Elon Musk tweeted that Twitter seems to be tolerating most criticism directed at it, with the exception of one.
According to him, “being boring is not one of the sins this platform may have, whatever they may be.” Michael Saylor, a proponent of bitcoin and the CEO and inventor of MicroStrategy, responded with the tweet “Bitcoin is never Boring.”
“Relationship” between Musk and Bitcoin
Many different cryptocurrency aficionados pay close attention to Elon Musk’s tweets since it gives them an opportunity to stand out to the thousands of followers Musk has. A staggering 148.3 million people are Elon Musk’s following on Twitter.
Musk is one of the biggest DOGE holders and a well-known supporter of the original meme coin. His prior tweets, though, indicate that he also owns some Bitcoin and Ethereum.
Tesla, which is led by the tech pioneer, added $1.5 billion in Bitcoin to its financial sheet in early 2021. He also disclosed that Tesla will now take Bitcoin for its electric vehicles. However, a month or two later, the business ceased trading automobiles for bitcoin due to worries about the environment caused by proof-of-work mining.
Bitcoin hitting all-time high thanks to Musk
Despite Musk’s declaration that it would be done once Bitcoin mining becomes at least 50% based on renewable energy technology, the business liquidated its Bitcoin holdings over the course of the following two years and never resumed taking BTC. Michael Saylor claims that this level was attained back in 2021.
Additionally, as a result of Tesla, Bitcoin hit a new record high in April of that year, only to surpass it in October when it nearly touched $69,000 per Bitcoin.
MicroStrategy continues to add Bitcoin to its balance sheet in the interim with the goal of retaining it for a long period. According to U.Today, the business acquired a new cache of 12,333 BTC three weeks ago. The business paid about $347 million for it.
The business acquired 152,333 BTC for about $4.52 billion as of June 27.
