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Inside money, markets, and Big Tech

This article was published on February 21, 2019

Elon Musk thinks Bitcoin is ‘brilliant’ — but only owns 0.25 BTC

You can be richer than Musk, in Bitcoin.

Elon Musk thinks Bitcoin is ‘brilliant’ — but only owns 0.25 BTC
Matthew Beedham
Story by

Matthew Beedham

Editor, SHIFT by TNW

Matthew is the editor of SHIFT. He likes electric cars, and other things with wheels, wings, or hulls. Matthew is the editor of SHIFT. He likes electric cars, and other things with wheels, wings, or hulls.

Despite Elon Musk being somewhat of an unofficial poster boy for cryptocurrency, it turns out he actually doesn’t hold any – well, aside from 0.25 Bitcoin.

The Tesla CEO recently went on record proclaiming Bitcoin is “quite brilliant,” and that “paper money is going away.”

It might come as a surprise then to learn that Musk infact doesn’t have any “crypto holdings,” according to a Tweet from earlier today. Just a relatively small amount of Bitcoin.

What’s more, the Bitcoin that he does hold was gifted to him from a friend. So it might be fair to assume that the Tesla techster hasn’t even bought any Bitcoin. Come on Elon, do better.

Naturally, the Bitcoin community were quick to capitalize on this and spread the news as gospel.

It shouldn’t come as any suprise that the community is so keen to jump on anything positive Musk says about Bitcoin. His Twitter identity has long been the cryptocurrency scammer’s tool of choice for extoring coins from unwitting victims.

Indeed, it got so bad that the real Musk took notice and even credited the scammers as having “mad skillz.” He also recruited Dogecoin creator, Jackson Palmer, to fight the scambot epidemic.

It’s actually not outside of our grasp to be richer than Musk. Y’know if you put his assets, cash, and all other forms of wealth to one side, and focus just on the Bitcoin.

But that’s all that really matters, right?

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