joe: owing back to that question, when elon -- going back to that question, when elon musk even askedthis was possible, putting a lot of money into bitcoin, how do you execute the trade, and then how do you store it in a way that makes sense? you hold your keys or a third-party? how should companies think about that? michael: there are institutional grade providers, and you either go the route of buying bitcoin, and you can do it with firms like coinbase, or you go in with grayscale or a firm that does both, and generally, these are institutional grade providers that will do the trade. they will acquire the asset and process it for you. between their offering and the fact that we published a corporate playbook for bitcoin acquisition, i think it is becoming similar for the typical corporation and speedier. romaine: they call it elon musk a genius for listening to you. while we were speaking, a mayor is looking to add bitcoin to that city's balance sheet. what you think of that? michael: i think it is brilliant. state and municipal governments, they have got a challenge. they have got

emily: your fellow tech titans like jeff bezos and elon musk -- jeff bezos and mark zuckerberg and elonare all tackling different elements of the climate crisis. i'm wondering if you should all join forces, like the climate avengers, to really take this on. bill: elon -- tesla pioneered the electric car market, which is great. his challenge for direct capture will be good. jeff bezos has made a gigantic commitment with his climate fund. and actually, i am talking to him. we will end up doing some things in partnership. and we will at least see, understand what the other one is up to. i agree, as we get more people engaged, figuring out, what is the path for innovation? both supply and in demand innovation? we should brainstorm more. our individual ideas are part of the strength of crazy entrepreneurs working on this problem. emily: how might we see you partnering with jeff bezos? bill: she has -- he has funded a lot of the key organizations. he is part of breakthrough energy ventures. how you create a demand side, even in the early stages, where the green premium is high, that scenario,

bill: elon -- tesla pioneered the electric car market. jeff bezos has made a gigantic commitment with his climate fund. i am talking to him. we will end up doing some things in partnership. i agree, as we get more people engaged, figuring out, what is the path for innovation? we should brainstorm more. our individual ideas are part of the strength of crazy entrepreneurs, working on this problem. jeff bezos has funded a lot of the key organizations. he is part of breakthrough ventures. how you create a demand side, even in the early stage, that scenario, where we need something. all the missing pieces -- we talked about it as being catalytic in nature. we want to bring countries and governments in on that. emily: jeff bezos has made that $10 billion commitment, but the amazon cardboard boxes and the trucks for delivery. shouldn't a company like amazon be able to figure something like that out? bill: you cannot put every problem on amazon. they are part of the economy, delivering goods. there scope for emissions is gone -- is large. there i

i'm glad that gordon just brought up elon musk and tesla, but elon is raising eyebrows yet again withtween, and that has at least one cryptocurrency going absolutely crazy. we're going to explain next. and after struggling for years as an entrepreneur living without a salary -- yeah -- perna gupta and her husband sold their belongings and quit their jobs to travel the world inspiring her latest adventure which is the hooked app. downloaded more than 100 million times. she is now the queen of apps. you've got to hear her story on my everyone talks to liz podcast. it's available on spotify, google, apple. wherever you get your podcasts. dow is still up 278. we've got the nasdaq on track for a new record, it's up 128. ♪ ♪ ♪ limu emu & doug ♪ hey limu! [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... oh, sorry... [ laughter ] woops! [ laughter ] oh, good evening! meow! nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. ♪ liberty, liber

it was a very wide-ranging appearance from elon musk. count on one man to bring the conversation back, and he talked not just about robinhood and read it, but also about bitcoin, moving the price of bitcoin for a second time in a week. he also had his tesla ceo hat on and addressed issues of a supplier, saying "it is important to emphasize to our suppliers, we are not trying to put them out of business, we want them to increase the rate." i thought that was interesting because this is a man who is ceo of a publicly traded company, also the ceo of spacex. companies he discussed, spacex's ambitions going to mars. he talked about nora link putting technology into the brain of a monkey that is now capable of playing video games. they plan to release images of that within a month. he also talked about his own personal life, that while he may be regarded as a genius, it has been hard for him at times. this is classic elon musk, reflective of him using alternative channels to communicate, mirroring some of the stuff he puts on twitter from time

