Musk’s quirk “If you don’t buy bitcoins, it’s a bit expensive”



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Elon Musk, the founder of Tesla, gives a press conference on SpaceX on the 9th. © Reuters = News1 © News1 Reporter Park Hyung-ki

“Bitcoin seems a bit expensive” in “If you don’t buy bitcoin”,

Elon Musk Tesla CEO, who ignited the bitcoin investment craze, saying, “If you don’t buy bitcoin, you’re a fool,” said on 20 (local time) that the price of bitcoins is suddenly high.

◇ “Bitcoin-Ethereum is a bit expensive” Musk admitted via Twitter that “the price of Bitcoin and Ethereum is expensive.” This is a comment by leaving a reply to a tweet from Euro Pacific Capital CEO Peter Seef, a Bitcoin pessimist and gold advocate.

Seef said: “I think the bitcoin digital currency is much more crappy than the central bank issued documents,” he said. “Gold is not bullshit.”

Then Musk said: “Money is just data that allows us to avoid the inconvenience of bartering, and this data, like all other data, can be subject to delay and error.” He immediately wrote in the following tweet: “Bitcoin and Ethereum prices seem a bit high haha.”

Musk’s comments are unusual in that he is the one who fueled the bitcoin rally by pouring out the bitcoin defense so far.

The day before, the 19th, Musk said that Tesla’s decision to invest in bitcoin was justified, referring to those who don’t invest in bitcoin as “ stupid. ”

Musk tweeted: “When the real interest rate on fiat currency is negative, the only one who doesn’t look at the alternative is stupid.”

◇ Get Billion Dollars from Tesla Bitcoin Investment In fact, Tesla is estimated to have made $ 1 billion in less than a month from its investment in Bitcoin, which is more than total car sales last year, CBS Market Watch reported on the 21st.

Tesla Model x © Reuters = News1 © News1 Reporter Soo Young Su

Tesla announced on the 8th that it had bought $ 1.5 billion worth of Bitcoin. After that, Bitcoin continued to recover.

In particular, on the 21st, Bitcoin surpassed $ 57,000 per coin, and its market capitalization exceeded $ 1 trillion. As a result, CBS Market Watch estimates that Tesla would have made a valuation gain of $ 1 billion in less than a month.

This is more than Tesla’s net profit from car sales last year. Last year, Tesla made a net profit of $ 721 million from the sales of electric vehicles.

◇ Bitcoin exceeded $ 58,000, and the record : Bitcoin continued to rise on the 22nd, breaking even the $ 58,000 mark.

© News1 DB

According to CoinMarketCap from the US, which broadcasts the cryptocurrency market, Bitcoin recorded $ 58,330 at 4am (Korean time) on the 22nd, again breaking an all-time high. Since then, bitcoin has been slightly pushed, but at 6:30 a.m. on the day, it is recording $ 57,639, up 2% from 24 hours ago.

As a result, Bitcoin increased 20% weekly and 100% weekly.

The reason for the recent rise in bitcoin is that bitcoin is considered a substitute for gold due to inflationary fears, and both institutions and individuals are eager to buy.

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