Elon Musk spoke after SEC gave EFT approval for Bitcoin, cryptos skyrocketed

Tesla CEO Elon Musk's statements after the US Securities and Exchange Commission (SEC) approved Bitcoin ETF applications increased Bitcoin. Elon Musk made statements about Bitcoin in the Speace broadcast moderated by Cathie Wood, CEO of ARK Invest, on X. The billionaire entrepreneur responded to Wood's question: "I'm open to the idea of ​​using Bitcoin in X, but I think very little about Bitcoin." said.

YOU STILL HAVE DOGECOIN AND BITCOIN Tesla CEO stated that he still has a lot of Dogecoin, and SpaceX also has a lot of Bitcoin. Stating that they were worried about the USD/BTC rate when they bought Bitcoin at Tesla, Musk said that they sold these Bitcoins due to their capital needs. Musk continued: “At one point, we had concerns about Bitcoin's energy use. It was a matter of concern for us that mining facilities in China use coal as an energy source. This situation got better later, but I still have some concerns.” he said. BITCOIN IS SIMILAR TO GOLD Musk also added that Bitcoin is like gold and is not enough for payments. INCREASED AFTER THE ANNOUNCEMENT Bitcoin's reaction to these statements was positive. While the number one cryptocurrency was traded at $46,700, it rose to $47,695. It is thought that this rise occurred when Musk said that he was open to the idea of ​​​​using Bitcoin in X. The leading cryptocurrency by market value is bought and sold for 46 thousand 115 dollars at 09:00 TSI. It is eagerly awaited to see what the course of Bitcoin will be once ETFs are opened for trading.