Tesla CEO Musk expressed the opinion that Bitcoin will be widely recognized soon in the world of traditional finance.

“At the moment, I think bitcoin is good. I don’t have a clear opinion about other cryptocurrencies,” said the billionaire, talking about the future of the most popular cryptocurrency. He added that he should have bought bitcoin eight years ago. The price of bitcoin has risen by about 200 percent since October last year.

In January 2021, the head of Tesla published the bitcoin hashtag on his Twitter account. After that, the cryptocurrency rate soared from 32 to 37 thousand dollars. “I have to be careful with my words, it can affect the market,” Musk commented later. In December, the billionaire asked on his Twitter account if it was possible to convert the entire Tesla balance to Bitcoin. Before that, Musk called the most popular cryptocurrency “bullshit”.