17.2 C
Manchester
June 28, 2022
Image default
Bitcoin

Elon Musk confirms he bought bitcoin

Today, Elon Musk indirectly confirmed that he bought bitcoin.

In February, Tesla announced that it had invested $ 1.5 billion in bitcoin, but it was still unclear whether its founder, Elon Musk, had also bought them as part of his personal fortune. Especially because it was Tesla’s own CEO who denied having played any role in the company’s decision to buy BTC.

Many believed it was possible considering that Musk is currently one of the richest men on the planet, but in the absence of confirmation there was only speculation.

Confirmation

Today, Musk himself confirmed, albeit indirectly, that he bought bitcoin.

It all started with the news that spread today about Tesla’s sale of about 10% of the bitcoin bought by the company in February.

DDTG Global owner Dave Portnoy commented on the news with a tweet in which he effectively accused Elon Musk of having bought bitcoin, inflated the price and then sold to “make a fortune”.

Musk himself responded to these accusations with the following tweet:

“I didn’t sell any of my Bitcoins. Tesla sold 10% of its holdings essentially to prove Bitcoin’s liquidity as an alternative to keeping money on the balance sheet. ”

With this statement, Musk not only refutes Portnoy’s reconstruction, but he explicitly states that he did not sell “any of his Bitcoins”, confirming that Tesla sold 10% of its holdings in BTC to demonstrate the liquidity of the bitcoin market as an alternative safe to money.

The phrase “I didn’t sell any of my Bitcoins” blatantly reveals that Elon Musk owns bitcoins and therefore probably bought them in the past.

However, he did not say how many he owns, how many he bought, when or at what price.

It wouldn’t be surprising if Musk, who has been following bitcoin for some time, had bought BTC, for example, already in 2020, perhaps when its value was still well below $ 20,000. If that were the case, at today’s prices, it would have more than doubled, if not tripled, the value of your investment in just a few months.

Source: cryptonomist

Related posts

Wrapped Bitcoin (WBTC) is the sixth largest Ethereum token

Aparnna Hajirnis

Gazeta Wyborcza: ING Bank Śląski may be involved in a money laundering scandal |

Aparnna Hajirnis

Nayib Bukele, President of El Salvador buys another 420 Bitcoins

Anupreet Kaur

Leave a Comment