Elon Musk Reveals How much Bitcoins he Hold

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Quote from: Touheedkhan786 on May 17, 2020, 04:07:01 AM

Do you guys realy think a 40$ Billion Networth Guy Hold only 0.25BTC?

Why do we have to believe in his statement ?
I did not even consider what he said as something serious. For various reasons, I do not believe that an businessman must disclose their true assets to the public. Lets assume a statement like that is a joke that can be used as entertainment for people who are equal to it and there is nothing serious about that statement.

barbiecover

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we have to parse all 0.25 btc accounts and find Elon's

Ozero

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Chainjoes.com

Elon Mask just does not need bitcoins. He is passionate and makes money with completely different types of business, and his business is much more global and more significant. Musk cannot simultaneously engage in many activities. Therefore, even if it has only 0.25 BTC, this is absolutely normal. He showed that he takes cryptocurrency more or less seriously, and this is enough.

Twentyonepaylots

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Quote from: MCobian on May 18, 2020, 08:54:21 AM

I don't believe millioners like Elon Musk only hold 0.25 BTC. He made the confession on Twitter so it would not be the target of hackers.
Imagine if for example Elon Musk said to hold 100 BTC, hackers from all over the world would target Elon Musk's crypto wallets.

We can't really tell if he is saying true about his holdings, maybe you're right he said that so he can be walking above hackers free from hacking not a target at all but who would believe that this person who innovates stuff don't have much bitcoin to hold? I think he's playing with all of us guys.

Quote from: MCobian on May 18, 2020, 08:54:21 AM

Actually I do not care about the statement of the number of bitcoins owned by Elon Musk, the statement would be right or wrong.
Because it does not provide benefits for me, I better focus on my own investment and trading.

Totally right, anyone's money does not have any thing to do with any one of us so why care about them? Much better if we make them as our inspiration especially Elon Musk is known for his doings.

electronicash

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Quote from: MCobian on May 18, 2020, 08:54:21 AM

I don't believe millioners like Elon Musk only hold 0.25 BTC. He made the confession on Twitter so it would not be the target of hackers.
Imagine if for example Elon Musk said to hold 100 BTC, hackers from all over the world would target Elon Musk's crypto wallets.
Actually I do not care about the statement of the number of bitcoins owned by Elon Musk, the statement would be right or wrong.
Because it does not provide benefits for me, I better focus on my own investment and trading.

hard to believe when he had been so active in the community as a believer. he knows BTC will be valuable in the future so why not get as much as he can since he is an investors who believes unlike Warren. there is a reason why he claims to have just a fraction of BTC and it could be because he already had untraceable stash of BTC somewhere.

MCobian

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I don't believe millioners like Elon Musk only hold 0.25 BTC. He made the confession on Twitter so it would not be the target of hackers.
Imagine if for example Elon Musk said to hold 100 BTC, hackers from all over the world would target Elon Musk's crypto wallets.
Actually I do not care about the statement of the number of bitcoins owned by Elon Musk, the statement would be right or wrong.
Because it does not provide benefits for me, I better focus on my own investment and trading.

InvoKing

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Quote from: Touheedkhan786 on May 18, 2020, 03:20:12 AM

Quote from: NavI_027 on May 17, 2020, 04:32:05 AM

Quote from: Touheedkhan786 on May 17, 2020, 04:07:01 AM

Do you guys realy think a 40$ Billion Networth Guy Hold only 0.25BTC?

Yeah coz why not? I mean it's not impossible that he is not into bitcoin despite of being rich. He got Tesla and I think that's enough proof that he can be a billionaire even without owning a single crypto. Besides, he is a well known Dogecoin fan that's why he only got .25 btc Grin

.

YES BUT that's a Good Point (Tesla is also The future) also He has Spacex

Anyone knows about how much doge he owns? Or he is broke in doge too like bitcoin Tongue

Haunebu

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Quote from: unusualfacts30 on May 18, 2020, 01:50:44 AM

He either owns more than what he mentioned or he doesn't hold anything. Former is more believable.

Why is everyone jumping to this assumption? What will he gain by lying to the world about his stash? He doesn't seem to be the type to lie about such things.

Quote from: Cnut237 on May 18, 2020, 03:30:59 AM

I think it's extremely unlikely that he holds 0.25 BTC. For a person with a normal amount of wealth, 0.25 BTC is a reasonable amount to hold. However for a billionaire it makes no sense whatsoever. You would hold either zero, or else an amount that is at least a reasonable proportion of your wealth.

What you are saying makes no sense whatsoever. Why can't be hold only 0.25 BTC? He probably HODLS a much bigger share of alternate cryptocurrencies or he probably isn't that interested into investing in crypto. This could just be a test amount for him.

buwaytress

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You mean sort of like how good old Dimon shat on Bitcoin only to buy it shortly after (I still think he did that expressly for the purpose of buying it after trying to crash the price)?

