Social, technology, and market influencers are influencers for a reason. When Elon Musk enters the Crypto-world, he is spotted reading a book about cryptocurrency. Similarly, It sends the cryptocurrency community and with it, a larger section of IT enthusiasts into a frenzy, we all know something serious is about to go down!!

Accepting Cryptocurrencies

Elon Musk, who is synonymous with bringing the cutting edge electric automobile, known as Tesla, to life, and has gone on to initiate various technology ventures such as SpaceX, But the crypto-news doesn’t end there!! There’s something more to come. If you have guessed it by now, well done! Yes, Musk’s ventures have now started accepting cryptocurrencies. Every move he makes only proves his prowess and vision of helping humanity. To achieve its next milestone in terms of invention and exploration.

The Boring Company was Founded by Elon Musk in 2016. It is an infrastructure and tunnel construction company, and quite a well-known as well as an ambitious project of  Mr.Musk. Furthermore, He revealed in a conference that this venture had started taking up 3 percent of his total time. And now has become a personal hobby. The firm looks to create a web of underground tunnels. Which eliminates the chaotic traffic in major cities around the world.

Elon Musk enters the Crypto-world-The link of this company to Elon reading a book about cryptocurrencies is that The Boring Company has reportedly started accepting various cryptocurrencies which have created a huge thought-storm. The thought being: when Elon Musk makes a move, it is expected to be something big. And it IS big indeed as it has caused the whole world to look at the importance of cryptocurrencies. 

The Boring Company

Around the time when the first tunnel for the company’s project was being built, Musk had announced the release of a new product line which includes hats and other fire-related equipment branded as “Not-a-Flamethrower.”

Therefore,these products can be reportedly be purchased using  Bitcoin, Ethereum, Bitcoin Cash and Litecoin as payments.

 Is it the first time Musk has been in news for crypto-related things?

Well, no. Musk has been in news for his views on cryptocurrencies and various events surrounding his views. Musk reading a crypto-related book was just one of them. Here are some more instances :

In February, he said he holds 0.25 Bitcoin that his friend had given him.

He said he wanted Ethereum even if it is a scam.

 

  • He expressed his views on Malicious Bots that impersonated celebrities, him in particular, and cheated people by asking them for cryptocurrencies, by mocking them. Twitter has issues handling cryptographic money trick specialists who claim to be prominent, confirmed individuals like Elon Musk. Con artists utilize bots to make Twitter profiles that are from regular lay-people to leading figures in the realm of tech and digital money, putting on a show to give away Ethereum and different coins. The digital cheats encourage clueless people to send them a small amount of crypto from what they may have and guarantee a bigger sum sent to them in return. Which ultimately, never happens.

To battle back, Twitter has begun to instantly suspend clients with unsubstantiated records who change their presentation name to ‘Elon Musk’.

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