Summary List Placement
Elon Musk isn’t one to shy away from speaking his mind on Twitter.
In his latest social media comments, the Tesla chief admitted the price of bitcoin and ethereum “seem high” as the crypto assets hit record highs.
Last night, bitcoin smashed through the $55,000 level, bringing the crypto’s market cap to more than $1 trillion. Its latest rally has largely been attributed to Tesla’s $1.5 billion purchase revealed in an SEC filing on Feb 8, sending Bitcoin up 16% on the day.
Musk’s comment was in reply to Peter Schiff, a well-known crypto skeptic and ‘gold bug,’ who claimed that gold was a better asset allocation than bitcoin or fiat currency.
Schiff’s was quoting Musk’s tweet that bitcoin was a “less dumb” version of cash.
“When fiat currency has negative real interest, only a fool wouldn’t look elsewhere,” Musk tweeted on February 19. “Bitcoin is almost as bs as fiat money. The key word is ‘almost.'”
But Musk responded to the veteran stockbroker claiming that: “An email saying you have gold is not the same as having gold. You might as well have crypto. Money is just data that allows us to avoid the inconvenience of barter.”
An hour later, the Musk followed up with a post saying: “that said, BTC & ETH do seem high lol.”
Bitcoin is now trading 55,563.02, according to exchange site Coinbase. Ethereum has gained 174.20% year-to-date, now trading at $2001.77.
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Source:: Business Insider
Dustin Johnson highlights | Round 3 | Genesis | 2021
In the third round of The Genesis Invitational 2021, Dustin Johnson recorded three birdies against 3 bogeys to remain even through 13 holes before play was suspended due to darkness. Johnson is 7-under-par for the tournament. The PGA TOUR returns to iconic Riviera Country Club for The Genesis Invitational. Tournament host Tiger Woods will be in attendance but won’t play as he is still recovering from a back procedure last month. World No. 1 Dustin Johnson and defending champion Adam Scott are among the headliners. Notables in the invitation-only field include major champions Brooks Koepka, Bryson DeChambeau, Collin Morikawa, Jordan Spieth, and Francesco Molinari, plus world No. 2 Jon Rahm. Two-time FedExCup winner Rory McIlroy looks to finally lift the trophy at Riviera after holding a piece of the lead Sunday a year ago only to fall to T5. In addition to reigning champ Johnson, FedExCup winners in the field include Justin Thomas, Brandt Snedeker, and Jim Furyk.