Bitcoin BTCUSD,
the fierce rally once again draws the attention of investors of all walks of life, including Elon Musk, who on Sunday asked about the possibility of converting TSLA Tesla’s “big deals”,
cryptocurrency balance.
It all started when Musk posted on Twitter a provocative meme about the attraction of bitcoin. As comments, appreciations and retweets accumulated, Michael Saylor, Executive Director of Microstrategy MSTR,
and a big bitcoin fan, he joined the discussion with an idea that caught Musk’s attention.
“If you want to give shareholders a $ 100 billion favor, convert the TSLA balance sheet from USD to # BTC,” Saylor said. „Other companies on the S&P 500 SPX,
it would follow in your footsteps and grow over time to become a $ 1 trillion favor. ”
Musk then replied by asking, “Are such large transactions possible?” Saylor was just one of the few bitcoin supporters who assured him they were.
“I’ve bought over $ 1.3 billion in #BTC in the last few months and I’d be happy to share your manual with you offline – from one rocket scientist to another,” Saylor said. Last week, he spoke in more detail about the idea of corporations making the move to convert their cash pilots to bitcoin:
While bitcoin fans loved the discussion, there were many others, including Euro Pacific Capital CEO Peter Schiff, who dismissed it as a joke:
Meanwhile, bitcoin continues to move deeper into unexplored territory, crossing the $ 24,000 mark for the first time on Sunday.