INX Limited CMO Douglas Borthwick argues bitcoin will continue to rebound following its pullback.
Just days after Elon Musk added #bitcoin to his Twitter bio, a move that caused the price of the cryptocurrency to briefly surge around 20% on Friday, the Tesla boss confirmed that he is a supporter of bitcoin.
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“I do at this point think bitcoin is a good thing, and I am a supporter of bitcoin,” Musk said when asked about his thoughts on cryptocurrencies during a live-streamed interview on the popular audio chat app Club House on Sunday. “Many friends of mine have tried to convince me to get involved in bitcoin for a long time.”
Musk added. “I think bitcoin is really on the verge of getting broad acceptance by conventional finance people.”
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Musk explained that one friend offered him a slice of "bitcoin cake" in 2013.