2/1, 9:56 AM (Source: TeleTrader)
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Musk says Bitcoin set to get mainstream attention

Tesla CEO Elon Musk called on Monday Bitcoin a "good thing" and said he believes the biggest cryptocurrency is set to get mainstream attention.

"I think Bitcoin is really on the verge of getting broad acceptance by sort of the conventional finance people. I don't have a strong opinion on other cryptocurrencies," Musk said during a Clubhouse chat session adding that some of his friends convinced him to buy Bitcoin in the past, but he believes he is "late to the party."

Musk also commented on Dogecoin fuss, saying that it "was made as a joke to make fun of cryptocurrencies obviously, but fate loves irony and often as a friend of mine says that the most ironic outcome or I'd say the most entertaining outcome and the most ironic outcome would be that Dogecoin becomes the currency of earth in the future."

Bitcoin rose by 3.04% to 34,146.81 at 3:54 am ET.

Breaking the News / TF