Big news for bitcoin users: Tesla founder Elon Musk is holding bitcoin


Elon Musk has been a staunch supporter of everything crypto-related and now the CEO of SpaceX has admitted for the first time that his privately owned aerospace company also owns bitcoin. This is, of course, in addition to Tesla’s $1.5 billion (approximately Rs 11,150 crore) investment in the world’s largest and oldest digital token, which has hit a peak of over $60,000 (roughly Rs. I have struggled a lot in the last few weeks.

The B Word Conference Speaking at an event organized by the Cryptocurrency Council for Innovation at the company of ARK Invest CEO Cathie Wood and Twitter CEO Jack Dorsey, Musk confirmed that SpaceX is holding bitcoin (at about the 8-minute mark during the video). Musk said this.) However, he did not disclose the extent of SpaceX’s investment in bitcoin. The 50-year-old business magnate mentioned that he personally owns Bitcoin and Ethereum, the second most popular cryptocurrencies. Wondering if Musk has anything in Dodgecoin? the answer is yes. Musk revealed that he has personally invested in the Shiba-Inu face-themed digital currency that started as a joke but became popular on the internet after garnering support from celebrities.

Musk showed once again that he was committed to cryptocurrencies in general, saying, “One of the things you need to look at with crypto, bitcoin in particular, is by using proof of work, using energy that Slightly high and not necessarily good for the environment.”

He also used the platform to reiterate that he wanted to see bitcoin succeed. Furthermore, Musk underscored that neither SpaceX nor he personally wanted to part ways with bitcoin. “If the price of bitcoin falls I lose money. I can pump but I don’t dump”. He said. “I certainly don’t believe in going higher and selling or anything like that. I want to see bitcoin succeed.”

And as we’ve seen on several occasions over the past few months that a tweet from Musk has been able to change the prices of these tokens, it happened again on Wednesday when the price of Ethereum rose nearly 9 percent as it did on Thursday at 1,48,401. was trading at Rs. on Thursday bitcoin Opened 6.54 per cent higher at Rs 24,00,040. Last day closed at Rs 13.16 dodgecoin On Thursday, with a gain of 6.51 percent, it opened at Rs 14.82.

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