Elon Musk says the cryptocurrency is a 'good thing'

Published: Feb. 3, 2021, 1:30 p.m.

b'Tesla CEO Elon Musk\'s latest comment on the Bitcoin has led to a jump in its price on February 1. Musk said that he was a \'supporter\' of the cryptocurrency and that sent the bitcoin stocks flying. Musk has also changed his Twitter bio to \'#bitcoin\'. Now in a chat on social media app Clubhouse, Musk said that "Bitcoin is a good thing" and added that he was "late to the party" in backing the world\'s biggest cryptocurrency. He also said that Bitcoin is on the verge of getting broader acceptance by conventional finance people and further clarified that he did not have a \'strong opinion\' on other cryptocurrencies. Following his comments, Twitter users reported a jump in Bitcoin price again. Those who were tuned in to listen to what Musk had to say about bitcoin. moved to the micro-blogging website to amplify his thoughts on the platform. Here are some the trending tweets;'