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elon musk has loved bitcoin.now, there's a board and you always have to hear from the board, and in a quick and timely fashion, but it's a cash management tool, and when dan schulman said last week, pay pal, it is norm form of currency and why shouldn't tesla adopt it as another form of currenciy >> the yes i would ask though, people often times pursue buy backs if they think their stock is too low and and you have extra cash lying around and you're making an investment. and the question is is it an investment or can currency play and if it is an investment bitcoin is a better bet right now at the valuation is today than tesla stock is today, for example. >> it is a great question. when i speak with apple, you guys earn nothing on your cash, and people aren't owning our stock, and they are making a lot of money on the cash position, i think this is better for bitcoin than tesla, but you know the enthusiasm we're getting in various places around the web, and elon musk is a visionary figure that has gotten a lot of

i think elon is having a lot of fun. i think he likes trading dogecoin because it is fun and some celebrities like doing it because it is fun. emily: all right, the joke we will continue to follow. joe weisenthal, thank you so much, as always, for joining us. all right, coming up, we are continuing the tesla/bitcoin story, and were apple stands with electric cars. speculation. all of that next. this is bloomberg. ♪ want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. emily: as we have been covering, bitcoin surging to another record high monday as the cryptocurrency touches the 44,000 dollar mark, in part because o

right now, let's bring in phil lebeau to talk about elon musk and crypto. phil >> earlier this morning, tesla dropped the 10k and in that it was confirmation of something that has been rumored over the last few weeks on wall street. tesla has bought $1.5 billion of bitcoin on the cash and securities it had on hand which is by the way $19.4 billion at the end of 2020, and why are people fixated on whether or not we might see a bitcoin move by tesla. remember, it was on december 20th that elon musk tweeted that bitcoin is my safe word. so this is all going to bring up the question, how much interest has elon musk had in bitcoin, and look on the twitter feed, he had bitcoin symbol on his twitter profile. so, that is a while ago and within the last few week, and not up there for a real long time, but long enough for people to take note of it, and also looking at tesla and what they said this morning, the company says they plan to accept bitcoin as form of payment, and i'm not sure how many people are planning to spend bitcoin in a model s or x, but they are goi

gold bug and crypto skeptic peter schiff taunting elon musk.coin is almost as b.s. as fiat, or government-issued currency. schiff tweeted gold is better than bitcoin and fiat currency. musk responded, quote: often -- an e-mail saying you have gold is not the same as saying you have gold. an hour later musk had this follow-up post. quote: that said, btc, bitcoin and here to yum do seem high, lol. in a fox business exclusive, euro pacific capital's peter schiff joins us. but you don't get a full ride, we're bringing in block chain manager peter venuto. you started disagreeing with musk's position on friday, and how surprised were you when he replied? >> well, i think this is the first time he's replied. i've mentioned him in several tweets, you know, over the months. but, yeah, you know, or he replied in the middle of the night, so i didn't know it until i woke up saturday morning because i got several e-mails and texts that said musk replied to your tweet. you know, people should read my replies because they're very end lightening to his replies

if elon musk says it is worth something, does that mean that it is? just like a flooring kitty says so, or no? joe: it is probably less different than people would like to believe. there is a difference between the two. in a way, the roaring kitty gamestop long hypothesis was may be even more fundamental based than a call for bitcoin at this point. not necessarily in terms of price, but in terms of the logic, but, look. we do live in this sort of moment where influencers can emerge out of anything, and they can decide a stock is worth more, and it could be a joke currency, like dogecoin, and it is also at record highs. it is a weird moment, but it is the intersection of social media and the community and more to make all of this possible. emily: and quickly, because we have some great video, what is dogecoin, and why does elon like it? joe: it is a joke currency, but people like being in on jokes. the joke can get bigger and bigger the more people that repeated and the way you repeat it is by buying some. i think elon is having a lot of fun. i think t

there's nothing elon musk likes more than making people crazy. people talk about security -- we will have two wait. it's all about faith and confidence and people want to pretend it's a good store of value, than the price. go up. people thought gamestop was a great store of value. kim: is there any value bitcoin would get to in which you would change your view of it? if it reached $200,000, would that change your opinion? william: no. what would change my opinion is if you could use this thing widely, whatever it is, this currency, to buy things. if i could use bitcoin to buy a house in a liquid way, not just in a one-off way on a daily basis as part of my daily life, yes. if i could get my hands on it -- i can always get my hands on dollars and use it to buy a house or a car or food. you can't do that with bitcoin except one-off circumstances. kim: i want to talk about the difference between stable coins, by which i mean cryptocurrencies to save a dollar and you have central banks getting involved in digital currencies. what does that say to you

