Elon Musk, the billionaire chief executive of Tesla, has mostly steered clear of bitcoin and crypto comments following the bitcoin price crash in 2022 Elon Musk, the chief executive officer of Tesla, has mostly steered clear of bitcoin and crypto comments following the bitcoin price crash in 2022. The bitcoin price has however surged back, topping its late 2021 peak and climbing over $70,000 per bitcoin as Wall Street adoption and Donald Trump's crypto conversion powering the market higher. Now, after Musk issued a shock warning over the future of the U.S. dollar, the fickle billionaire has broken his long silence on bitcoin, saying he sees "some merit" in it.