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class="sc-11f26778-0 fIrcU news_content"><div class="heading"><a href="/news/buy-crypto"><svg width="17" height="16" viewBox="0 0 17 16" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M6.65685 15.0709L0.292892 8.70692C-0.0976315 8.31639 -0.0976315 7.68323 0.292892 7.2927L6.65685 0.928741C7.04738 0.538216 7.68054 0.538216 8.07107 0.928741C8.46159 1.31926 8.46159 1.95243 8.07107 2.34295L3.41421 6.99981L16 6.99981C16.5523 6.99981 17 7.44752 17 7.99981C17 8.55209 16.5523 8.99981 16 8.99981L3.41421 8.99981L8.07107 13.6567C8.46159 14.0472 8.46159 14.6804 8.07107 15.0709C7.68054 15.4614 7.04738 15.4614 6.65685 15.0709Z"></path></svg>Back</a><div class="sc-4fdbe080-0 hanuse title "><h1>Bitcoin Rises After Elon Musk Confirms Tesla and SpaceX Own BTC</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Jul 22, 2021</li><li>18:07</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Bitcoin Rises After Elon Musk Confirms Tesla and SpaceX Own BTC" alt="Bitcoin Rises After Elon Musk Confirms Tesla and SpaceX Own BTC" width="742" height="0" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2021%2F07%2FBCB3A672-BAB1-4B91-9AAC-FBC8054B2C32.jpeg&w=750&q=75 1x, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2021%2F07%2FBCB3A672-BAB1-4B91-9AAC-FBC8054B2C32.jpeg&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2021%2F07%2FBCB3A672-BAB1-4B91-9AAC-FBC8054B2C32.jpeg&w=1920&q=75"/></div><div class="content_block"><p>The price of Bitcoin and Ethereum surged Wednesday afternoon after Tesla and SpaceX CEO Elon Musk said during “The B Word” conference: “I own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin”.</p><p>It’s no secret that Musk holds a huge amount of Bitcoins for the long term, as well as altcoins, Dogecoin and Ethereum. At the same time, the entrepreneur noted that both the companies he founded, Tesla and SpaceX, own only $BTC.</p><p><img loading="lazy" class="alignnone size-large wp-image-11904" src="https://wp.prod.testessential.net/wp-content/uploads/2021/07/6123FD44-19A2-4B89-ADEF-22DB8284F48D-1024x378.jpeg" alt="" width="1024" height="378"/></p><p>“Most likely Tesla will resume accepting bitcoins,” Musk said. “Tesla’s mission is to accelerate the emergence of sustainable energy. We cannot be that kind of company without doing our due diligence with Bitcoin’s energy consumption, ” he added during the event.</p><p>Jack Dorsey, CEO of Twitter and Square, will also consider accepting Bitcoin as payment from Twitter advertisers as a way to support cryptocurrency. But for now, he is more focused on creating “economic incentives in the network itself without having to rely on advertising.”</p><h2 id="h.jvkj9qw1q7ii">The Crypto Market Shows Signs of Recovery</h2><p>The entire cryptocurrency market reacted positively to Elon Musk’s statements at “The B Word” conference. The Bitcoin price rose by 8% to $32,160 and recaptured the critical support level of $30,000, trading as high as $32,200.</p><p>The price of Ethereum increased sharply by more than 12%, but it was already trending upwards before Elon Musk’s announcements. Dogecoin, on the other hand, rose by nearly 7% to $0.19.</p><p>Cryptocurrency has finally shown signs of strength for the first time in nearly a month mostly due to “The B Word” conference and Elon’s bullish sentiment. Сrypto traders can now consider opening long positions or <a href="http://App.Crypterium.com">exchanging</a> their altcoins for BTC, ETH or DOGE.