Elon Musk rocked the market with his comments about bitcoin

The founder of Tesla and SpaceX, Elon Musk, answered questions from users of the Clubhouse app this morning, including his attitude towards Bitcoin.

“A lot of friends tried to convince me to get into bitcoin. In this situation, I really think bitcoin is a good thing. I am a bitcoin supporter. I came late, but I am a supporter. Bitcoin is on the cusp of wider adoption among people in traditional finance, ”he said.

Last week, Musk included the word “bitcoin” in his Twitter profile. Soon, the cryptocurrency rose by 20%, but quickly lost all gain. Answering questions today, Musk noted that his statements can cause the markets to move, so he will pay more attention to the words.

At the same time, he admitted that he had no particular opinion about other cryptocurrencies.

“I’m joking about Dogecoin, but it’s just a joke. Dogecoin was meant to be a joke to make fun of cryptocurrencies. But fate loves irony. The most ironic outcome and the funniest outcome is the most likely. The most ironic and funniest outcome for Dogecoin is if it becomes the world’s currency in the future, ”Musk added.

Musk, however, was unable to avoid the impact on the market. Bitcoin began to rise after choosing a question about it, however, in the course of the answer, it went down and fell below its previous levels. Probably, this is how the market reacted to the unjustified expectations of its participants, who expected that Musk would touch upon speculations about the inclusion of bitcoin in Tesla’s reserves or talk about his personal savings in cryptocurrency.

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