PayPal Founder and Tesla Founder and CEO Elon Musk thinks that bitcoin is “on the verge” of being more widely accepted among investors as he expressed his support for the cryptocurrency. This comes after he tweeted #bitcoin on Friday, which led to the cryptocurrency gaining 14%.
“I am a supporter of bitcoin. I think bitcoin is on the verge of getting broad acceptance by conventional finance people.”
He also said he should’ve bought some eight years ago.
“I was a little slow on the uptake… I do think at this point that bitcoin is a good thing.”
The digital currency was up 300% last year. Do you agree with Musk, is it time to buy or is it an overblown bubble?