Cryptocurrencies

Elon Musk Is Good for Bitcoin Even on Down Day, Binance.US CEO Says

  • Exchange’s Brian Brooks praises Tesla CEO’s crypto interest
  • Ethereum has the potential to ‘kill the banks,’ Brooks says
Elon MuskPhotographer: Maja Hitij/Getty Images
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The leader of one of the largest crypto exchanges in the U.S. sees Elon Musk’s impact on the industry as a positive -- even on a bad day.

“Whether he’s pushing markets up or down, that’s probably good in the long term,” Binance.US Chief Executive Officer Brian Brooks said in a Bloomberg Quicktake interview. “If Elon Musk is this interested in crypto, crypto must be pretty important.”