Elon Musk Reveals The Amount of Bitcoin He Holds

The popular entrepreneur and billionaire Elon Musk recently revealed how much BTC he holds. In a Twitter thread initiated by Harry Potter’s author, J.K. Rowling, that quickly went viral, Tesla’s CEO chipped in, saying exactly how much of the cryptocurrency he owns.

Elon Musk Owns 0.25 BTC

Friday was undoubtedly a big day for Crypto Twitter. The author of Harry Potter, J.K. Rowling, asked the community to explain Bitcoin to her.

A number of influential individuals, including Binance CEO Changpeng Zhao, Justin Sun, Vitalik Buterin, and even Tesla’s CEO Elon Musk, gave their two cents.

He explained that “massive currency issuance by govt central banks is making Bitcoin Internet (ghost) money look solid by comparison.” In the end, he also revealed that he still owns 0.25 BTC.

I still only own 0.25 Bitcoins btw

— Elon Musk (@elonmusk) May 15, 2020

An interesting reply came from Tyler Winklevoss, who asked Musk how he intends to pay for “things on Mars.”

With Bitcoin currently trading at around $9,700, Musk’s 0.25 BTC is now worth about $2,400.

Musk Is No Stranger To Bitcoin

Undoubtedly, the CEO of a company as innovative as Tesla is no stranger to Bitcoin. As CryptoPotato reported earlier in January, Musk appeared in a podcast where he was questioned about the world’s largest cryptocurrency.

He said that he is “neither here or there on Bitcoin,” but he also admitted that when he first read the whitepaper, he thought it was very smart.

Later, he also elaborated his overall views on cryptocurrencies, outlining their alleged use in criminal activities.

This sort of gets the crypto people angry, but there are transactions that are not within the balance of the law. And there are, obviously, many laws in different countries. And, normally, cash is used for these transactions. But, in order for illegal transactions to occur, cash must also be used for legal transactions. You need an illegal to legal bridge. That’s where crypto comes in. – He said.