Bitcoin

April

Elon Musk

<html>
 <head></head>
 <body>
 <figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
 </figure> 
 Elon Musk has posted a tweet about Twitter accepting, it seems, various forms of criticism regarding it&nbsp;— except one. 
 He stated that "whatever sins this platform may have, being boring is not one of them." <a href="https://u.today/heres-how-many-bitcoins-are-now-lost-forever-intotheblock" rel="noopener noreferrer nofollow">Bitcoin</a> advocate, head and founder of MicroStrategy Michael Saylor tweeted in response that "Bitcoin is never Boring." 
 <blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is never Boring.— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1680930128732233730?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 17, 2023</a> 
 </blockquote> 
 <h2 id="relationship-between-musk-and-bitcoin">"Relationship" between Musk and Bitcoin</h2> 
 Elon Musk's tweets often attract the attention of various crypto enthusiasts because it is a good chance to make themselves visible to the masses of people who read Musk's tweets. The total count of <a href="https://u.today/elon-musks-new-tweet-triggers-explosive-dogecoin-doge-pump" rel="noopener noreferrer nofollow">Elon Musk</a>'s followers on Twitter stands at a whopping 148.3 million. 
 Musk is a well-known fan of the original meme coin DOGE and one of the largest holders of it. However, according to his earlier tweets, he also holds Bitcoin and some Ethereum. 
 In early 2021, Tesla, which is spearheaded by the tech innovator, put $1.5 billion worth of Bitcoin on its balance sheet. Also, he announced that Tesla would be accepting BTC for its e-cars. However, later on, after a month or so, the company stopped selling cars for Bitcoin over environmental concerns related to proof-of-work mining. 
 <a href="https://u.today/rich-dad-poor-dad-author-expects-stock-market-to-collapse-sees-depression-coming" rel="noopener noreferrer nofollow">card</a> 
 <h2 id="bitcoin-hitting-all-time-high-thanks-to-musk">Bitcoin hitting all-time high thanks to Musk</h2> 
 Over the next two years, the company sold its Bitcoin holdings and never resumed accepting BTC, despite Musk's statement that it would be done once BTC mining becomes at least 50% based on green energy technologies. This level was reached, according to Michael Saylor, back in 2021. 
 Also, thanks to Tesla, Bitcoin reached a new all-time high in April of that year but then surpassed it in October, reaching almost $69,000 per Bitcoin. 
 In the meantime, MicroStrategy continues to add Bitcoin to its balance sheet with the intention of long-term holding. As reported by U.Today, three weeks ago, <a href="https://u.today/microstrategy-buys-12333-bitcoin-local-top-for-btc-price" rel="noopener noreferrer nofollow">the company purchased</a> another stash of 12,333 BTC. It cost the company approximately $347 million. 
 As of June 27, the company owns 152,333 BTC that it bought for roughly $4.52 billion.
 </body>
</html>

Elon Musk's New Tweet Gets Unexpected 'Bitcoin Response' From Michael Saylor: Details

Table of Contents

U_Today

Other articles published on Jul 17, 2023

Bullish for Bitcoin: BTC Decouples from Traditional Finance as Wallets Holding 1+ Coins Hit All-T...

Bitcoin, Altcoins Accumulating But DigiToads is Surpassing Expectations. Here’s Why

Uniswap Debuts $GOLDEN, A New ERC-20 Token — Peaks at $0.00000000001955

DeSantis Will Ban CBDC If He Elected As US President in 2024

XRP Surpasses BTC in Trading Volume, Surging to the Highest Levels

Unstoppable Domains and Ethereum Name Service Join Forces, Brings .eth Domain Services

Join our free newsletter for daily crypto updates!