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Lew Later

Elon Musk is BACK ON BITCOIN...

Lew Later

Quickscope Media

Tech News, News, Technology

4.81.9K Ratings

🗓️ 15 June 2021

⏱️ 70 minutes

🧾️ Download transcript

Summary

Elon Musk appears ready to embrace Bitcoin once again. Get a Latercase - https://latercase.com UNBXT Hat - https://bit.ly/31LMIgK --- Subscribe for more internet + tech news. Email questions to will [at] lewlater dot com.

Transcript

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0:00.0

Well, it looks like Elon Musk's sort of turned things around a little bit on the crypto

0:21.0

side.

0:22.0

I mean, I don't know how major this is, but it's had an effect as it would.

0:29.0

Everything is how it had an effect in other direction the other time, when he bailed

0:33.8

on Bitcoin or at least Bitcoin people had suggested he bailed on Bitcoin.

0:40.0

I don't know that he ever permanently bailed on Bitcoin.

0:42.8

He just, I don't even remember what the tweet was, but there was growing concern about the

0:49.0

environmental impact of Bitcoin mining to which was hotly disputed, obviously.

0:59.0

But today we have an update on that.

1:01.0

Well, he was back active on Twitter, sending markets to the sky and beyond.

1:09.2

The space and beyond, to Mars and beyond, he was replying to a tweet, comments from Magda

1:17.4

Vera Sika, CEO of South African asset manager, Signia, who said that Musk suites on Bitcoin

1:25.5

prices were market manipulation and should have triggered an investigation by the US

1:29.3

securities and exchange commission.

1:31.0

Wow.

1:32.0

So, I mean, there's a so many different accusations being waged when people, when you play

1:40.9

with people's money.

1:42.3

Yeah, when money gets involved, it gets way more complicated.

1:47.1

A lot of-

1:48.1

Don't play with people's money, well, don't play with people's money.

1:54.0

You leave that alone.

1:55.0

That's your money.

...

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