Crypto News Bulletin from seekingalpha

Sunday February 21, 2021 10:22 PM
1 week 9 hours ago

Elon Musk says Bitcoin price seems 'high' after eclipsing $1 trillion

Elon Musk tweeted yesterday that bitcoin (BTC-USD) prices "seem high" after the cryptocurrency market valued passed $1 trillion on Friday.The comment come as electric vehicle automaker Tesla (TSLA) has made roughly $1B of digital profit on Bitcoin over the last month, estimates Wedbush Securities.Musk tweeted "Money is just data that allows us to avoid the inconvenience of barter “That data, like all data, is subject to latency & error. The system will evolve to that which minimizes both."He added in a follow up tweet: "That said, BTC & ETH do seem high lol."Recall Feb. 19, Elon Musk makes the case for Bitcoin: 'Only a fool wouldn't look elsewhere.'