Elon Musk once again sent ripples through the price of Bitcoin after declaring that he's a supporter of the largest cryptocurrency.
Speaking on social audio app Clubhouse, the billionaire said at this point he thinks "Bitcoin is a good thing," adding he's "late to the party" and should have bought the cryptocurrency eight years ago.
The digital coin spiked to almost US$34,500 Monday amid the comments, before easing back. It surged as much as 16 per cent on Jan. 29 to over US$38,000 after Musk changed his Twitter profile to "#bitcoin." That rally mostly ebbed by Monday.
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