Tesla CEO Elon Musk said that he has some Bitcoin, Dogecoin, and Ethereum. After his statement, the price of Ethereum jumped by about 12 percent, while the price of bitcoin jumped 8 percent.
The world of cryptocurrencies is shaken by a tweet by Elon Musk, the world's second-largest rich and CEO of Tesla's electric car company. But do they themselves have any cryptocurrency? Musk disclosed this on Wednesday. He said that he has some Bitcoin, Dogecoin, and Ethereum. Tesla CEO Elon Musk said that he has some Bitcoin, Dogecoin, and Ethereum. After his statement, the price of Ethereum jumped by about 12 percent, while the price of bitcoin jumped 8 percent.
Musk said this at the B-Word conference organized by the Crypto Council for Innovation. He said he wants to hold bitcoin for a long time. Musk said I would be at a loss if the price of bitcoin fell. I can put more money into it but can't leave it. I don't believe in selling things when the price goes up. I want to see bitcoin succeed.
Price Jump
After Musk's statement, the price of Ethereum jumped about 12 percent, while the price of Bitcoin jumped 8 percent. He said that his companies Tesla and SpaceX hold bitcoin and other cryptocurrencies. Musk also said that Tesla may start accepting bitcoin again to pay for its cars. However, he also emphasized the environmental concerns associated with cryptocurrencies. He said that crypto, especially bitcoin, uses a lot of energy and is not good for the environment.
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