Elon Musk reveals SpaceX investment in Bitcoin.

At The B Word conference, Elon Musk disclosed that SpaceX invests in Bitcoin.

Can we start the bull run now? pic.twitter.com/RyRHfN32hv

— Crypto Godfather (@CryptoGodfatha) July 21, 2021

“I own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin”, he said.

Musk also said he personally owns Ethereum and Dogecoin.

As of writing, Bitcoin was trading around $32,000. The asset had risen about 8% in 24 hours, according to CoinGecko.

Dogecoin rose 18% in 24 hours. At the time of writing, the DOGE token traded at $0.2, according to CoinGecko. The second-largest cryptocurrency was priced at $2,000.

According to The B Word’s official site, the conference aims to explain how institutions can begin accepting Bitcoin and how we can all support the network.

Joining Musk at the event were Twitter founder Jack Dorsey and ARK Invest founder and chief executive Cathie Wood.

Earlier, on February 8, 2021, Tesla announced the automaker’s investment in Bitcoin worth $1.5 billion. Later, Musk described the move as ‘quite risky’.

In late March, Tesla began selling cars for Bitcoin, and in late April divested a portion of its ‘digital gold’ worth $272 million.

On May 13, the company paused sales of electric vehicles for the first cryptocurrency due to concerns over the environmental impact of mining. The asset’s price reacted with a drop, and the community criticized it.

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