our nbc news exclusive with spacex's founder, elon musk. the commander of fellow billionaire with a life-saving mission of its own president biden meeting with senate republicans the new body cam video, a nine-year-old girl pepper sprayed in the back of the police car what is now happening to the officer. the sudden death of dustin diamond. tony bennett's secret battle, the secret, he kept for years. >> this is nbc's "nightly news" with lester holt we are spending the first several minutes of our broadcast in our lead story, the major winter snowstorm in the northeast with blizzard-like conditions over a foot of snow is already on the ground and still falling. the city under a state of emergency, not essential travel is banned but the impact is felt by 65 million people under winter weather alert from central appalachia to new >> reporter: a powerful nor'easter pummels the coast dangerous road conditions. >> very hard to drive. >> reporter: more than 800 flights cancelled at major airports as new york and new jersey declared a state of emer

i'm surprised elon musk has fun tweeting about it.a purpose to be a store of value. of the elements on the periodic table, only gold has store of value. other cryptocurrencies currencies like ethereum have a real purpose, built as a global trust layer, a centralized supercomputer if you will. d-fi has a purpose, derivative trading already decentralized insurance company or exchange. dogecoin does not really have a purpose. it is a meme coin. >> when we talk about i guess the longer-term outlook not only for bitcoin but i guess what you would call some of the more established crypto outlets, there is a lot of talk that this is a replacement for what in the old days would have been people hoarding gold or silver. is there a world in your mind where we could continue to see appreciation in crypto assets and precious metals. >> i think if we had chairman powell on the split screen, i would blame him for all of it. lagarde today said, we will keep the money coming. when you have this kind of monetary policy, people will find new ways to st

at bitcoin blasting through the all-time record ceiling is stands at $43000, this digital token the elon musk, tesla charging a bitcoin after the announcement of the three, investment of the crypto currency that has the entire crypto universe moving at light speed from light coin to dolch coin to ask rp in war, we have all the mega moves and whether the sec can rain down on the crypto parade, two experts with skin in the game are here in speaking of games what can football fans do now that the big game is over, how about develop the next eastport franchise. then i felt teaming up with skills in a blockbuster deal that have gamer fans do just that. in his first interview since last night's big game and your paradises here on how the partnership with the nfl is going to work and who's going to create the game and how much is a cut the nfl is going to take, market less than an hour away we will check on gamestop, amc, apple, hyundai in more because they are all on the move but to our top story crypto dancing across the screen as tesla revealed its purchase $1.5 billion worth of bitcoin and

this is all a question for elon musk and tesla, but for any ceo. what do you do with your cash and securities on hand how do you manage them how do you invest them from elon musk's perspective and the tesla board, they believe that cryptocurrency, at least a portion of it, makes sense they're investing up to $1.5 billion. they also said today in the 10-k, they may invest in gold. that's why you see all of the digital occurrencies moving higher today because you could see other currencies being held by tesla in the future. elon musk has tweeted about cryptocurrencyies five times in the last -- tesla is also say it may accept bitcoin for payments of vehicles in the future. that's an option they are now saying is a possibility now that they are dealing with cryptocurrencies, back to you, guys. >> i guess it is a little curious why they would choose to manage their cash in bitcoin, but not yet accept it as a value worthy of paying for a car let me ask you this -- when you think about short-term securities, they tend to value stability of price above ev

elon musk sending dogecoin soaring again.et to your report, what is this about me being involved about a tweet about nine susan: it's your world and we just live in it. we were talking about a video elon musk tweeted out-- there you are. actually started the video. elon musk cheerleading the cryptocurrency tweeting out, who led that dogecoin out over the weekend another celebrity judge joined in including snoop dogg, of course snoop dogg taking advantage of this. gina simmons of "kiss" tweeting he bought dogecoin because he thinks it will go up and with all the celebrity power you can imagine dogecoin went up hitting a record high above 8 cents according now worth $10 billion in market value. remember the coin started off as a joke in 2013, but thanks to social media and other reddit brigade and its actual real money, real value. are we going to run some of that video? stuart: show me, show me. susan: awesome pronunciation as there are multiple ways to pronounce dogecoin. dogecoin like the palace in venice is the way the foun

