Elon Musk is doubling down on his support for bitcoin. On Friday last week, the billionaire Tesla boss added the hashtag #bitcoin to his Twitter bio, in a move that helped to briefly push up the price of the cryptocurrency by as much as 20%.
In a discussion on the popular Clubhouse audio chat app recently, Musk confirmed he was a supporter of bitcoin. “I’ve got to watch what I say here because some of these things can really move the market,” Musk said. “Many friends of mine have tried to convince me to get involved in bitcoin for a long time.”
Musk said he once ate a slice of “bitcoin cake” given to him by a friend in 2013, and that he “clearly … should have at least bought some bitcoin eight years ago — talk about being late to the party.”