Value Talk with Kalkine - Are you betting big on Crypto like Elon Musk?

  • February 15, 2021 06:04 PM AEDT
  • Team Kalkine
    Team Kalkine
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    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

Elon Reeve Musk, the founder and chief executive officer of Tesla Inc (US: TSLA or NASDAQ: TSLA), has been actively tweeting on cryptocurrency since the beginning of this year, expressing his love for the crypto market. His posts have contributed to the ongoing rally, helping bitcoin hit an all-time high. But earlier, he had mixed feelings for the most popular virtual currency, Bitcoin. In 2019, Mr. Musk articulated that Bitcoin's structure was magnificent, but it was not a right fit for Tesla.

With Tesla set to accept payments in bitcoin, it would not be surprising to witness the crypto hit US$ 1 trillion in market cap. Interestingly, Tesla’s market cap, currently standing at US$ 818.5 billion, is also heading towards a one-trillion milestone.


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