Musk Inquires About Moving ‘Large Transactions’ to Bitcoin

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Elon Musk inquired about converting “large transactions” of Tesla Inc.’s balance sheet into Bitcoin in a Twitter exchange with Michael Saylor, a prominent booster of the digital currency.In a series of tweets, Saylor, chief executive officer of Microstrategy Inc., encouraged the billionaire to shift U.S. dollars from the electric-car maker to Bitcoin and “do your shareholders a $100 billion favor.”“Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor,” Saylor added in his tweet on Sunday.Does Bitcoin Boom Mean ‘Better Gold’ or Bigger Bubble? QuickTakeThe exchange came after Musk posted a suggestive image indicating that he’s tempted by Bitcoin, which has more than tripled in value this year.“Are such large transactions even possible?” Musk tweeted in response to Saylor. Numerous people assured him they are, as well as Saylor, who said he had purchased more than $1.3 billion…

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