- Elon Musk says he agrees with Vitalik Buterin.
- Musk’s promotion for Ethereum founder leads to speculation about him turning into an Ethereum proponent.
After being discarded by the Bitcoin community, Musk seems to have found a new liking for Ethereum as it fits well with his mining narrative as well, given ETH is all set to make the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
Musk while responding to a podcast tweet of Lex Fridman with Ethereum co-founder Vitalik Buterin as a guest, said that he pretty much agrees with Vitalik.
I pretty much agree with Vitalik
— Elon Musk (@elonmusk) June 5, 2021
Bitcoin is a truly decentralized community that didn’t agree with many centralized proposals of the tech billionaire, prompting him to go after the fundamentals of the top cryptocurrency. Yesterday in a cryptic meme tweet Musk hinted at a possible ‘break up’ with Bitcoin.
— Elon Musk (@elonmusk) June 4, 2021
Many interpreted his latest tweet as a possible hint at him dumping his Bitcoin holdings. Just a day later his Vitalik appreciation tweet now has fueled discussion about him possibly turning into an Ethereum proponent.
Is Elon Going to Buy Ethereum Next?
Musk’s bashing of Bitcoin’s PoW mining consensus followed by Bitcoin trolling has made many believe he has moved over Bitcoin. With his latest tweet about Ethereum founder, the speculations are high that he might be adding Ethereum to his portfolio next.
The recent promotion of Ethereum by Musk can help the second-largest cryptocurrency gain more mainstream attention at a time when the network is making a key transition with an evolving ecosystem.