it's not just in elon musk.g dogecoin online and it started off as a joke in 2013. however, i would say the "wall street journal" came out with an interesting report saying there's a big oil trader in dogecoin, someone has amassed $2.1 billion in dogecoin, roughly 20% of all of dogecoin in circulation right now. stuart: who is a? susan: that's the question. some are guessing mib elon musk given the account number the identifier is the equivalent to his birthday which is june 28, 1971. however, who knows. we don't need to speculate, but there are lots of easter eggs that-- stuart: someone has to billion dollars worth of dogecoin? susan: yes. stuart: bitcoin, that he $1000 and let's bring in douglas borthwick our crypto guy this wednesday morning. i want to know about elon musk. i want to talk dogecoin, elon musk says by it and it goes to 8 cents a coin then he says a sell it and it comes down to 5 cents a coin. what's going on here? some people have been left holding the bag, the little guy. do you approve of tha

it is about the genius of elon musk. he is listening.ou're going to see every company in america do the same thing. it doesn't have to be a lot. it is the messaging that matters. what elon is doing, let's just listen to mike's comments. >> i originally thought bitcoin would end the year at $50,000 or $60,000. things are happening so much faster than i predicted. the corporate adoption rate and the institutional rate is growing faster than what i thought it was. i think it could be at $100,000 by the end of the year. >> we haven't breathed between 40 and 48 bucks. is this a frenzy? is this a mania? what are people saying to you? good morning. >> good morning. yes. frenzy is probably a good description. people just can't seem to get enough of it. it is not just bitcoin. we're seeing it as well in some other smaller cryptos as well having extraordinary gains. we have seen an acceleration this week because now we have futures as well as futures on bitcoin. one of the things going on in the background, the focus is on the cash rate of bitcoin

elon musk admits the price does seem a bit high.s take a look at the markets as japan and korea join the fray. what are you seeing, sophie? sophie: japanese stocks gaining ground, nikkei and topics rising while the yen is on the back foot. jp morgan very much in focus, under concerned the d -- the boj has mixed months. we will see if they can move to contain the pickup we see in the japanese yield. on the board and south korea, we are waiting for lines around the budget. the cost about .6 percent as we digest the latest flash numbers on trade. the first 20 days, export growth coming in 20% year on year. chip exports rising 27% and on that, we are watching lg can with rocio saying a possible battery partnership could be had with lj can on local media reporting it. so far this morning, we see chipmakers boost the cost higher . let's switch out the board -- all markets very much in focus as the national petroleum we kicking off and crude back above 59 barrels and brent above 63. aussie shares, we see some downside moves there. adding m

elon musk now says the price quote does seem high. what's he up to?an: bitcoin prices are falling back after almost cropping through 59000 sunday, incredible but elon musk is now a crypto crusader so he says he believes the price of bitcoin and ethereum do seem high lol, which means lots-- lots of laughter and even you know that. both cryptocurrency's hitting record highs last week appeared tesla also bought in one and a half billion dollars worth in bitcoin which was a big talent for bitcoin pricing. the tesla analyst believes tesla has made over a billion dollars of its bitcoin purchase already, not the first time in elon musk has pushed the price of the company or investments he makes sense, but we know dan eyes says tesla bitcoin investment, billion dollars more, more than the entire amount of sales for tesla cars last year. stuart: susan, i thought let lol was laugh out loud, but what do i know. susan: interpretation. stuart: exactly. hold on. to go back to keith. i want your thoughts on elon musk, bitcoin and yes, you just said you like tesla at

spacex, elon musk going to spend the first ever all civilian space flight up.to break that news you can catch it tonight on the "nbc nightly news. pete najarian, you've got to love it. space had a big day. big after hours. >> yeah. yeah, it's been an amazing run not always easy to hold on to, but i got it back in the spring. i continue to hold onto it this does fit the criteria of what we've been seeing when you talk about names that have fairly high short interests based upon people betting against this thing some of these moves do get exaggerated at times, brian. this might be one of them. stocks continue to make a move to the up side i'm going to continue to hold on >> well, tim, do you think it was exaggerated, 30% i think in 24 hours >> yeah, i do. first of all, good for pete. i definitely have not been in this trade and i do think the success of the suborbital plane. some delays and less successes have been big push backs this is great news for stories that people expect to be mainstream the people that own it don't care about valuation that's why you get

elon musk was on clubhouse, the social media platform last night. we'll be talking to the ceo of clubhouse a little later today but vlad tenav got on and effectively elon -- the ceo of robinhood. elon started effectively interviewing vlad about what happened he effectively reaffirmed or reconfirmed what he told us on "squawk box" last week but to hear both of them taking about it is quite a thing. maybe only speaks to where we are in 2021. >> what was elon's take on it? >> elon -- it seemed like what was happening is everybody was pushing on whether citadel -- whether there's conflicts, whether citadel was pushing on them to somehow close down part of the dave portanoy view of the world is because citadel has this arrangement with them was and losing money themselves, there would be conflict, or if the regulators are trying -- not trying to protect the small guy but robinhood was trying to protect the big guy. vlad stuck relatively to the script, it appears again, i have not heard the entirety of it, but in terms of what he had said to us last week,

