{"id":3421,"date":"2021-02-01T10:54:52","date_gmt":"2021-02-01T10:54:52","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=3421"},"modified":"2021-02-01T10:54:52","modified_gmt":"2021-02-01T10:54:52","slug":"elon-musk-says-bitcoin-close-to-being-widely-accepted","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/01\/elon-musk-says-bitcoin-close-to-being-widely-accepted\/","title":{"rendered":"Elon Musk says bitcoin close to being widely accepted"},"content":{"rendered":"<p>Billionaire Elon Musk said on Monday bitcoin was \u201con the verge\u201d of being more widely accepted among investors as he expressed his support for the cryptocurrency in a chat on social media app Clubhouse that drew thousands of listeners.<\/p>\n<p>The comments followed his use of the \u201c#bitcoin\u201d tag on his Twitter profile on Friday, which pushed the cryptocurrency up 14%.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3423\" src=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/rapid-news-rapidnews-Elon-Musk-says-bitcoin-close-to-being-widely-accepted-dailyrapidnews.jpg\" alt=\"rapid-news-rapidnews-Elon-Musk-says-bitcoin-close-to-being-widely-accepted-dailyrapidnews\" width=\"800\" height=\"510\" srcset=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/rapid-news-rapidnews-Elon-Musk-says-bitcoin-close-to-being-widely-accepted-dailyrapidnews.jpg 800w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/rapid-news-rapidnews-Elon-Musk-says-bitcoin-close-to-being-widely-accepted-dailyrapidnews-300x191.jpg 300w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/rapid-news-rapidnews-Elon-Musk-says-bitcoin-close-to-being-widely-accepted-dailyrapidnews-768x490.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>Musk, CEO of Tesla, is known for making comments on Twitter that move markets and he acknowledged this during his debut on the invitation-only app Clubhouse.<\/p>\n<p>\u201cI am a supporter of bitcoin,\u201d he said.<\/p>\n<p>\u201cI was a little slow on the uptake,\u201d he said, adding he should have bought it eight years ago.<\/p>\n<p>\u201cI think bitcoin is on the verge of getting broad acceptance by conventional finance people.\u201d<\/p>\n<p>India to launch its own cryptocurrency<\/p>\n<p>Bitcoin last traded up 3.7% at $34,390, having surged over 300% in 2020.<\/p>\n<p>On the wide-ranging chat, Musk discussed memes, Mars, his companies, and vaccines, among other topics. He also interviewed Vladimir Tenev, co-founder of online stock broker app Robinhood, which is under fire for blocking retail investors from purchasing GameStop stock.<\/p>\n<p>GameStop stock surged some 400% in the past week after retail investors banded together to buy shares in the US video game retailer, sending hedge funds scrambling to cover losing bets.<\/p>\n<p>Tenev said the market rumor was untrue that Citadel Securities &#8211; the market-making arm of billionaire hedge-fund manager Ken Griffin &#8211; had pressured Robinhood into blocking retail investors.<\/p>\n<p>Bitcoin, US tech stocks seen as biggest market bubbles<\/p>\n<p>\u201cThat\u2019s just false,\u201d Tenev said, adding that Robinhood temporarily halted trading to meet regulatory capital requirements.<\/p>\n<p>Musk last week tweeted \u201cGamestonk!!,\u201d which many in the market interpreted as an apparent show of support for small investors. \u201cStonks\u201d is a tongue-in-cheek term for stocks widely used on social media.<\/p>\n<p>Musk also chatted about Covid-19 vaccines, saying he expected an avalanche of them soon. He added that authorities should focus on giving out the first dose of vaccines soon and worry about the second shot later, to speed things up.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Elon Musk said on Monday bitcoin was \u201con the verge\u201d of being more widely<\/p>\n","protected":false},"author":1,"featured_media":3422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-3421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk Says Bitcoin Close to Being Widely Accepted | Rapid News<\/title>\n<meta name=\"description\" content=\"Billionaire Elon Musk said on Monday bitcoin was \u201con the verge\u201d of being more 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Analysts said the move by one of the world\u2019s\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"Tesla-sends-bitcoin-soaring-with-$1.5bn-investment-rapid-news-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Tesla-sends-bitcoin-soaring-with-1.5bn-investment-rapid-news-rapidnews.jpeg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":10612,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/11\/elon-musk-asks-twitter-followers-if-tesla-should-accept-dogecoin\/","url_meta":{"origin":3421,"position":1},"title":"Elon Musk asks Twitter followers if Tesla should accept Dogecoin","date":"May 11, 2021","format":false,"excerpt":"The \u201cDogefather\u201d is once again putting one of crypto\u2019s hottest digital coins of the moment front and centre on his Twitter feed. 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Musk overtook Amazon boss Jeff Bezos to become the world\u2019s wealthiest person last\u2026","rel":"","context":"In &quot;Tech&quot;","img":{"alt_text":"Elon-Musk-says-hes-taking-a-break-from-Twitter-for-a-while-rapidnews-rapid-news","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Elon-Musk-says-hes-taking-a-break-from-Twitter-for-a-while-rapidnews-rapid-news.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":14345,"url":"https:\/\/dailyrapidnews.com\/eng\/2022\/04\/11\/elon-musk\/","url_meta":{"origin":3421,"position":3},"title":"Elon Musk will no longer serve on Twitter&#8217;s board of directors, according to the company&#8217;s CEO","date":"April 11, 2022","format":false,"excerpt":"Elon Musk will no longer be a member of Twitter's board of directors, according to the company's CEO, Parag Agrawal. 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Mr Agrawal, on\u2026","rel":"","context":"In &quot;international&quot;","img":{"alt_text":"Elon Musk will now not join Twitter's board, CEO says","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2022\/04\/Elon-Musk-will-now-not-join-Twitters-board-CEO-says.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":10535,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/10\/second-biggest-cryptocurrency-ethereum-breaks-4000-to-hit-record-high\/","url_meta":{"origin":3421,"position":4},"title":"Second-biggest cryptocurrency Ethereum breaks $4,000 to hit record high","date":"May 10, 2021","format":false,"excerpt":"Cryptocurrency Ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels. Ethereum, the second-largest coin by market capitalisation, jumped more than six\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"Second-biggest-cryptocurrency-Ethereum-breaks-$4000-to-hit-record-high-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/Second-biggest-cryptocurrency-Ethereum-breaks-4000-to-hit-record-high-rapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":15210,"url":"https:\/\/dailyrapidnews.com\/eng\/2022\/04\/26\/jameela-jamil-left-twitter-when-elon-musk-bought-it\/","url_meta":{"origin":3421,"position":5},"title":"Jameela Jamil left Twitter when Elon Musk bought it.","date":"April 26, 2022","format":false,"excerpt":"Jameela Jamil announced her departure from Twitter as Tesla CEO Elon Musk announced the company\u2019s acquisition for $44 billion. Despite the billionaire\u2019s desire for his opponents to continue to utilize the platform, a number of celebrities are unsure about using it. \u201cI hope that even my worst critics remain on\u2026","rel":"","context":"In &quot;latest&quot;","img":{"alt_text":"Jameela Jamil left Twitter when Elon Musk bought it.","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2022\/04\/jameela_jamil_twitter.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/3421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=3421"}],"version-history":[{"count":1,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/3421\/revisions"}],"predecessor-version":[{"id":3424,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/3421\/revisions\/3424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/3422"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=3421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=3421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=3421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}