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Elon Musk says bitcoin seems high after surpassing $1 trillion market cap – CNBC

The price of bitcoin crossed a major milestone Friday after the market value reached more than $1 trillion, leaving some major backers surprised.

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Tesla CEO Elon Musk said Saturday that bitcoin prices “seem high” after the cryptocurrency surged to another record high this week.
The price of bitcoin, the world’s most popular cryptocurrency, crossed a major milestone Friday after the market value reached more than $1 trillion, leaving some major backers surprised. Ethereum, the second-largest cryptocurrency, also hit record highs.
“Money is just data that allows us to avoid the inconvenience of barter,” tweeted Musk, a major proponent of digital…

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