HomeCoinsEthereum (ETH)Elon Musk Reveals Spacex Owns Bitcoin, He Personally Owns BTC, Ethereum, Dogecoin...

Elon Musk Reveals Spacex Owns Bitcoin, He Personally Owns BTC, Ethereum, Dogecoin — ‘I Might Pump but I Don’t Dump’ – Featured Bitcoin News

- Advertisement -


Spacex and Tesla CEO Elon Musk has revealed that he personally owns bitcoin, ethereum, and dogecoin. Meanwhile, his companies, Spacex and Tesla, own bitcoin. He also said that bitcoin’s energy usage “is shifting a lot more toward renewables,” and Tesla will likely resume accepting the cryptocurrency after he does more due diligence.

Elon’s Cryptocurrencies: Bitcoin, Ethereum, Dogecoin

The Bitcoin event “B Word,” which took place Wednesday, featured a live discussion with Tesla and SpaceX CEO Elon musk, Square and Twitter CEO Jack Dorsey, and Ark Invest CEO Cathie Wood. The discussion was moderated by Steve Lee, head of Square Crypto.

Responding to the question of what influenced his view on bitcoin, Musk began by outlining the benefits of the cryptocurrency. Tesla’s Technoking, who wore an evolution of money t-shirt during the live discussion, then said, “It’s got a lot of potential.”

Emphasizing, “I’m not an investor,” Musk said that the only significant publicly traded stocks he owns are the Tesla and Spacex stocks. He continued:

Apart from that, I do own bitcoin. Tesla owns bitcoin. Spacex owns bitcoin … And I personally own a bit of ethereum and dogecoin.

Musk affirmed, “In general, I am a supporter of bitcoin,” emphasizing, “The bitcoin I own is worth a lot more than ethereum or doge.”

Indicating that he doesn’t believe in selling after helping to boost prices, he opined:

If the price of bitcoin goes down, I lose money … I might pump but I don’t dump … I would like to see bitcoin succeed.

Turning to the subject of Tesla halting acceptance of bitcoin, Musk explained that the suspension was temporary. He confirmed: “We are not selling any bitcoin, nor am I selling it personally, nor is Spacex selling any bitcoin.”

Regarding Bitcoin’s energy usage, Musk conceded: “It looks like Bitcoin is shifting a lot more toward renewables and a bunch of the heavy-duty coal plants that were being used … have been shut down, especially in China.”

He added, “I want to do a little more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend toward increasing that number,” elaborating:

If so, Tesla will most likely resume accepting bitcoin.

What do you think about Elon Musk’s comments? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,546FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 53,971.00
ethereum
Ethereum (ETH) $ 4,251.64
tether
Tether (USDT) $ 1.01
bitcoin-cash
Bitcoin Cash (BCH) $ 539.36
litecoin
Litecoin (LTC) $ 190.50
eos
EOS (EOS) $ 3.83
okb
OKB (OKB) $ 26.07
tezos
Tezos (XTZ) $ 4.84
leo-token
LEO Token (LEO) $ 3.46
cardano
Cardano (ADA) $ 1.59
monero
Monero (XMR) $ 224.85
stellar
Stellar (XLM) $ 0.333563
chainlink
Chainlink (LINK) $ 23.59
huobi-token
Huobi Token (HT) $ 9.50
tron
TRON (TRX) $ 0.096555
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 168.00
neo
NEO (NEO) $ 35.30
iota
IOTA (MIOTA) $ 1.42
nem
NEM (XEM) $ 0.162638
zcash
Zcash (ZEC) $ 206.64
maker
Maker (MKR) $ 2,779.53
paxos-standard
Pax Dollar (USDP) $ 1.01
ethereum-classic
Ethereum Classic (ETC) $ 45.33
vechain
VeChain (VET) $ 0.110842
true-usd
TrueUSD (TUSD) $ 1.01
ftx-token
FTX Token (FTT) $ 47.30
kucoin-shares
KuCoin Token (KCS) $ 24.18
waves
Waves (WAVES) $ 20.56