In its long-awaited appearance at the Word on B online conference, Tesla
Despite being widely known as the spiritual leader of bitcoin’s rival joke, dogecoin, Musk admitted that bitcoin makes up a much larger share of his personal crypto portfolio than the doge meme token and ether, which he also owns.
As enthusiasm for Musk’s first appearance at a crypto conference grew, the prices of bitcoin, ether, dogcoin and several other assets rose throughout the day. Bitcoin, which recovered from falling below $ 30,000 earlier in the week, peaked at $ 32,847. Ether hit $ 2,034 after spending nearly a week at the psychologically significant $ 2,000 price level.
However, after a short spike since the start of a discussion at 2:00 pm ET called “Bitcoin as a Tool to Empower Economic Opportunity,” which also featured Ark Invest founder Katie Wood and Jack Dorsey, Twitter and Square
However, both remain positive on this day.
Square and Tesla’s share prices held roughly even throughout the day, but Square ended the day with a 4.81% gain, while Tesla fell 0.9%.