a bold photo on Sunday suggesting he is tempted by bitcoin.
- Michael Saylor, who suggested Musk convert the Tesla balance sheet from US dollars into bitcoin.
- “Are even such large transactions possible?” asked CEO Tesla in a subsequent investigation. Saylor said I was.
- The exchange followed a week of new recordings for bitcoin. The cryptocurrency surpassed $ 20,000 for the first time last Wednesday and rose briefly to over $ 24,000 on Saturday.
- Musk also wrote on Twitter about Dogecoin, a parody cryptocurrency that jumped 20% after his meditations.
- Go to the Business Insider homepage for more stories.
Elon Musk wondered about “big” bitcoin transactions during a Sunday exchange on Twitter with cryptocurrency recall Michael Saylor, founder and CEO of MicroStrategy.
It started back and forth when the CEO of Tesla posted on Twitter a bold meme suggesting that he is “trying to lead a normal productive life”, but is tempted by the currency, which has earned over 220% year-over-year.
Saylor responded by suggesting that Musk should offer shareholders a “$ 100 billion favor” and convert Tesla’s balance sheet from US dollars to bitcoin. Saylor raised the stakes when assessing how the move could impact other major corporations.
“Other companies on the S&P 500 would follow in your footsteps and grow over time to become a $ 1 trillion favor,” Saylor added.
Musk answered with a question, “Are even such large transactions possible?”
Saylor said I am and explained that he has bought over $ 1.3 billion in bitcoin in recent months and is “happy to share” his game with Musk offline.
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The Twitter exchange followed a week of new recordings for bitcoin. The cryptocurrency surpassed $ 20,000 for the first time last Wednesday and rose briefly to over $ 24,000 over the weekend.
Musk sent mixed messages about bitcoin to its 40 million followers on Sunday. Before the exchange with Saylor, he posted on Twitter “Bitcoin is my safe word,” but then he went on to say, “I’m kidding, who needs a safe word anyway !?”
Following Saylor’s conversation, Musk posted on Twitter: “Bitcoin is almost as good as fiat money” and then suggested to his followers that he is a fan of Dogecoin, a parody cryptocurrency.
“One word: Doge,” Musk posted on Twitter. The biography of the billionaire on Twitter now reads: “Former CEO of Dogecoin”.
Dogecoin shares rose nearly 20% after Musk’s tweet.
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