🔥😱 Elon Musk discussed Bitcoin in a space broadcast following the approval of Bitcoin ETF applications by the US SEC.
During the conversation with Cathie Wood, Musk expressed openness to using Bitcoin in certain contexts but emphasized limited focus on it. Musk mentioned having significant holdings of Dogecoin and revealed that Tesla sold Bitcoins due to capital needs and concerns about energy use, particularly China's coal-based mining facilities.
Despite likening Bitcoin to gold, Musk noted it's not sufficient for payments. The market responded positively, with Bitcoin rising to $47,695 from $46,700 after Musk's statement about considering Bitcoin use. Traders anticipate the impact of ETFs opening for trading tomorrow.
