Elon Musk says bitcoin 'on the verge' of being more widely accepted

FILE PHOTO: Tesla Motors Inc CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. REUTERS/Lucy Nicholson/File Photo

SAN FRANCISCO (Reuters) - Billionaire Elon Musk said on Monday bitcoin was "on the verge" of being more widely accepted among investors as he expressed his support for the cryptocurrency in a chat on social media app Clubhouse that drew thousands of listeners.

The comments followed his use of the "#bitcoin" tag on his Twitter profile on Friday, which pushed the cryptocurrency up 14%.