On a significant day for crypto investors, Elon Musk, who stirred markets during the 2021 bull run, is back in the spotlight. His recent comments, however, reflect a sense of reluctance as he seems pushed to the stage.
The SEC’s approval of a spot Bitcoin ETF has legitimized the cryptocurrency, despite Musk’s apparent disinterest. Ark CEO probed Musk on whether he would consider integrating Bitcoin with his company X, following the ETF’s green light.
Previously, Musk had expressed disinterest in cryptocurrencies, a sentiment that seemed unchanged. However, investors remain hopeful, and the ETF news, combined with Musk’s latest statement, has pushed Bitcoin’s price up.
Musk mentioned the possibility of integrating Bitcoin with X but admitted to not giving it much thought. He acknowledged his lack of knowledge about the Bitcoin Lightning Network, mentioned selling Tesla’s Bitcoin due to cash needs, and still holding some Bitcoin at SpaceX, along with owning Dogecoin.
While Dogecoin’s price hovers at $0.0845, Bitcoin surged to a 24-hour high of $47,695 following Musk’s comments.