emily: it was not just elon musk who said the price seems high. spoke to bill gates who cautioned against investments in bitcoin at all. take a listen. bill: elon has tons of money and he is sophisticated, so i do not worry that his bitcoin will randomly go up and down. people get bought into the manias who may not have as much money to spare, so i am not bullish on bitcoin and my general thought would be, if you have less money than elon, you should probably watch out. emily: not mincing words there, dan. do you think that bitcoin investment was potentially tesla getting ahead of itself? dan: i think it was a smart, strategic move. this is going to have a ripple effect. 3% to 5% of public companies over the next 18 months will have some sort of investment in bitcoin. there needs to be regulatory goalposts put in, but it is not going away. i know with musk and tesla, they will continue to see forrest for the trees and even though this will add volatility, this was the right, strategic move. transactionally speaking, even though there is some white

elon musk is, too. >> hed can like daj coin.ally associated with daj coin in any other way. and it started as a joke, so i think elon likes it, but the fact, tesla bought bitcoin, not dadgecoin. we listed a long time ago and we added it futures reasonably just because of the new demand on liquidity. we do where users go. rishaad: that was the chief executive of binance. ceo elon musk, in an interview, he responded in a tweet that tesla does not directly reflect his opinion and that having some bitcoin, which is "simply a less doubtful liquidity than cash" is adventurous enough for s&p 500 companies. he goes on to say, he is not an investor, saying he is an engineer and that he does not own any publicly traded stock, besides that of tesla itself. however, when a fiat currency, this is a pejorative for the use of the dollar, the yuan, only a full would not look elsewhere. so bitcoin is almost, and almost is the operative word here, it coin is almost as bs as fee -- fiat money itself. that was elon musk's response. haslinda: let's

. -- captions by vitac -- tomorrow the news with news with shepard starts now >>> elon mus >>> elon musk taking tourists to space. >>> tonight inside the new mission. i'm shepard smith. this is the news on cnbc >> the risk is not that it's too big. but too small. >> the president and the gop meeting at the white house at stake, the future of pandemic relief how much or how little may be coming your way? >>> more than 100 million americans are bracing. >>> a massive weather system hits the nation. roads washed out cities buried. the worst storm in five years broadsides the northeast the tonight the snow totals and the impact on covid vaccination efforts. >>> the variants are spreading mutant strains now in nearly three dozen states dr. fauci's new warning. >>> plus. >> he devoted his life to the great american song boca now it saves him. >>> tony bennett's family reveals the singer has alzheimer's. >> announcer: live from cnbc global headquarters, the news with shepard smith >>> good evening, crucial covid relief talks are underway right now at the white house president biden meeting with

i asked elon musk about putting nonastronauts on to a rocket around the earth elon, this almost sounds like a joy ride for somebody, and for the people who can afford it is that what this is or is it something more substantive than that? >> it's much more substantive. first of all, i think people will really enjoy, you know, seeing things vicariously from the video and watching the mission. it's like when america went to the moon in '69, it wasn't just a few people humanity went to the moon. we all went there with them. and i think it's something similar here we'll all be with jared on the journey, seeing it in real time. as mentioned earlier, this is going to be an important -- it's an important milestone on the road toward making access to space more affordable. whenever you have a new technology, it's impossible to suddenly -- to go from start to suddenly being able to have it accessible to all. and we hav the same thing with tesla. >> all right so if you are interested in going, all the details are coming out soon. it's all going to be about whether you can give any amount of money

i think it has the power of elon musk.becoming more powerful on a daily basis at the moment. he has a cult following and this cult following as incredibly powerful when you look at the market. he has been behind a lot of the movement in game stocks and amc stocks over the last couple of weeks or so which has seen those stocks rise hugely. bitcoin is flying. he can afford to lose money, he can afford to gamble, as it were. anyone watching this might be thinking this might be the time to pile into bitcoin. we have missed it, haven't we? when you have seen the big move, it tends to be the end of it. but bitcoin does have swings, it will go up again, it will fall lower. but there is a big issue over this and this is whether the exchange commissions, the regulators behind financial markets, will look into what elon musk is doing. because of the power he has, just putting something on his twitter account, which he did last week, it leads to such massive movements. he has been doing the same with crypto currencies. this is the th

