Earlier this week, Elon Musk made history when he placed his full support behind Bitcoin (BTC) during a Clubhouse stream. When discussing Bitcoin and the GameStop (NYSE:GME) debacle with Robinhood CEO Vlad Tenev, Musk said: “I am late to the party, but I am a supporter of Bitcoin.” This came a few days after Musk changed his Twitter profile, adding “Bitcoin” to his bio.
Interestingly enough, Musk's public endorsement of Bitcoin comes at a time when legacy financial markets have been openly caught defrauding their own customers, and the Robinhood app is at the center of this fraud. Indeed, the richest man alive told the world that he believes Bitcoin is on the verge of mass adoption amid a backdrop of criminal stock market behavior.
Christopher Attard is a journalist turned cryptocurrency writer and analyst. Having worked in both the blockchain events sector and traditional finance over the years, he now covers Bitcoin extensively in a semiweekly newsletter. Christopher also works with various small and medium-sized enterprises in the space as a writer and content strategy consultant.