Elon Musk is notorious for shilling Dogecoin quite often and Bitcoin a few of the times post-Tesla’s $1.5 billion Bitcoin purchase. However, now he has set his eyes on the defi market, the biggest success story from the crypto space in 2020. Musk tweeted
Don’t defy Defi
Don’t defy DeFi
— Elon Musk (@elonmusk) March 25, 2021
Only yesterday Tesla opened its long-awaited Bitcoin payment option for its cars in the US Customers and more importantly set up its Bitcoin node with open-source software. Musk also promised that all the Bitcoin from car purchases would be kept on their node and won’t be converted to fiat.
Musk’s regular dogecoin tweets also put him in trouble as SEC suggested earlier that they might question tech billionaires for his irresponsible tweets.
Is Musk Following Defi Boom?
Decentralized Finance or Defi became one of the biggest success stories of 2020 turning into a multi-billion dollar industry. The total value locked in defi reached $45 billion this February. Given Musk’s interest in cryptocurrencies, it’s not a big surprise if he has been following the boom.
Musk also proposed selling an NFT on defi protocol Polygon-powered Cent.
First @jack, and now it’s the legendary “Technoking of Tesla” @elonmusk using Polygon!
You can own this Elon Musk autographed tweet on the Polygon-powered platform Valuables @cent.
The current bid for ownership of this NFT is at 1.12M$ https://t.co/fMNV7SBVNy
— Polygon (previously Matic) (@0xPolygon) March 16, 2021
With Bitcoin’s mainstream boom eminent, the next big …
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