Few days ago, we reported that Elon Musk, the founder of Tesla made a positive comment about bitcoin, where he was reported to have said “Paper money is going away and crypto is a far better way to transfer values than a piece of paper, that’s for sure”.
And he also stated that he had only 0.25 BTC which was a gift from a friend. These statements go a long way in determining popular opinion of cryptocurrency as Musk is an authority in the business world, hence, what he says matters.
In a recent cryptic tweet, the billionaire said, “whoever owns the early BTC deserves a Nobel prize in delayed gratification”. He was referencing how it has been 10 years since Bitcoin’s creation and there still hasn’t been large-scale adoption. He also highlighted the negatives of cryptocurrencies saying that “one of the downsides of crypto is that, computationally, it’s quite energy intensive”.
He’s not the only business mogul who has praised bitcoin recently. CEO of Twitter, Jack, recently gave positive reviews for bitcoin too. The fact that leaders of giant tech establishments are beginning to give positive comments on bitcoin means that general adoption of bitcoin is on gradually, and it won’t be long before bitcoin is adopted for official use in most of these businesses.