there's nothing elon musk likes more than making people crazy. about security -- we will have two wait. it's all about faith and confidence and people want to pretend it's a good store of value, than the price. go up. people thought gamestop was a great store of value. kim: is there any value bitcoin would get to in which you would change your view of it? if it reached $200,000, would that change your opinion? william: no. what would change my opinion is if you could use this thing widely, whatever it is, this currency, to buy things. if i could use bitcoin to buy a house in a liquid way, not just in a one-off way on a daily basis as part of my daily life, yes. if i could get my hands on it -- i can always get my hands on dollars and use it to buy a house or a car or food. you can't do that with bitcoin except one-off circumstances. kim: i want to talk about the difference between stable coins, by which i mean cryptocurrencies to save a dollar and you have central banks getting involved in digital currencies. what does that say to you about the r

>> i think it's just elon musk leaning into the future. if it happens, if it occurs he's very strong minded. maybe he will. and the thing is it has to iterate throughout the system. it can't just be tesla how many people are actually buying tesla stock and i think it's a great car and everything else but, i don't know we'll see if he does it. does it really need to be used as a financial instrument to pay for things not so far i think it's interesting to be in this. a lot of people are in it as a speculative instrument and that's great you should be aware of what kind of instrument it is and we'll see where it goes and maybe cryptocurrency will be used. i don't know if it will be bitcoin but it's a financial tools trend to lean into in the future going forward >> right, and you raise a good point if it will be used some say that's what it needs to enter the mainstream in a bigger way. there's also square micro strategy do you think elon musk's move encourages more corporations to hold assets in bitcoin or allow them in transactions >> a lo

getting a lot of attention, elon musk is somewhat involved. that is what used to appear in the conversation with the robinhood ceo a lot of us tuned into there last week but clubhouse is 10 months old. it's a startup. it has already gone viral in many ways. in fact so popular the new information is, many chinese users who have been using the app to discuss censored top picks, can talk about the uyghur muslims in china, won't do it anymore. clubhouse is banned by chinese authorities. kind of know you made it banned by the chinese government. another sign you know you made it or think you have, valuation is like a billion dollars for this thing. you wrote a column recently about clubhouse. compared it a little bit to twitter but is this real deal or what do you think? >> well, i have competing thoughts about this. i have relatively little interest in it. when i'm sitting around at my home reading or talking to my family i don't say, gee, i would like to turn on an app and listen to strangers talking about a topic that interests me. that said i d

it is a topic elon musk tweets about regularly.he said during his debut on the clubhouse app last week that he wished he got into bitcoin earlier. he gave this story about where a friend presented him with a bitcoin cake in 2018 and he wished it was at that moment he first invested. at the end at of the day, elon musk is the chief executive of a publicly traded company. there are others out there. tesla's second in terms of mick coin -- a bitcoin -- in terms of bitcoin holdings. they were an early mover, but if you off the comments elon musk has made and track how bitcoin, the price of bitcoin has moved with those comments, i guess it is not a big surprise. shery: which is why some people are saying that could raise some flags for regulators. elon musk would not be new to more regulatory concerns. already in china, we are seeing regulators summoning tesla over quality issues. the chinese market is one of the most if not the most for tesla. this news is being overshadowed by all of the bitcoin stuff. ed: china is the growth market f

elon musk enthusiasm is going with tesla accepting bitcoin as payment.person who said corporations should be taking bitcoin and crypto currency. he is leading by example. musk and others are following. we'll be right back. ♪ how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... oh, sorry... [ laughter ] woops! [ laughter ] good evening! meow! nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. my husband and i have never eaten healthier. ♪ liberty, liberty, liberty, liberty ♪ shingles doesn't care. i logged 10,000 steps today. shingles doesn't care. i get as much fresh air as possible. good for you, but shingles doesn't care. because 1 in 3 people will get shingles, you need protection. but no matter how healthy you feel your immune system declines as you age, increasing your risk for getting shingles. so what can protect you? shingrix protects. for the first time ever, you can protect yourself from shingles with a vac

