Yesterday, the founder of Tesla and SpaceX, Elon Musk, published a series of tweets on his official Twitter profile devoted to Bitcoin and Doge.
First of all, as he already did in the past, he wrote in his bio that he is the former CEO of Doge.
This is obviously a joke, driven mainly by the fact that he has always been very impressed by the success of this cryptocurrency born as a joke.
He wrote in a tweet:
“One word: Doge”.
But the most interesting, curious and ambiguous tweets are those he dedicated to Bitcoin, with some more or less explicit references to sexual activities.
The most sensational one is a meme based on an illustration by the famous Milo Manara.
In this meme, Musk seems to say that these days he can’t have a normal productive life because of the distractions caused by Bitcoin.
In another, he says instead:
“Bitcoin is my safe word.”
It is likely that this is also a sexual allusion since “safeword” is a term used precisely in certain sexual practices.
However, this same tweet included a response that reveals the playful nature of this initiative:
“Just kidding, who needs a safe word anyway!?”.
He then added a couple of other tweets that clearly reveal his joking intent.
Given the extremely peculiar nature of these tweets, at first it was even thought that his profile had been hacked. But, 24 hours later, there’s nothing to suggest that he didn’t write those tweets himself, since they haven’t been removed yet, and Musk hasn’t denied that he wrote them.
Elon Musk, the suggestion to convert Tesla’s balance sheet into Bitcoin
But the most interesting discussion is the one born between Elon Musk himself and MicroStrategy CEO Michael Saylor, in response to the tweet with the meme.
In fact, Saylor suggested converting Tesla’s balance sheet into bitcoin, and Musk responded by asking if such large transactions were possible. Saylor replied yes, and this exchange of tweets in turn generated a wide reaction in the crypto community.
For example, Anthony Pompliano wrote:
“The internet will break if Elon Musk converts any of Tesla’s balance sheet into Bitcoin”.
However, Pompliano himself later revealed that he considers this hypothesis only 5% likely.
The fact is that, despite the obviously playful tone, it seems that under the surface Elon Musk harbours a real interest for Bitcoin and cryptocurrencies.
That is, it doesn’t seem to be just a matter of memes and jokes, but that Musk is really interested in these new financial assets.
The year 2020 has seen an almost complete change in the way large institutional investors view Bitcoin, and Musk may be no exception. Certainly, it was MicroStrategy and Michael Saylor’s stance that marked the definitive turning point, as he confirmed in the tweet above that he has purchased over $1.3 billion in bitcoin in the past few months.