#BTC☀ #loElon Musk, the billionaire chief executive of Tesla, has mostly steered clear of bitcoin and crypto comments following the bitcoin price crash in 2022 (even as fellow billionaire Mark Cuban makes a "crazy" bitcoin price prediction).Elon Musk Suddenly Breaks His Silence On Bitcoin After Issuing A Shock U.S. Dollar ‘Destruction’ Warning That Could Trigger A Crypto Price Boom
Elon Musk Suddenly Breaks His Silence On Bitcoin After Issuing A Shock U.S. Dollar ‘Destruction’ Warning That Could Trigger A Crypto Price Boom
Billy Bambrough
Senior Contributor
I write about how bitcoin, crypto and blockchain can change the world.
Elon Musk, the billionaire chief executive of Tesla, has mostly steered clear of bitcoin and crypto comments following the bitcoin price crash in 2022 (even as fellow billionaire Mark Cuban makes a "crazy" bitcoin price prediction).
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The bitcoin price has however surged back, topping its late 2021 peak and climbing over $70,000 per bitcoin as Wall Street adoption and Donald Trump's crypto conversion powering the market higher.
Now, after Musk issued a shock warning over the future of the U.S. dollar, the fickle billionaire has broken his long silence on bitcoin, saying he sees "some merit" in it.
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"I do think there's some merit in bitcoin, and maybe some other crypto," Musk said during an interview broadcast on YouTube. "I've sort of got a soft spot for [the meme-based bitcoin rival] dogecoin because I like dogs and memes," Musk added.