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Bitcoin: Elon Musk's mind games about Tesla's company assets

2020-12-21T09:14:01.360Z


Elon Musk always causes a stir with his Twitter messages. Now he has pondered with Microstrategy boss Michael Saylor about converting Tesla's company assets into Bitcoin.


Icon: enlarge

Elon Musk:

The Tesla boss knows how to keep talking.

He is currently delighting the growing number of Bitcoin fans with his tweets

Photo: ODD ANDERSEN / AFP

Tesla boss

Elon Musk

(49) is fueling the current hype about the crypto currency Bitcoin.

Musk asked about the possibility of converting the company assets of the electric car manufacturer from dollars into Bitcoin, as an exchange between Musk and

Michael Saylor

(55), CEO of the software manufacturer Microstrategy, revealed on the short message service Twitter.

"If you want to do your shareholders a favor of 100 billion dollars, convert Tesla's balance sheet from dollars to Bitcoin," Saylor suggested to the entrepreneur in a tweet - knowing full well that a possible exchange with Musk on the subject of Bitcoin The run of speculative investors is likely to increase again.

Musk would send a "strong signal" to companies in the S&P 500, says Saylor - and to his greatest satisfaction even got a response from Musk.

When Musk asked whether transactions of this magnitude were even possible, Saylor replied that he had bought over $ 1.3 billion in Bitcoin in the past few months.

Neither Tesla nor Musk could be reached for comment.

Meanwhile, the Bitcoin price temporarily climbed above the $ 24,000 mark on Sunday.

Bitcoin has seen an impressive soaring in recent months.

Bitcoin's value has increased almost fivefold since March when it hit the low of $ 5,000.

In the past week alone, the price increased by around a fifth.

On Sunday, the digital currency cost more than $ 24,000 for the first time.

Bitcoin, however, is very prone to fluctuations.

Critics see this as the main reason why digital money is unsuitable both as a means of payment and as an investment.

mg / Reuters

Source: spiegel

All news articles on 2020-12-21

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