Price of bitcoin jumps after Elon Musk says it is 'a good thing'
by Jasper Jolly from on (#5DKMH)
Cryptocurrency rises above $38,000 after Tesla boss changes his biography on Twitter to #bitcoin'
The price of bitcoin rose on Monday after Elon Musk, the billionaire Tesla chief executive, said he was a supporter" of the cryptocurrency.
Bitcoin is a good thing," Musk said in comments broadcast on social audio app Clubhouse on Monday. Musk said he was late to the party" in backing bitcoin.
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