Tesla’s Elon Musk asks about converting “large transactions” to bitcoin

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.

Tesla's Elon Musk asks about converting "large transactions" to bitcoin

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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