One of the richest men on the planet and CEO of Tesla, Elon Musk, confirmed that his company SpaceX owns Bitcoin.
“SpaceX, Tesla and I own Bitcoin.”
Furthermore, he added: “If the price of Bitcoin goes down, I lose money. I could pump, but I don’t fall apart. I definitely don’t believe in raising the price and selling or anything like that. I would like Bitcoin to be successful.
Specifically, this Wednesday, Elon Musk participated in the event “The B Word”. Where he confirmed that he has Bitcoin, Ethereum and Dogecoin. But, he specified that SpaceX only owns Bitcoin.
According to the website of “The B Word”, the conference aims to explain how institutions can embrace Bitcoin. And how we can all support the network.
In fact, it is organized by the Cryptocurrency Council for Innovation. That is, a group of financial services companies with investments in space.
SpaceX has also bought Bitcoin
In this regard, in the online conference “The B Word”, Elon Musk said: “Yes, I have Bitcoin, Tesla has Bitcoin, SpaceX has Bitcoin.”
For those who do not know, SpaceX is a private American aerospace transportation company. Founded in 2002 by Elon Musk.
In particular, Elon Musk spoke at the second panel of the day “Bitcoin as a tool for economic empowerment.” Along with Cathie Wood, CEO of ARK Invest and Jack Dorsey, CEO of Twitter and Square.
As a fun fact, Elon Musk, although he is still the most influential person in the field of cryptocurrencies, has not been so enthusiastic.
‘Bitcoin alone simply cannot scale to be the world’s monetary system. But it could scale to the size of the entire global monetary system with a second layer. I would like Bitcoin to be successful.
Will Tesla again accept BTC?
On accepting Bitcoin, Elon Musk said that the energy use of the network is improving. So, Tesla is doing a bit more due diligence on this. But, Tesla would likely resume accepting Bitcoin for payments, when renewable energy sources hit 50%.
“One thing you need to keep in mind with cryptocurrency, especially Bitcoin, is using energy that is a bit excessive and not necessarily good for the environment.”
Elon Musk says Bitcoin mining is “shifting towards renewable energy” and Tesla will likely resume accepting it as payment in the future https://t.co/xDYm4hn6e5
– Bloomberg (@business) July 21, 2021
In particular, Musk asked Jack Dorsey if he would consider accepting Bitcoin as payment from Twitter advertisers, as a way to support the cryptocurrency.
For his part, Dorsey replied that he agreed with the concept, but was more focused on “creating economic incentives in the network itself. Without having to depend on advertising.
In this way, Bitcoin, the world’s largest cryptocurrency, rises this Wednesday. And it is trading above $ 31,500 after the Elon Musk Lecture. This is recorded by our internal Crypto Online tool.
In this regard, according to Mati Greenspan, founder of Quantum Economics, the increase in the price of Bitcoin was due in part to the anticipation of the event.
“As we await what promises to be the best Bitcoin live stream ever, it’s clear the market is already very excited.”
Finally, will Elon Musk and Bitcoin’s love and pain story continue? Leave your opinion in the comment box.
I close with this phrase from Omar Khayyam: “Live fully while you can and don’t calculate the price.”
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