Elon Musk’s evocative tweet leads to discussion about potential ‘$ 1-trillion favor’ for Tesla shareholders


BTCUSD of bitcoin,
+ 1.18%
The fierce rally is, again, attracting the attention of investors of all leases, including Elon Musk, who, early Sunday, asked about Tesla’s prospect of turning over TSL’s “big deal”
+ 5.96%
Balance sheet in cryptocurrency.

It all started when Musk tweeted A provocative meme About the attraction of bitcoin. Like comments, likes and retweets piled up, Michael Saylor, chief executive of MicroStrategy MTS,
+ 1.14%
And a big bitcoin fan, joined the discussion with an idea that caught Musk’s eye.

“If you want your shareholders to favor $ 100 billion, change the $ TSLA balance sheet from USD to #BTC,” Sailer said. “Other firms on the S&P 500 SPX,
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It will grow to become a $ 1-trillion side by following your lead and time. ”

Musk then replied whether “such large transactions are possible?” Saylor was just one of the many bitcoin backers who assured him that they are.

“Sailer said,” I’ve made over $ 1.3 billion purchases in #BTC in the past months and would be happy to share my playbook with you. “Last week, he talked in more detail about the idea for corporations to convert their cash pile into bitcoin:

When Bitcoin fans were loving the buzz, there were many others, including Peter Pacific, CEO of Euro Pacific Capital, who dismissed it as a joke:

Meanwhile, bitcoin is going deeper into uncharted territory, pushing past the $ 24,000 mark for the first time on Sunday.

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