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Elon Musk Says Bitcoin Prices ‘Seem High’ After Record Week

  • Bitcoin continued its record surge on Saturday morning
  • Largest cryptocurrency’s market value exceeds $1 trillion
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Explain This: Bitcoin's Wild Ride
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Bitcoin surged to another record on Saturday after reaching more than $1 trillion in market value for the first time, leaving some of its biggest backers in a state of wonderment.

In a tweet, Elon Musk said Bitcoin prices “seem high.” The world’s richest person was replying to Peter Schiff -- a crypto skeptic and gold bug -- who said the precious metal is better than Bitcoin and fiat money.