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Elon Musk Discloses How Much Bitcoin (BTC) He Owns

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Sat, 05/16/2020 - 08:01
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Yuri Molchan
After the author of the iconic Harry Potter book series asked Crypto Twitter to help her understand Bitcoin, Elon Musk also stepped in, confessing that he still owns BTC
Elon Musk Discloses How Much Bitcoin (BTC) He Owns
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In a heated discussion that emerged on Twitter after the Harry Potter author J.K. Rowling asked the community for a clarification of what Bitcoin is many top Bitcoiners attempted to do that.

Among them was the VanEck’s digital assets director Gabor Gurbacs and the Tesla CEO Elon Musk.

The latter seems to be a sort of fan of Bitcoin and he admits there are benefits of BTC against the current non-stop QE initiated by President Trump and the Fed.

Musk even disclosed how much Bitcoin he still owns.

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Here’s how much BTC Elon Musk holds

While telling J.K. Rowling that despite somewhat vague explanations of Bitcoin geeks BTC ‘looks solid by comparison’ to the ‘massive currency issuance by govt central banks’, Elon Musk admitted that he still owns a quarter of one Bitcoin.

However, he does not seem in a rush to buy any more BTC yet.

As reported by U.Today previously, Elon Musk tweeted that he was about to sell all his physical assets, including his house.

Now, following his confession about keeping his 0.25 BTC, a joking tweet appeared that Elon Musk has sold his houses but is still sitting on his Bitcoin.

Bitcoin likes those that run full nodes more than celebrities: Gabor Gurbacs

VanEck’s crypto asset expert has taken to Twitter to share his attitude towards the Harry Potter author making enquiries about Bitcoin. However, unlike many other Bitcoiners, Gurbacs is not so excited and not impressed at all.

“JK Rowling is less important for #Bitcoin than the random guy/girl who runs a full node in a small village.”

He has stated that celebrities do not make much difference for Bitcoin long term and that anyone running a full BTC node is much more important for the network.

“Bitcoin likes those that run full nodes more than celebrities.”

Related
Harry Potter Author Asks Crypto Twitter to Help Her Understand Bitcoin

Will Rowling initiate a BTC bull market?

Vijay Boyapati, a senior IT developer at Peach Inc, has told his 31,800 followers that whenever someone famous starts talking about Bitcoin on Twitter, it is likely to bring on a bull market.

Although he does not mention J.K. Rowling directly, it is highly possible that it was the Harry Potter creator that Boyapati had in mind.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.