of those things can't just be willy-nilly in my opinion. >> that's an interesting point to make but elon musk had demonstrated his, you know, propensity for bitcoin back in december, so arguably he was driving up the price of bitcoin as the company was buying it so not exactly, you know, helping his own company in terms of establishing that $1.5 billion purchase in terms of participating to the upside, it's more so participating to the downside, care when i heard this news i first reached out to you because you probe the accounting of this it's very interesting. tesla is not necessarily a bitcoin proxy in the way it's accounting for this bitcoin purchase. >> no, it isn't, and the accounting of it says that you have to market it at the price you bought it unless it trades down and then have you to market it at that price but i don't think share holdlers care about that i think they just like the idea of it. i don't know when he bought it it's sort of fascinating to me, but i do think it's actually a really big deal. the when we talked not that long ago about the idea of institutional inve

elon has claimed in the past you shorted tesla -- is there any truth to that?think tesla is an amazing company. i wish i had more on the long side. it is great and i have lots of relatives who own teslas. nothing but positive thoughts about tesla and its role. >> that said, i am curious for your thoughts because tesla could potentially make more money from its bitcoin investment this year than profits from electric cars in all of 20/20. -- 2020. what is your take on that, you're bitcoin take and the fact that the price can go up or down from a simple tweet from him? >> elon has tons of money and he is very sophisticated so i do not worry that his bitcoin will randomly go up or down. i do think people buy into these manias who do not have as much money to spare. i am not bullish on bitcoin. my general thought would be if you have less money than elon, you should probably watch out. >> why aren't you bullish on bitcoin? >> there are things we invest in in society that produce output. bitcoin happens to use a lot of energy. it happens to promote anonymous transact

to answer your question about elon musk, i do think elon is a little bit of a -- you know -- he's alwayseen -- tried to do his own thing and little bit. i do not see a widespread adoption. what he has done here is really interesting. when you invest in a growth company, a company that you're expecting to exploded to the upside, you're not expecting it to go and find alternative assets to put your money in. you are not expecting it to go find alternative investment opportunities. you are expecting it to invest in productive capacity. elon has realized that by investing in bitcoin, he can make bitcoin and tesla more attractive to a certain group of investors. that group of investors would drive up the tesla price, drives down his cost of capital, makes it easier for him to invest in production capacity in the long term. francine: there is a whole other faction of the press looking at whether he could mine bitcoin in space and things like that. is it too soon to talk about what comes afterward? let's focus on bitcoin to keep things relatively simple. the bull case for bitcoin is that more b

elon musk probably likes it personally. annmarie: elon musk responded to our interview saying, quote, tesla's action is not reflective of my opinion. what do you make of all of this, elon musk saying it is a less dumb form. what do you make of institutions and s&p 500 companies buying bitcoin? are you expecting to see more? >> following the crisis last year, i thought it was a thought experiment. fiscal and monetary policy would be easy for a very long time. i think that is why it has sort of become part of the zeitgeist. there is this belief that monetary debasement will continue, whether that is well-founded or not. that is the per billing narrative. that gives rise to the notion of alternative asset players. other places you can park your money when so many economies at least until recently were near zero or below 1%. equity markets were overvalued and cash paid you nothing. i think from that perspective it is quite compelling. the practical use is still pretty nonexistent. the value intrinsically is really zero. it is w

i am immensely confident in what elon and the spacex team have delivered.his is not a new endeavor. they had the foresight 20 years ago to embark on this commercial space initiative. this is the company that brought human spaceflight back to the u.s. after nearly a decade since the space shuttle has been retired. those are human rated space craft by nasa, leveraging their 60 years of experience and lessons learned. now you have a company sending rockets up all the time and lending them on ships in the middle of the ocean. very confident in the technology, confident in the training to read even compared to some of my prior adventures, i was in antarctica year ago. if you get appendicitis there, it is a big deal. i think this is more on the safer side of some of the endeavors i have gone on. emily: what are you doing to prepare for this particular mission? what is the training like? how much time are you spending doing that? >> right now we kicked off inspiration 4.com. we are helping people figure out the crew members will be. we have an open seat for someon

elon musk has talked about bitcoin for a while.other companies, in, it would be potentially billions of dollars of support. tesla is the type of company where that works. they have a lot of influence. other corporate treasurers might not be as forward as getting in. haslinda: it is quite an endorsement by musk. tell us more about his history with bitcoin. joanna: he has flirted with it for a while. he was a crypto skeptic a few years ago, as many people were. it was more volatile then. over time he said, this is interesting. he tweeted in december, bitcoin is my safe word. in exchange with a strategy ceo, a real acolyte for bitcoin, he asked, what is the possibility of converting large transactions into bitcoin? he has been thinking about it for some time and made the move,$1.5 -- the move, $1.5 billion. rishaad: speaking of further adoption, do you expect other companies to do what elon musk is doing? joanna: it is possible. especially with companies in tech, you look at facebook, you might get something like that. or even in fina

