Elon Musk, The World’s Richest Man, Wants To Be Paid In Bitcoin

Elon Musk, The World’s Richest Man, Wants To Be Paid In Bitcoin

Elon Musk , the billionaire founder of Tesla TSLA and SpaceX and who has just become the world’s richest man, has said he would never turn down being paid in the soaring cryptocurrency bitcoin .
Responding to a tweet by Ben Mezrich, the author behind the movie The Social Network and writer of Bitcoin Billionaires , that read “I’m never turning down getting paid in bitcoin again,” Musk replied : “Me neither.”
MORE FROM FORBES As Bitcoin Smashes Through $40,000, Data Reveals What’s Behind The Huge 2021 Bitcoin Price Boom By Billy Bambrough Musk, who’s ridden Tesla’s soaring share price to the top of the world’s rich lists over the last year, is known to be a fan of bitcoin, regularly tweeting about it and other cryptocurrencies ( though often in a tongue-in-cheek way ).
With the bitcoin price reaching never-before-seen highs over the last month , bitcoin and similar digital currencies have returned to the forefront of global consciousness for the first time since bitcoin’s 2017 boom and subsequent bust.
MORE FOR YOU Donald Trump’s Former Comms Director Made A Shock $310 Million Bitcoin Bet As The Price Soars Ethereum Cofounder Reveals ‘Underrated’ Bitcoin And Crypto Bull Case Amid Massive Price Rally OCC Regulator Implements Groundbreaking Cryptocurrency Guidance For Banks And The Future Of Payments The value of the combined bitcoin and cryptocurrency market has now surged to over $1 trillion . The bitcoin price smashed through $40,000 per bitcoin this week , with the total value of the world’s biggest cryptocurrency passing $750 billion—and pushing bitcoin up the charts of largest global assets .
The bitcoin price, after suffering through a three-year bear market, began to rally in October— breaking into fresh territory last month as a wave of big-name investors named bitcoin as a potential hedge against inflation .
MORE FROM FORBES Why Bitcoin Believers Could Be Proved Right In 2021 As The Bitcoin Price Continues To Climb By Billy Bambrough In December, Musk sparked wild speculation his electric car company could add bitcoin to its balance sheet during a public exchange on Twitter.
Musk, responding to the chief executive of MicroStrategy MSTR MSTR , a business intelligence company that has attracted significant attention in recent months by buying over $1 billion worth of bitcoin, asked whether it was possible to convert billions of Tesla’s dollars to bitcoin.
A week later, Musk, who wants to make a manned mission to Mars a reality in just a few short years, tweeted a future Mars economy could be based on cryptocurrency , such as bitcoin.
Billy Bambrough
I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported
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I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com. Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

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