Elon Musk inspires Busta Rhymes to buy Bitcoin and “look inside” Ethereum Next

Soon

  • Rapper Busta Rhymes says he “officially has Bitcoin” and is also looking into Ethereum.
  • Credit yesterday’s B Word panel with Jack Dorsey, Elon Musk and Cathie Wood for convincing you to invest.

Rapper Busta Rhymes is the latest celebrity to support Bitcoin, the leading cryptocurrency by market capitalization, and is crediting a conversation with and Square CEO Jack Dorsey and Tesla and SpaceX CEO Elon Musk in search of inspiration.

Busta Rhymes (aka Trevor Smith Jr.) tweeted this morning who “officially owns Bitcoin,” claiming he made the decision “after watching the Bitcoin conference live” with Dorsey, Musk and the co-founder, CEO and CIO of ARK Invest, Cathie Wood. conference he’s referring to is B Word, a streaming event held yesterday by Square, ARK, and venture capital firm Paradigm.

“I’m sold,” wrote Bitcoin’s Envelope. In a follow-up tweet, He added: “When you have brilliant minds coming together through an unfiltered source. I like it. Talk to me directly. Everyone is using it and, most importantly, they are keeping it.

On July 14, Busta Rhymes first tweeted about cryptocurrency, asking followers, “Is anyone here interested in cryptocurrencies? How you feel? He continued to tweet the entire week as well. interact with boxer Mike Tyson on his crypto explorations. Dorsey and MicroStrategy CEO Michael Saylor Say, both prominent Bitcoin advocates, responded to him at the time, as did other crypto personalities.

MY BIGGEST WAS THIS… ..the path @Elon Musk I made this statement made me think seriously… especially what is happening around the world recently.

government and the monopoly of violence … damn it pic.twitter.com/RsX0oSIeLJ

– Busta Rhymes (@BustaRhymes) July 22, 2021

Today, Busta Rhymes confirmed that they have made the leap to Bitcoin. And it may not stop there, even if Dorsey himself is a Bitcoin maximalist. Busta added “Looking to ETH later,” referring to Ethereum, the second-largest cryptocurrency by market capitalization.

roundtable between Dorsey, Musk, and Wood was the biggest draw for B Word, a broadcast conference and educational resource designed for institutions looking to invest in or develop around Bitcoin. Given Dorsey’s growing devotion to Bitcoin and Musk’s recent doubts about supporting the currency, following Tesla’s decision in May to stop trading Bitcoin, some wondered if the speech would turn into a one-way debate. lap.

Instead, the talk remained civil: Dorsey spoke about the potential of Bitcoin to promote “world peace,” and Wood highlighted the commercial and investment appeal of cryptocurrencies. Musk elaborated on why Tesla paused its Bitcoin support after investing $ 1.5 billion in cryptocurrencies earlier this year and suggested that the company will “most likely” resume Bitcoin trading following the renewables changes.

Musk also revealed for the first time that SpaceX holds Bitcoin, joining Tesla and Musk’s personal holdings of the coin. He also personally owns Ethereum and Dogecoin — the latter is no surprise, given his history of sharing Dogecoin meme, working with Dogecoin developers, and calling himself ” Father of the Dog.”

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views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.

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