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Elon Musk's Change of Attitude Sparks Attention
TSL CEO Elon Musk posted on X praising Bitcoin's energy consumption mechanism, stating "The authenticity of energy guarantees Bitcoin's scarcity," which contrasts sharply with his 2021 stance of suspending Bitcoin payments on environmental grounds. TSL currently holds 11,509 Bitcoins, worth approximately $1.28 billion.
President Nayib Bukele of El Salvador announced that banks can transform into Bitcoin-only institutions, with a minimum registered capital of $50 million, attracting global institutional investors. Although the country's Bitcoin holdings are floating loss of $60 million, the government remains committed to promoting cryptocurrency as legal tender. $BTC