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Ethereum Jumps After Elon Musk Confirms He Owns The Cryptocurrency

A.F 22 July, 2021 10:39 am Cryptocurrency, Market Update

The price of Ethereum soared Wednesday, July 21, after Tesla and SpaceX CEO Elon Musk said he owns the cryptocurrency at The B Word, an event hosted by the Crypto Council on Innovation.

Ethereum, which was already rising on the day, reached its session highs after Musk’s comments.

Musk also reiterated his support for cryptocurrencies in general, and said that as bitcoin mining is increasingly powered by renewable energy, Tesla will likely move to accept bitcoin for transactions again.

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