The CEO of Tesla, Elon Musk, has stoked the excitement of the cryptocurrency realm for the second time this week after he informed the world about the number of Bitcoins he held. He also expressed his gratitude to the creator of the digital currency and for early ‘hodlers’ of the same.
Musk’s tweet was in response to a report about the praise he heaped on cryptocurrencies, during a podcast released earlier this week. In the tweet, the Tesla CEO revealed the number of Bitcoins he owns, adding that he held no other cryptocurrency in his portfolio.
“That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings.”
Additionally, while replying to the aforementioned tweet, Musk also dismissed the long-standing rumor that he is the real Satoshi Nakamoto. However, he suggested that the person behind the pseudonym deserved a “Nobel Prize.”
His tweet read:
“Whoever owns the early BTC deserves a Nobel prize in delayed gratification.”
Earlier this week, Musk spoke in favor of Bitcoin and Ethereum on ARK Invest’s FYI podcast. He lauded the structure of the top cryptocurrency and acknowledged Ethereum as well. However, he also confirmed that Tesla would not venture into the cryptocurrency industry anytime soon.
The Tesla CEO stated:
“I think that the Bitcoin structure was quite brilliant, its seems like there’s some merit to Ethereum as well, and maybe some of the others. But, I’m not sure if it would be a good use of Tesla resources to get into crypto.”
Previously, the Tesla CEO was in the headlines after he said that paper money will soon fade away and taken over by cryptocurrencies.
In his words:
“Paper money is going away and crypto is a far better way to transfer value than pieces of paper.”
Despite the early praise for Bitcoin and Ethereum and his bold prediction that fiat will be replaced by virtual currency, Elon Musk does not keep more Bitcoin reserves. Musk’s held Bitcoin reserves remain the same since he first admitted to the amount he owned, back in February.
In a 22 February 2018 tweet he said:
“Not sure. I let @jack know, but it’s still going. I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago.”
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Graduate of Finance and Economics, interested in the intersection of the world of decentralized currency and global governance.