Price of bitcoin jumps after Elon Musk says it is ‘a good thing’

Cryptocurrency rises above $38,000 after Tesla boss changes his biography on Twitter to ‘#bitcoin’

The price of bitcoin rose on Monday after Elon Musk, the billionaire Tesla chief executive, said he was a “supporter” of the cryptocurrency.

“Bitcoin is a good thing,” Musk said in comments broadcast on social audio app Clubhouse on Monday. Musk said he was “late to the party” in backing bitcoin.

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Cryptocurrency rises above $38,000 after Tesla boss changes his biography on Twitter to ‘#bitcoin’
The price of bitcoin rose on Monday after Elon Musk, the billionaire Tesla chief executive, said he was a “supporter” of the cryptocurrency.
“Bitcoin is a good thing,” Musk said in comments broadcast on social audio app Clubhouse on Monday. Musk said he was “late to the party” in backing bitcoin. Continue reading…Technology | The Guardian

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