June 22, 2021

Speculations Run Rampant as Elon Musk Asks Michael Saylor About Bitcoin

3 min read

Needless to say, the tweets got incredible engagement as tens of countless people commented, liked, and retweeted the material.
Under one specific tweet, however, reacting was Michael Saylor, the CEO of MicroStrategy – – – – a NASDAQ-listed company that made headlines after it converted is cash balances to BTC a number of months back.
” If you want to do your investors a $100 billion favor, transform the TSLA balance sheet from USD to BTC. Other business on the S&P 500 would follow your lead & & & in time it would grow to end up being a $1 trillion favor.” – – – – Saylor told Musk.
Аs speculative as this may be, Musk responded, asking if such big offers are even possible. Saylor informed him that they are, discussing how he acquired over $1.3 billion in BTC in the past couple of months, offering his helping hand.
Now, this is where the conversation ends. In a current interview, Saylor shared another perspective on Tesla and other major business in regard to Bitcoin.
” If Tesla puts $1 billion dollars (in BTC) they will double their cash within 12 months. If youre a billionaire hedge fund male, you put a billion into Bitcoin, simply put it out on the wire and state you did it.”
Let The Comments Flow
All it drew from Musk was a few tweets to let loose the metaphorical “Kraken” of crypto Twitter. Countless replies, most of which attempting to encourage him of Bitcoins benefits strained the tweets.
Eager to provide his 2 cents, Peter Schiff similarly registered with the celebration. To no ones surprise, he called Bitcoin a pyramid scheme, essentially stating that Michael Saylor is a conman.
” Elon, dont succumb to this con. Michael, like all associated with the Bitcoin pyramid scheme, must hire new purchasers in the scheme to keep it going. Do leave Tesla shareholders holding the exact same bag as Microstrategy shareholders.”
A great deal of other prominent members of the neighborhood weighed in, while it appeared that Musk is here for the memes. Thats what he in truth stated.

– – Saylor informed Musk.
” If Tesla puts $1 billion dollars (in BTC) they will double their money within 12 months. If youre a billionaire hedge fund man, you put a billion into Bitcoin, just put it out on the wire and state you did it.”
Michael, like all involved in the Bitcoin pyramid plan, should hire brand-new buyers in the plan to keep it going. Do leave Tesla shareholders holding the specific same bag as Microstrategy shareholders.”

Elon Musk, the CEO of two of the most gone over company in the previous years, SpaceX and Tesla, is doing rounds with the cryptocurrency community today.
Earlier today, the high-ranked executive and multi-billionaire specified that Bitcoin is his safe word in a context that not a great deal of individuals understand. What followed was a heated conversation and lots of speculations stemming from lots of members of the cryptocurrency area.
Elon Musk Asks Michael Saylor About Bitcoin
Today has been a fascinating day on social networks for Bitcoin lovers. Elon Musk took it to his primary Twitter profile to share a few lines on the leading cryptocurrency, including a questionable meme.

Come for the remarks,
remain for the memes & #x 1f484;
— Elon Musk (@elonmusk) December 20, 2020

As for whether Tesla will jump on the Bitcoin bandwagon, it seems specifically improbable presently, if Musks view on BTC is any indication.
After all, he did also state that “Bitcoin is nearly as bs as fiat money.” Was he joking? Time will tell.
Included image courtesy of The Business Journal; The CEO Magazine.