Bitcoin rises above $32k after Elon Musk revealed personal crypto holding
The price of Bitcoin climbed to $32,355 on Friday morning – up by 1.3 percent over the past 24 hours, according to CoinDesk data.
The third-richest person in the world spoke on Wednesday at the ‘₿ Word Conference’ alongside Jack Dorsey, the CEO of Twitter and Cathie Wood, the CEO of Ark Invest.
He said apart from his stocks in Tesla and SpaceX, the only “three meaningful assets” he owns is bitcoin, ethereum and dogecoin.
Musk said he has no plans to sell any of his Bitcoin anytime soon.
He noted that Tesla is “likely” to start accepting Bitcoin as a payment method again.
“I wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50%, and that there is a trend towards increasing that number, and if so, Tesla would resume accepting Bitcoin,” he said.