During the conference, Musk stated that he supports Bitcoin and believes in its future.
He holds cryptocurrencythrough their companies Tesla and SpaceX. (For the first time, Musk confirmed that SpaceX has invested in BTC).
Nevertheless, according to him, right now it is difficult to use bitcoin, transactions are expensive and time-consuming. He also recalled the problem of high energy consumption by the network.
He added that in the future, Bitcoin and Ethereum will be able to carry out more transactions using second-tier solutions.
Meanwhile, BTC rose to $ 32,800 and fell back to $ 32,000.
Musk also stated:
I have personally invested in ETH and DOGE. The DOGE community has cool memes and dogs. I love memes and dogs, but I don’t take it all too seriously.
Elon also noted that Bitcoin miners are noticeably shifting towards renewable energy sources.
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