just like that elon musk did the same thing for bitcoin.5 billion and you can pay for your vehicles he launched valuations into orbit. my next guest says he has been doing the same thing, i got to tell you folks for a long time. we want to find out what's next for bitcoin and overall for cryptocurrency. joining me best-selling author jayson williams. jason, now that musk is officially on board, he hinted at it for some time, how much pressure will there be for major corporations to get bitcoin on their balance sheet and accept bitcoin as payment? >> yeah, thanks for having me. i cannot overstate or emphasize enough how important this situation was. elon musk has gone through a very long, due diligence process with bitcoin. he brought his board through an evolution at tesla. they recognized and add add assessed the regulatory risk making this investment. they taken 10% of their treasury, $19 billion. they spent 1.5 billion of that and bought bitcoin. you look when he placed that bet. it was sometime in january. made that investment. it looks

it's made elon musk the richest man in the world.wealth, out of the ten richest people in the world now, six are us tech entrepreneurs — elon musk, tesla, jeff bezos, amazon, bill gates, ex—microsoft, larry ellison, 0racle, mark zuckerberg, facebook and larry page, google. joe biden has said he wants to look closely at competition around big tech, according to those close to him. i don't think he has a huge choice in the matter. within the business community, there is a growing chorus of voices who are realising that they're operating on a very unfair playing field. president biden is also reportedly considering hiring an antitrust tsar to look into monopolies in tech. other senior democrats have even called for companies like google and facebook to be split up. big tech has had a bumper year, but withjoe biden as president, they're likely to face more and more scrutiny. should so much power and wealth be concentrated in the hands ofjust a few companies on the west coast of america? james clayton, bbc news. it is just after 1:30am it

this is elon musk. i was going to use the word normal.al ceo, do they start doing this? that is a different argument. lisa: totally. it raises the question of who the core user will be. but to raise another issue you were talking about earlier in the break, we wouldn't even be having this conversation if there weren't such a huge manipulation in the printing of money, and this idea of a shortage of assets. why not into some store that isn't as cumbersome to hold? tom: what is the chancellor of the exchequer going to do? if we look at london as the center of global commerce, and they have all of these transnational relationships, how does london respond to this? jonathan: i don't know. i do know that chancellor sunak has got bigger problems which is why this might not the on the radar for a little longer. alongside tom keene and lisa abramowicz, i'm jonathan ferro. future down seven on the s&p. ♪ >> what we are seeing right now is these levels of dangerous optimism building. >> right now people are just trading on big, round numbers. >> we

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elon musk makingeaines tonight, and now he's talking to us. a rare interview with the billionaire tech titan who just revealed the details of an out-of-this-world plan. >>> and governor newsom has some competition. the former mayor who is now throwing his hat in the ring as that recall movement gains momentum against the governor. a >> reporter: as we address a climate in crisis, we look at how life will change if we don't take action. >> the goal of the study was to highlight the magnitude of the potential threat. >> reporter: how rising waters could affect you know matter where you live. tuesday at 11:00 on "nbc bay area news". we investigate. ♪ ♪ ♪ why do you build me up, build me up... ♪ ♪ buttercup... ♪ ♪ baby just to let me down! ♪ ♪ let me down! ♪ ♪ and mess me around... ♪ ♪ and worst of all, worst of all ♪ if you ride, you get it. geico motorcycle. fifteen minutes could save you fifteen percent or more. >>> well, the radar is certainly busy. we continue to track the latest storm to bring much-needed rain to the bay area again. we will

struggling to get to 709 susan has news for us about elon musk going after jeff bezos.was asked for comments by the "washington post" on his move to texas and in response to reporter e-mails in elon musk said, give my regards to your puppet master, referring to amazon powder jeff bezos who also owns the "washington post". there have been reports of an ongoing food between the two, richest man on the planet for some time battling over electric vehicle space, mars and now satellite internet jeff bezos has mocked in elon musk's plan to colonize mars and elon musk mocking basils so they have had a long-running battle even though they've had dinner in the past together in elon musk losing $15 billion this week. it puts him second behind jeff bezos on the bloomberg ritualist. stuart: i find that caution these these two richest people in the world, i think it's an interesting business story regardless of the fallout in the stock, to guys like this with collectively $400 billion or thereabouts, that's a good story. susan: also future technologies as well and talking about elect