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Crypto-Twitter Explodes as Elon Musk Endorses Bitcoin Yet Again

Crypto-Twitter Explodes as Elon Musk Endorses Bitcoin Yet Again

Yesterday, popular British author J.K Rowling took to Twitter to express her difficulties with understanding the logic behind the world’s most talked-about Cryptocurrency, Bitcoin . The cryptocurrency community was generous enough to enlighten the award-winning writer on the structure of Bitcoin.

As reported earlier by ZyCrypto , some top Cryptocurrency personalities including Vitalik Buterin were quick to help break down the rather  “complicated” concepts of Bitcoin. The conversation soon got a lot more interesting when billionaire engineer Elon Musk chimed in, and as expected, the Twitter Cryptocurrency community was thrilled.

Elon Musk vouches for Bitcoin

It all started when a popular tech consultant Dean Johnson, tagged Musk to one of Rowling’s tweets where she expressed her distrust in Bitcoin, although this was a blatant joke as it was made in response to a comment referencing some fictional characters from her books to Bitcoin.

Musk chimed in regardless, with a tweet that reaffirmed that his stances were in favour of Cryptocurrencies. The CEO of Tesla once again emphasized Bitcoin’s value by explaining to the Harry Potter writer that in comparison to Fiat currencies, which he noted to be controlled by centralized organizations, Bitcoin is better structured, and thus more reliable. Musk also revealed that he holds only 0.25 BTC, which is nearly $2,350 worth of Bitcoins at present.

Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet 
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