Michael Saylor, CEO of MicroStrategy, who bet $ 425 million on Bitcoin earlier this year, advised Elon Musk on how Start investing in digital currencies.

According to a tweet posted Sunday, Saylor suggested that Musk convert Tesla's balance sheet into Bitcoin (BTC) - a company that currently has a market value of more than $ 658 billion. According to Acet Dash.

The CEO of MicroStrategy also indicated that a figure like Musk taking the lead in adopting Bitcoin could lead to other companies in the S&P 500.

Saylor then offered to share a working guide with the CEO of Tesla from one rocket scientist to another, indicating that he had bought $ 1.3 billion in Bitcoin this year.

Musk, CEO of Tesla and SpaceX, has an estimated net worth of over $ 153 billion, but as of February 2019 he owned only 0.25 Bitcoins personally. .

On the other hand, Saylor, whose net worth is 300 times less - about $ 500 million - led the business intelligence company MicroStrategic to make one of the largest Bitcoin investments from the Major financial this year.

The CEO saw the value of his initial Bitcoin purchases of $ 425 million this year more than doubled with the recent rise in the asset to $ 24,000.

other cryptocurrency players have been quick to respond to Musk's inquiry about the possibility of a large-scale purchase of cryptocurrencies, telling Sam Bankman Fried, CEO of FTX, cryptocurrency derivatives exchange. Hong Kong-based, billionaire that he could implement such a plan over the course of a week.

Jiminy co-founder Tyler Winklevos also participated in the conversation, advising Musk that there is plenty of cash to get that done.

Saylor has been vocal in its support for Bitcoin since announcing MicroStrategy's first Bitcoin purchase of $ 250 million as a reserve asset in August.

He commented that tech companies such as Apple could achieve $ 100 billion in market capitalization gains by integrating Bitcoin into Apple Pay and building a secure digital currency wallet. On iPhone, buy cryptocurrency assets from the tech giant's treasury.