Elon Musk, The World's Richest Man, Says That He Would Be More Than Happy To Be Paid In Bitcoin

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Elon Musk, The World's Richest Man, Says That He Would Be More Than Happy To Be Paid In Bitcoin

This week, Elon Musk, founder of Tesla and SpaceX, passed Amazon founder Jeff Bezos to become the world's richest man. The surge in Musk's wealth, valued at around $185 billion, came after the share price of his companies rose dramatically in recent months.

However, the tech business mogul, has now stated that he would be more than happy to be paid in Bitcoin as opposed to hard cash.

The revelation came in a response Musk tweeted to a tweet by Ben Mezrich. Mezrich, who is a writer and the author of books such as 'Bitcoin Billionaires' and 'The Social Network', which was later turned into a hit movie, tweeted:

"I'm never turning down getting paid in bitcoin again."

To which Musk replied:

"Me neither."

Bitcoin is now reaching record-breaking price-highs and 1 bitcoin is now trading at over $40,000. This means that the entire worth of all Bitcoins in circulation is now almost $1 trillion. That's roughly around a third of the entire wealth produced in the United Kingdom each year.

The price of Bitcoin has risen dramatically for a number of reasons. One, because it is seen as a safe haven for investment given the disastrous state of the world economy, and two, because many major financial institutions such as banks and hedge-funds have also now begun investing in the crypto-currency. Not only has the interest from respected financial institutions pushed up the price by increasing demand, but it has also given the cryptocurrency a prestige it previously lacked. Up to now, the cryptocurrency was widely linked to illicit activities such as online drug-dealing and fraud.

Investors also regard Bitcoin as a safe bet against runaway inflation, which some fear will soon emerge given the amount of money that has been pumped into the economy during the pandemic. Some investors now even think that Bitcoin and gold might fight it out over which asset is the most attractive in rocky economic times. Historically, the price of gold has shot up in times of economic uncertainty as it does not tend to lose its value in the long-run.

According to data kept on Bitcoin, there are believed to be 7 anonymous people in the world holding over $1 billion in Bitcoin. The true identity of the creator of Bitcoin is still unknown and has only ever been referred to by the pseudonym 'Satoshi Nakamoto'. This individual is, however, believed to have Bitcoin holdings now worth in excess of $16 billion, which would make him one of the richest people in the world.

Join the following websites and apps to get free #BTC and ways for passive income.


#UnbankYourself #Cryptocurrencies #PassiveIncome

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Thinking Humanity: Elon Musk, The World's Richest Man, Says That He Would Be More Than Happy To Be Paid In Bitcoin
Elon Musk, The World's Richest Man, Says That He Would Be More Than Happy To Be Paid In Bitcoin
This week, Elon Musk, founder of Tesla and SpaceX, passed Amazon founder Jeff Bezos to become the world's richest man. The surge in Musk's wealth, val
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