Elon Musk on Sunday got some information about the chance of changing over “huge exchanges” of Tesla Inc‘s accounting report into bitcoin, as per a Twitter trade among Musk and a notable backer for the computerized cash.
Michael Saylor, CEO of MicroStrategy Inc, in a tweet to Musk. He recommended that the very rich person Tesla originator and head, take the action.
“If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC,”. Saylor wrote in his tweet. “Other firms on the S&P 500 would follow your lead. And in time it would grow to become a $1 trillion favor.”
“Are such large transactions even possible?” Musk replied to Saylor.
“Yes. I have purchased over $1.3 billion in #BTC in past months. And I would be happy to share my playbook with you offline….,”. Saylor tweeted.
Tesla and Musk could not be reached for comment.
“Every CEO faces the challenge of how to preserve & enhance shareholder value in the face of this year’s unprecedented monetary expansion,”. Saylor said in a message to Reuters.
“Bitcoin is the best solution to the store of value problem faced by every individual, investor, & corporation on earth,” Saylor said.
Portions of Tesla rose to a record high on Friday in a frenzied day of exchanging as speculators prepared for the electric carmaker’s eagerly awaited passage into the benchmark S&P 500 file on Monday.
What’s more about Elon Musk asking about conversion?
Bitcoin rose to a high of $24,299.75 on Sunday, in the wake of passing the $20,000 achievement unexpectedly a week ago, in the midst of flooding revenue from bigger speculators. Bitcoin was last at $23,60.98 up 2.88%.
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