The Tesla CEO's lively chat with MicroStrategy's Michael Saylor on Twitter generated thousands of retweets.
Is Elon Musk considering changing the dollars in Tesla’s bank account to crypto?
An intriguing Twitter discussion erupted between Musk and Michael Saylor over the course of the weekend.
“If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor."
Musk replied — asking whether it was even possible to complete such a large transaction. Saylor added:
“Yes. I have purchased over $1.3 billion in #BTC in past months & would be happy to share my playbook with you offline - from one rocket scientist to another.”
“When @elonmusk puts the $TSLA balance sheet into #Bitcoin, we'll have to change the BTC rallying cry from ‘to the moon!’ to ‘to Mars!’”
Of course, cynics weren’t far away. Crypto skeptic Peter Schiff waded in, writing:
“If you really are considering risking shareholder funds on #Bitcoin, I would be happy to volunteer to debate Saylor in front of your board so that a more informed decision can be made.”