The amount of Bitcoin that billionaire Elon Musk owns can be up to 5 billion USD

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2021-03-26 22:36:10

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SkyBridge Capital founder, former White House Communications Manager Anthony Scaramucci released a surprising statement earlier today saying that the Bitcoin billionaire Elon Musk owns could reach $ 5 billion. .

Electric car giant Tesla’s $ 1.5 billion investment in Bitcoin is less than a third of all crypto reserves held by Elon Musk and his companies, Anthony Scaramucci – CEO of investment firm SkyBridge Capital, confirmed today.

Elon Musk doesn’t stop at Tesla. I know SpaceX owns Bitcoin on its balance sheet. Elon Musk owns more than $ 5 billion in Bitcoin through Tesla, SpaceX and himself.

On Feb. 8, Tesla revealed its $ 1.5 billion worth of Bitcoin investment through a Form 10-K filed with the US Securities and Exchange Commission. SpaceX, on the other hand, is not a public company, and therefore has no obligation to disclose such information. Previous reports also suggested that Richard Lee, the SpaceX senior treasury manager, attended the MicroStrategy crypto conference last month.

In its filing, Tesla explains that its new investment policy was updated in January 2021, this change will provide “more flexibility to diversify and maximize profits further. on our cash reserves… ”

Scaramucci’s latest statements come amid growing concerns about the negative impact of Bitcoin and other blockchains – specifically NFT tokens – on the environment. However, Scaramucci argues that “there is no one more protective of the planet against climate change” than Elon Musk.

Idea [rằng] Elon Musk would invest in ‘dirty assets’ which is absurd. The future of Bitcoin mining is renewable energy. Elon Musk sees the future: 1) renewable energy to replace fossil fuels; 2) Bitcoin replaces gold, RE, stocks & art + to become the “dominant” in terms of store of value.

Obviously, this implies that if Elon Musk invests a substantial amount of his and his own companies in BTC, this proves that Bitcoin’s blockchain is not as damaging to the environment as some. the critic stated.

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