Another Statement from Elon Musk Now Has Bitcoin Exploding

Tesla’s CEO Elon Musk has the spectacular ability to move cryptocurrency at the drop of a hat. Or rather, at the drop of a tweet.

The number one digital currency, Bitcoin, soared above $40,000 on Monday after Musk announced Tesla would be accepting it as payment again in the future.

It also helps that billionaire hedge fund manager Paul Tudor Jones has endorsed the crypto with some bullish comments.

“I like bitcoin as a portfolio diversifier. Everybody asks me what should I do with my bitcoin? The only thing I know for certain, I want 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities,” Tudor Jones said on CNBC’s “Squawk Box” on Monday.

Tudor Jones first revealed last spring on CNBC that he held “almost 2%” of his assets in bitcoin.

“For me, it’s just a way of kind of foundationally looking at how do I protect my wealth over time, it’s a great diversifier,” Tudor Jones added. “Again, I look at bitcoin as a story of wealth. I look at crypto as a story of wealth. Others will argue this is a different ecosystem, it’s transactional in nature.”

The crypto went up about another $700 shortly after the investor’s comments.
Musk said on Sunday that the electric vehicle maker could accept bitcoin transactions again in the future.

Bitcoin began trading on Sunday at just $34,880, and then jumped above $40,000 early Monday.

Since 2021 began, Bitcoin has surged more than 30%.

Musk said Tesla will resume allowing bitcoin transactions “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.”

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.