Elon Musk says bitcoin 'on the verge' of being more widely accepted

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Elon Musk says one of his start-ups has a monkey with wires going into its brain that's able to play videogames.

Elon Musk has offered his support to Bitcoin, claiming he should have bought it eight years ago.

Dan Tapiero, a 101 Holdings partner, also expressed the same views as Musk.

Musk announced another experiment of his company Neuralink in the social application Clubhouse, created for communication and online conferences.

"I've got to watch what I say here, because these things can really move the market". Musk explained why he took such a step during the broadcast and shared what he thought about bitcoin.

While investors and executive members of the industry eagerly waited for Musk's comments on BTC, in a recent interview he said that he is a supporter of Bitcoin and it is very close to gaining broader adoption in the conventional finance world.

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After touching on his regrets about not buying into Bitcoin when it was cheaper back in 2013, the topic of the latest hot crypto called Dogecoin came up.

However, Makhlouf said that he doesn't see "financial stability issues at the moment arising from Bitcoin itself".

"That would be pretty cool", said Musk, who is CEO of Neuralink, in addition to SpaceX and Tesla.

"The bitcoin price, after dipping under $30,000 per bitcoin last week, suddenly leaped 20% higher last week after Musk changed his Twitter bio to "#bitcoin" and posted: "In retrospect, it was inevitable". According to Coinbase data, the price of bitcoin started to rise rapidly when the question was asked.

Recently, Bitcoin saw a price drop after Elon Musk's opinions regarding it. Considering that the mobility seen after Elon Musk was not based on solid foundations, it was announced that a decrease could be seen in the market.

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