Elon Musk, CEO of Tesla and SpaceX, has opened up on his Bitcoin (BTC) portfolio. The 47-year old CEO first said he does not have cryptocurrency holdings but was given 0.25 BTC by a friend some years back.
Elon Musk said on Twitter: “That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings.”
That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings.
— Elon Musk (@elonmusk) February 21, 2019
Like notable entrepreneurs, Elon Musk’s love for digital asset is soaring lately. Twitter founder Jack Dorsey also showed his commitment to Cryptocurrency by publicly campaigning in support of Lightning Network.
The CEO of one of the largest social medium stated that Lightning Network would be integrated on CashApp.
Crypto Adoption: When Will Elon Musk Join Bitcoin (BTC) Society?
Many a number of crypto lovers believes crypto would best be accepted when the likes of Elon Musk join the cryptocurrency world.
Read: Bitcoin (BTC), Ripple’s XRP, Ethereum (ETH), Litecoin (LTC) are The Big Deal of 2019
Some times in October 2019, Elon Musk made beautiful remarks about Bitcoin and Ethereum, saying he intended buying the digital assets.
The Tweet resulted in lots of conjecturing and uproars, causing the CEO of SpaceX to announce his earlier statement was a joke.
Musk, who was impersonated on several occasions on Twitter for cryptocurrency giveaways said:
“Bitcoin and Ethereum scammers were so rampant on Twitter I decided to join in and I said at one point wanna buy some bitcoin?”
Meanwhile, at the moment, it is not clear if Elon Musk intends to join the big cryptocurrency family.
Elon Musk Clarifies Tesla Sentiment On Cryptocurrency
While the series of praises for Bitcoin continue to roll out, the latest one from the CEO and lead designer of SpaceX foundation, Elon Musk, seems to be disrupting the space.
The assertion from the cofounder of Tesla that Bitcoin is better off when compared to fiat dough aroused deliberations of weather Musk interest in cryptocurrency could drive Tesla into the blockchain industry to produce an asset.
Nevertheless, Musk clarified that his company, Tesla, won’t go into any form of crypto business as it is not considerable for a company devoted to building technologies to enhance sustainable energy.
Despite eulogizing Bitcoin, Musk is well aware that the digital currency consumes a lot of energy when mining, thus negating the Tesla’s vision.