Doesn't matter what Musk holds anyway, the guy who owns and uses $100s of dollars every week is still the one who's going to do more for Bitcoin than any Musk holder on some custodian account ever will.

Cnut237

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I think it's extremely unlikely that he holds 0.25 BTC. For a person with a normal amount of wealth, 0.25 BTC is a reasonable amount to hold. However for a billionaire it makes no sense whatsoever. You would hold either zero, or else an amount that is at least a reasonable proportion of your wealth.

If someone has $10 billion (Musk reportedly has $35b), then 0.25 BTC is roughly 0.000025% of your total wealth. Which means it is absolutely irrelevant to you whether or not it increases by an improbable x1000 to give you 0.025% of your total wealth. In which case there is no point in holding it.

Even 10 BTC would only be 0.001% of your total wealth. So a x100 increase would make it 0.1% of your total wealth. Even with 10 BTC there would be little point in having such a comparatively small amount.
Maybe 100 BTC, which would be 0.01% of your wealth, and x100 would make it 1% ... but that's still a tiny amount.

maxreish

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It always depends. Regardless how rich people are, if not that interested investing in bitcoin or just trying out small amount before buying more is really possible.
Elon Musk is not an exception. Either he is telling the truth or not, he himself can only know that. But the fact that he still invested in cryptocurrency is still an optimistic view.

Who knows? Maybe he only own .25 btc but he owns huge amount in other coins.

Touheedkhan786

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Quote from: NavI_027 on May 17, 2020, 04:32:05 AM

Quote from: Touheedkhan786 on May 17, 2020, 04:07:01 AM

Do you guys realy think a 40$ Billion Networth Guy Hold only 0.25BTC?

Yeah coz why not? I mean it's not impossible that he is not into bitcoin despite of being rich. He got Tesla and I think that's enough proof that he can be a billionaire even without owning a single crypto. Besides, he is a well known Dogecoin fan that's why he only got .25 btc Grin

.

YES BUT that's a Good Point (Tesla is also The future) also He has Spacex

verita1

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This revelation is due to the fact that there are scam websites in the name of Elon Musk and Tesla circulating on Twitter.

https://www.coindesk.com/twitter-let-a-fake-elon-musk-account-promote-a-crypto-scam

https://auto.hindustantimes.com/auto/news/elon-musk-reveals-his-bitcoin-holdings-here-s-how-much-he-currently-owns-41589725076821.html

These websites offer giweaway to grab incredulous people and scam their BTC and ETH.
Please, be careful.

unusualfacts30

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It is quite difficult to believe that Emusk holds only small amount of bitcoin. I am not sure why would he even mention anything about his holding if he doesn't hold much. He either owns more than what he mentioned or he doesn't hold anything. Former is more believable.

Tahid12

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It's not urprising if really he doesn't have any Bitcoin. Cause He is already a brillionare without bitcoin. probably vulgarity of Crypto currency makes him, not to hodl & trust crypto market including bitcoin.

Jonyshake71

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Elon Musk can Reveals anything he want but it's depends on you whether believe it or not. Probably he lied due to security purpose. Can't think about a technological advance person like him, has not more than 0.25BTC Sad

nicecrypto

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And it doesn't matter what he thinks he believes in because quite frankly nobody cares, he can buy btc or don't buy, market will still continue to grow and develop even bigger, it is just annoying to see all this so-called rich dude with their half comment on their social media, what is the point of the revelation! That the crypto community will start crying because Elon don't believe in btc!
It is very natural to believe in his Tesla more than btc because it's his creation, his idea, it is the same way satoshi believes in btc, maybe some day he will own more than the current amount.

pooya87

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well if you think this is recent them it makes sense since the amount in dollars is reasonable and makes sense. also you don't have to invest billions in bitcoin if you are a billionaire!

but OP's mistake is that he thinks this is recent whereas there is nothing recent about Elon Musk showing interest in bitcoin. and considering he started a very long time ago having only 0.25 bitcoin means he has invested something like $20 to $70 in bitcoin which makes absolutely no sense.
the only logical conclusion is that he is either trolling readers or he is protecting his privacy for some reason that we won't know.

meanwords

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Having him on the good side of cryptocurrency doesn't mean he holds a lot of it. Maybe he sees the potential in the future that is why he is only holding a few for now? Because I don't think he needs cryptocurrency because of his status. But remember this, even though he doesn't hold much, at least he is still promoting Bitcoin in a good way.

Chivas Regal

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Cheers!

By saying he owns ¼ of one BTC, Elon Musk is probably talking about on his portable device thereby taking the attention off of just how many coins he might have in a bank vault on a paper wallet or thumb-drive.

Topic: Elon Musk Reveals How much Bitcoins he Hold (Read 458 times)