Podcasts Technology Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News 469: ELON MUSK SAYS HE’S A SUPPORTER OF BITCOIN AND IT’S A GOOD THING!! $90K BTC TARGET BY APRIL/MAY!!

469: ELON MUSK SAYS HE’S A SUPPORTER OF BITCOIN AND IT’S A GOOD THING!! $90K BTC TARGET BY APRIL/MAY!!

Published: Feb. 1, 2021, 3:50 p.m.

Bitcoin (BTC) is on the verge of seeing broader acceptance, Elon Musk, the CEO of Tesla, said in a Clubhouse conversation on Feb. 1.

Clubhouse is an exclusive audio chat social media platform that is invite-only. Members can join various conversations, akin to an online private conference.

During the conversation with Andressen Horowitz and other prominent investors, Musk was asked about his thoughts on Bitcoin. On Jan. 29, Musk put the word “Bitcoin” in his Twitter bio, causing the price of BTC to rally by more than 14% in 30 minutes.

After the occurrence, Bitcoin investors and enthusiasts were highly anticipating positive comments about crypto, in general, from Musk. When asked about Bitcoin, Musk said according to industry executives who were able to listen to the chat:

"I do think Bitcoin is a good thing. I'm a supporter of Bitcoin. I think Bitcoin is on the verge of getting broad acceptance by conventional finance."

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