Tesla CEO Musk Only Owns 0.25 bitcoin (BTC)
Last February, near the peak of the previous crypto bull run, Elon Musk took to Twitter to get his spot on the hype train. But his comment wasn’t what many were expecting. The Tesla chief executive and long-time technology guru noted that he “literally owns zero ,” save for 0.25 () that an unnamed friend sent him “many years ago.” At the time he issued that tweet, was for $2,500, meaning that his crypto holdings were effectively nothing compared to his entire net worth.
Just one year later, the South African entrepreneur took to Twitter again to divulge a bit more about his personal finances, well in terms of crypto anyway. He wrote the following in response to a tweet from CoinDesk:
That said, I still only own 0.25 , which a friend sent me several years ago. Don’t have any crypto holdings.
— Elon Musk (@elonmusk)
While he doubled-down on his comment that he only owns 0.25 , valued at just under $1,000 U.S. at the time of writing, some are convinced he holds a lot more. Twitter users quipped that one of the cardinal rules in the space is to not disclose personal holding, making some conclude that 0.25 is just the tip of Musk’s crypto iceberg. Others argued that the SpaceX chief executive, whose sole raison d’etre is to better humanity, is Satoshi Nakamoto himself, but isn’t willing to release the locked up in the earliest addresses.
More rationally though, some claimed that 0.25 is likely all he holds. WhalePanda, an industry personality, noted that $1,000 in the flagship is “a start.” The commentator added that in an interplanetary society, could be a logical medium of exchange.
’s very own Changpeng Zhao joked that he would accept a Tesla car in exchange for some , asking Musk to trade.
Many other industry participants made similar, fun comments.
The Tesla heavyweight didn’t respond to any of the sub-tweets except one, in which he stated that those who have “early ” deserve Nobel Prizes. Musk hasn’t lost his sense of humor, that’s for sure.
He Still Thinks Crypto > Banknotes Though
These recent comments come after he took to ARK Invest’s “FYI” podcast to touch on and their merits. Per from World News, Musk noted that the “ structure was (is) quite brilliant,” adding that and “maybe some of the others” have merit too. Musk did admit that he isn’t too enamored with ’s Proof of Work () consensus mechanism, noting that it is energy intensive.
Yet, he explained that fundamentally, crypto assets are great as they bypass currency controls, especially in nations embroiled in financial and political turmoil, like Venezuela. He added that are also a “far better way to transfer value than pieces of paper,” subsequently quipping that he’s sure of this “without a doubt.”
Musk’s pro- comments come after claimed that he likes the ’s underlying values and improvements like the .
Silicon Valley seems to be in love with crypto, but will they act on their enamorment?
Photo by on
Published at Fri, 22 Feb 2019 02:59:22 +0000
