“Me neither”: this is the answer that Elon Musk gave to the writer Ben Merzrich, who tweeted in recent days that he will never “refuse to be paid in bitcoin again. “. Merzich’s tweet dates back to last Friday, when Bitcoin reached its all-time high of 42 thousand dollars.

Me neither

?? Elon Musk (@elonmusk) January 9, 2021

Tesla’s boss, recently the richest person of the world (although the top spot will continually be contended with Jeff Bezos, as the fortunes of both are strongly determined by the value of Tesla shares for Musk and Amazon for Bezos), he is known for his laconic Twitter releases, so terse that often leave room for many interpretations, but who knows that one day Musk will not decide to accept the most famous cryptocurrency in the world for those who want to buy a Tesla car or … a trip to Mars.

Bitcoin, high volatility and value fivefold by halving

Perhaps, however, before making risky moves it is good that Bitcoin reaches a point to moderate the enormous volatility that distinguishes it always. In fact, almost ironically, two days later Musk’s tweet Bitcoin saw its value reduce by almost 30%, marking a minimum of just over 30 thousand dollars yesterday. In short, it is difficult for the most famous cryptocurrency in the world to be widely accepted as a form of payment as long as the fluctuations in its value remain so large in such short periods of time .

In any case, Bitcoin is rediscovering a new spring, in terms of value and consequent market capitalization, after the unbridled bull run of 2017. Following the halving that took place in May (the halving of the reward for those who validate a block of transactions on the blockchain, we talked about it here: Bitcoin: today is the day of the halving. Here’s what happens and why it is important) cryptocurrency has seen its market capitalization almost quintupled in just eight months and on January 9th reached a maximum of 748 billions of dollars.