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[서울신문] Elon Musk on Twitter “Excession”… Aiming for Bitcoin? (Total)

<a rel="nofollow" href="https://img.seoul.co.kr//img/upload/2021/02/23/SSI_20210223172358.jpg" title="일론 머스크 테슬라 최고경영자(CEO)
Reuters Yonhap News” style=”padding:0px;margin:0px”>

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▲ Elon Musk, Tesla CEO
Reuters Yonhap News



Elon Musk, Tesla’s CEO, left the word’Excession’ on his Twitter on the 23rd (local time), attracting attention.

‘excession’ means’excession, excessive’, and the interpretation of the meaning of Musk’s posting is divided.

First, it is interpreted that Tesla’s stock price plunged 8.6% from the previous day in the New York Stock Market on the 22nd was evaluated as an’excessive decline’.

As the 10-year U.S. Treasury bond rate soared to the 1.35% level, the highest since February last year, the impact of large-scale IT was large. When government bond yields surge, high-growth companies that relied on easy loans are particularly hit hard, and the attractiveness of stock investments is relatively reduced.

However, in the case of Tesla, it was pointed out that Elon Musk’s’mouth’ caused the stock price to decline by itself.

Musk’s CEO tweeted that “the price of bitcoin looks high” on the weekend, which led to a plunge in the bitcoin price that day, and Tesla’s stock price, which invested $1.5 billion in bitcoin last month, is analyzed.

In addition, there is an interpretation that Musk’s CEO expressed the view that the price of bitcoin, which has recently skyrocketed, is too high.

Musk said on the 20th that “the price seems to be high” regarding Bitcoin.

Bitcoin has soared 350% over the past six months as investors have been rushing to buy, and it has risen 64% only in February.

On the 19th, the market cap exceeded $1 trillion for the first time.

Elon Musk Twitter

▲ Elon Musk Twitter



Musk is the one who ignited this bitcoin craze several times. He publicly declared that he was a “Bitcoin supporter” on the 2nd, and Tesla announced the purchase of $1.5 billion worth of bitcoin on the 8th, triggering the rally.

On the 19th, Musk also said, “Holding bitcoins is less stupid than cash. When the real interest rate of fiat currency is negative, only idiots (Bitcoin, etc.) don’t look anywhere else,” defending Tesla’s decision to invest in Bitcoin.

Reporter Shin Jin-ho [email protected]

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