Bitcoin has increased to a very great extent which has led to a new all-time high. Due to this increase, there have been several discussions in the community, particularly between Michael Saylor, CEO of MicroStrategy, and Elon Musk, CEO of Tesla and SpaceX. Saylor <a href="https://mobile.twitter.com/michael_saylor/status/1340665067570913280?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1340665067570913280%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F52092%2Fbitcoin-pumps-as-michael-saylor-extends-offer-to-elon-musk" target="_blank" rel="nofollow noopener">advises</a> Musk that he should convert his $TSLA balance sheet from USD to #BTC. He gave this suggestion as Bitcoin has hit $24,000, which is a new all-time high in the market. 
<h2>Saylor Advises Musk and Planning to Buy $650M Worth Bitcoin</h2>
It is revealed that <a href="https://www.cryptoknowmics.com/news/microstrategy-ceo-michael-saylor-plans-to-hold-bitcoins-for-100-years/">Michael Saylor</a> has already invested $1.3 billion in Bitcoin and now he is planning to invest further. He reveals that as Bitcoin surges to a new all-time high, he will be investing another <a href="https://www.cryptoknowmics.com/news/microstrategy-raises-650m-of-convertible-bonds-to-finance-bitcoin-purchases/">$650 million in Bitcoin</a> and the investment will be from the investors' money. Ever since he invested in Bitcoin, the price has increased more than double, breaking all the records. As Saylor advises <a href="https://www.cryptoknowmics.com/news/elon-musk-supports-btc-on-twitter-believes-its-structure-is-brilliant/">Elon Musk</a>, he says that he is happy to share his playbook with him. As Bitcoin hits a new all-time high, a lot of people believe that this is because of several huge <a href="https://www.cryptoknowmics.com/news/massmutuals-bitcoin-investment-to-widen-demand-says-jpmorgan/">investments from large institutional investors</a>. MicroStrategy also counted among those large institutional investors who have invested in Bitcoin in the past few months. 
<h2>Musk Distracted by Bitcoin</h2>
The reason why Saylor advises Musk over Bitcoin because he recently tweeted that he is distracted by Bitcoin. The distraction is due to the recent surge in its price to a new all-time high. Saylor said:

“If you want to do your shareholders a $100 billion favour, convert the $TSLA balance sheet from USD to #BTC. Other firms on the S&amp;P 500 would follow your lead &amp; in time it would grow to become a $1 trillion favour.” 

Ever since this Twitter discussion, the Bitcoin price has increased from $23,548 to $23,839. This is also indicating that all the <a href="https://www.cryptoknowmics.com/news/btc-triangle-is-coming-to-an-end-the-momentum-to-26685-is-ahead/">bullish predictions of Bitcoin</a> are becoming true as price increases to a new all-time high.

Michael Saylor Advises Musk as Bitcoin Hits New All-Time High

Saylor advises Musk that he should convert his $TSLA balance sheet from USD to #BTC as Bitcoin hits a new all-time high to $24,000.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Michael Saylor Advises Musk as Bitcoin Hits New All-Time High

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