Binance CEO Changpeng Zhao says Tesla and Elon Musk will certainly buy crypto. In tweets, Zhao said this is one of the few predictions he can put his name on. This comes on the heels of several tweets from Elon Musk’s verified Twitter account on Bitcoin, which has sparked discussions on Crypto Twitter.
“Telsa / @elonmusk will buy crypto. It’s only a matter of time. This is one of the few predictions I’m happy to put my name on.
The real question is: do you want to be ahead or behind them? “
Earlier today, Musk tweets BTC was his safe word, though he later claimed he was “cheating”. This is the first time in several months since he last tweeted anything about BTC or the cryptocurrency space. Although he claims to hold no BTC other than 0.25 BTC sent to him by a friend, Tesla’s CEO has been flirting with the cryptocurrency space for some time now.
Notably, he is referred to as the former CEO of the greedy Dogecoin, a title he held for a few hours after he said the dog-meme cryptocurrency was his favorite. Also earlier today he said in a controversial tweet that Bitcoin was “BS”. This development led to an immediate 25% increase in the price of Dogecoin.
Tesla, meanwhile, is one of the big US companies that has shown no interest in entering the cryptocurrency space despite the recent rush by corporate organizations to buy Bitcoin and Musk’s stake in negotiations over the crypto space.
The highest-paid PayPal company co-founded by Musk used to be fiercely critical of crypto. However, the company was able to use cryptocurrency on its platform earlier this year. Apparently at least 25% of these accounts have been used to trade cryptocurrencies since then.
More corporate organizations are committed to crypto this year, most of them making Bitcoin part of their portfolio. Some of these companies and mainstream devices are increasing their BTC holdings as most have expressed optimism that the price of BTC will rise much more.
We don’t know if Musk and his company will buy crypto or not, but the current influx into space suggests that it will only become more popular with companies like time his.