Elon Musk: Bitcoin Is Not My Safe Word

Bitcoin, despite being only 10 years old, has already left its mark on a lot of prominent and influential people. Elon Musk, who’s arguably one of the best-known and popular entrepreneurs in the whole world, has mentioned it again. And, moreover, staying completely true to his usual self, his statement could mean one of many different things.

Bitcoin Is Not My Safe Word: Musk Says

Elon Musk is the founder of PayPal, one of the world’s largest payment processors. He’s also the founder and CEO at SpaceX and the CEO at Tesla. Each one of his companies attempts to revolutionize the sector they occupy and it’s safe to say that this is where Musk places his focus.

That’s, perhaps, why he has received plenty of admirations throughout the years and is considered to be one of the most influential and, of course, wealthiest people.

This is why it comes as a very pleasant surprise for everyone in the cryptocurrency field when someone like Elon Musk mentions Bitcoin.

Just now, Musk tweeted that Bitcoin is not his safe word.

Bitcoin is *not* my safe word

— Elon Musk (@elonmusk) January 10, 2020

While it’s absolutely anyone’s guess to know what he meant by saying that, it’s definitely refreshing to see it coming out. And, undoubtedly, it gets Bitcoin in front of many more eyes. Elon Musk’s official Twitter account has upwards of 30 million followers, which is definitely to be considered.

Not The First Time

The best thing about all it is that it’s not the first time Musk mentions cryptocurrencies or Bitcoin. At the beginning of last year, he did a podcast with the investment company Ark and discussed his own views on the future of his companies, as well as his thoughts on cryptocurrency.

Interestingly enough, Musk was rather vocal about his stance, saying that “it bypasses currency controls… Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”

However, he did express certain concerns related to the way blockchain networks are secured. He said that the process is “computationally energy-intensive.”

He also made a very mysterious tweet abоut buying Bitcoin in October 2018, though he now says that it was a joke.

Featured image courtesy of Business Insider

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