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Is Elon Musk Shilling Bitcoin Again? See New Meme He's Just Published

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Sat, 07/24/2021 - 11:40
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Yuri Molchan
Tesla CEO has posted a meme about lack of trust to the government, some believe he may have resumed pumping Bitcoin
Is Elon Musk Shilling Bitcoin Again? See New Meme He's Just Published
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Tesla CEO, centibillionaire Elon Musk has taken to Twitter to share another meme with his followers.

The picture speaks of lack of trust to the government and a “wife” preventing her “husband” that has had eight beers from expressing it.

Some in the comments have assumed that this could mean one thing – Elon Musk has sort of resumed touting Bitcoin once again as BTC is the peer-to-peer payments system that is opposed to the government and the financial system based on fiat money and banks.

Of course, people started sending Musk memes related to Dogecoin and its offshoot SHIBA.

Elon Musk is known to be the biggest Dogecoin fan and influencer, however, earlier this year he announced that he was a Bitcoin holder. Later on, Tesla started accepting Bitcoin payments and suspended them when Musk stated that BTC mining was not green enough.

During the B-Word online conference this Wednesday, Tesla CEO confirmed that he himself holds BTC, ETH and DOGE and Tesla with SpaceX have Bitcoin on their balance sheets. None of them are going to sell their Bitcoin.

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Musk also told Jack Dorsey during this Zoom conference that Tesla may resume accepting Bitcoin soon If “due diligence is done” by Bitcoin miners.

Initially, the centibillionaire stated that Tesla start accepting Bitcoin payments again if BTC mining becomes at least 50 percent based on renewable energy. According to the recent report by the Bitcoin Mining Council, 56 percent of mining already uses green energy.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.