</p><p> </p></div></div><ul class="sc-a1a626b4-0 heFhTL"><li><a href="/news">News</a></li><li><a href="/news/buy-crypto">Buy Crypto</a></li><li><span>Bitcoin Rises After Elon Musk Confirms Tesla and SpaceX Own BTC</span></li></ul><div class="sc-ebb48054-0 ccQeMU"><button aria-label="twitter" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Bitcoin Rises After Elon Musk Confirms Tesla and SpaceX Own BTC"/></button><button aria-label="telegram" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Bitcoin Rises After Elon Musk Confirms Tesla and SpaceX Own BTC - Telegram"/></button><button aria-label="facebook" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Bitcoin Rises After Elon Musk Confirms Tesla and SpaceX Own BTC - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-965f7af3-0 dtuqwR"><div class="sc-e7592e74-0 fQCMoz center_block " width="1200px"><div class="top_block"><div class="content"><p class="description">The Choise website and Choise mobile apps are owned by the company incorporated in the Republic of Seychelles with company number IBC No. 233581, registered office at 102, Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles which is regulated by the laws of that country. 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type="application/json">{"props":{"pageProps":{"data":{"id":11902,"status":"published","sort":null,"user_created":"ca36dd59-e84f-4468-80da-d7762c746176","date_created":"2021-07-22T15:54:36.000Z","user_updated":null,"date_updated":null,"title":"Bitcoin Rises After Elon Musk Confirms Tesla and SpaceX Own BTC","slug":"bitcoin-rises-spacex-btc","content":"\u003cp\u003eThe price of Bitcoin and Ethereum surged Wednesday afternoon after Tesla and SpaceX CEO Elon Musk said during “The B Word” conference: \u0026#8220;I own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin\u0026#8221;.\u003c/p\u003e\u003cp\u003eIt\u0026#8217;s no secret that Musk holds a huge amount of Bitcoins for the long term, as well as altcoins, Dogecoin and Ethereum. At the same time, the entrepreneur noted that both the companies he founded, Tesla and SpaceX, own only $BTC.\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-11904\" src=\"https://wp.prod.testessential.net/wp-content/uploads/2021/07/6123FD44-19A2-4B89-ADEF-22DB8284F48D-1024x378.jpeg\" alt=\"\" width=\"1024\" height=\"378\" /\u003e\u003c/p\u003e\u003cp\u003e“Most likely Tesla will resume accepting bitcoins,” Musk said. “Tesla\u0026#8217;s mission is to accelerate the emergence of sustainable energy. We cannot be that kind of company without doing our due diligence with Bitcoin\u0026#8217;s energy consumption, ” he added during the event.\u003c/p\u003e\u003cp\u003eJack Dorsey, CEO of Twitter and Square, will also consider accepting Bitcoin as payment from Twitter advertisers as a way to support cryptocurrency. But for now, he is more focused on creating “economic incentives in the network itself without having to rely on advertising.”\u003c/p\u003e\u003ch2 id=\"h.jvkj9qw1q7ii\"\u003eThe Crypto Market Shows Signs of Recovery\u003c/h2\u003e\u003cp\u003eThe entire cryptocurrency market reacted positively to Elon Musk\u0026#8217;s statements at “The B Word” conference. The Bitcoin price rose by 8% to $32,160 and recaptured the critical support level of $30,000, trading as high as $32,200.\u003c/p\u003e\u003cp\u003eThe price of Ethereum increased sharply by more than 12%, but it was already trending upwards before Elon Musk’s announcements. Dogecoin, on the other hand, rose by nearly 7% to $0.19.\u003c/p\u003e\u003cp\u003eCryptocurrency has finally shown signs of strength for the first time in nearly a month mostly due to “The B Word” conference and Elon\u0026#8217;s bullish sentiment. Сrypto traders can now consider opening long positions or \u003ca href=\"http://App.Crypterium.com\"\u003eexchanging\u003c/a\u003e their altcoins for BTC, ETH or DOGE.\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e","seo_title":null,"seo_description":null,"seo_image":null,"old_image":"https://wp.prod.testessential.net/wp-content/uploads/2021/07/BCB3A672-BAB1-4B91-9AAC-FBC8054B2C32.jpeg","seo_keywords":null,"short_content":"The cryptocurrency market responds positively as Elon Musk confirms that he personally holds Bitcoin, so do his companies SpaceX and Tesla","image":null,"category":{"title":"Buy Crypto","slug":"buy-crypto","id":59}}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"buy-crypto","slug":"bitcoin-rises-spacex-btc"},"buildId":"_LTTyEWiIIIqjW5WHNdJN","isFallback":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>