Crypto Stories: World’s Richest Man Wants to Be Paid in Bitcoin

Sunil Sharma
January 10, 2021
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Elon musk cryptotwitter

Would you decline getting paid in Bitcoin next time? Well, world’s richest man Elon Musk agrees he will not. Earlier in his tweets Elon has agreed to own Bitcoin and enquired about Bitcoin’s capability to carry out large transactions.

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Why Elon Musk Means So Much to Bitcoin Fans

Though in reality it is just a tweet, but an asset with just few years of history garnering attention from billionaires all over the world is a statement that Bitcoin is no more a bubble as claimed by many pundits. As per Elon’s tweet he confirmed owning 0.25 BTC and today in a reply on twitter he accepted to not decline being paid in Bitcoin next time.

Recently, in a noteworthy twitter incident Elon signaled an entry to crypto world when he got engaged in a twitter discussion with pro Bitcoin MicroStrategy Inc. CEO Michael Saylor. Michael Saylor who also owns a whooping 17,732 Bitcoins advised now world’s richest man to do a $100 Billion favor to Tesla shareholders by  shifting Tesla’s balance sheet from US dollars to bitcoin.

He offered to share his playbook with Elon Musk and expected that S&P 500 companies will follow his lead once Tesla moves to Bitcoin. Elon enquired the pro Bitcoin CEO that are large transactions even possible with Bitcoin. Elon Musk is one among the billionaires crypto community is eagerly wait to enter crypto market.

Bitcoin recently surpassed Facebook’s market cap and currently stands at $759 Billion as per latest data from Coinmarketcap.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.