On Tuesday, Feb. 22, Elon Musk visited Kanye West's Donda 2 listening party in Miami, as can be seen on multiple videos that are circulating Twitter now.
The Tesla chief was wearing a jacket and a shirt that says "crypto" and was trolling critics of cryptocurrencies.
lol Elon Musk chilling with French Montana and Rick Ross at Kanye West's DONDA 2 show tonight. https://t.co/JytPc08mB1
— Sawyer Merritt ?? (@SawyerMerritt) February 23, 2022BTC and ETH to Benefit from US-China Trade Detente, Tom Lee ClaimsMichael Saylor Drops 'Orange Dot Day' Teaser: Did Strategy Buy More Bitcoin Last Week?-62% and 978,000,000 SHIB in 24 Hours: This Is Extremely Good SignMorning Crypto Report: Why Is XRP Price Up Today? Ripple CEO and President Defy Retail Fear, Cardano at Risk of 20% Death Cross Crash
Elon Musk would not "bet the farm on crypto"
When the camera caught the Tesla boss, he said, "I don't know, I definitely wouldn't bet the farm on crypto."
According to The Independent, the centibillionaire and Kanye West (who has recently officially shortened his name from Kanye to simply Ye) have been friends for a long while already.
"I definitely wouldn't bet the farm on crypto" - @elonmusk … while wearing a shirt that says “CRYPTO” ??? https://t.co/JqBChg06GP
— Sir Doge of the Coin (@dogeofficialceo) February 23, 2022
Musk still owns Bitcoin, Ethereum and DOGE
Musk tweeted the same statement back in October 2021. He urged the community not to bet all of their money on crypto, stressing that only building products and providing services to your fellow human beings—and not money in any of its forms—has true value.
However, Musk admitted that he personally owns "some ascii hash strings called 'Bitcoin, Ethereum & Doge.' "
Out of curiosity, I acquired some ascii hash strings called "Bitcoin, Ethereum & Doge". That's it.
— Elon Musk (@elonmusk) October 24, 2021
As I've said before, don't bet the farm on crypto! True value is building products & providing services to your fellow human beings, not money in any form.
Tesla has not sold its BTC stash
Besides, Tesla still holds the Bitcoin it acquired back in early 2021—$1.5 billion worth of BTC. The purchase of the flagship cryptocurrency was made in February last year.
Later on, the e-car making giant sold 10% of its stash to test Bitcoin's liquidity. However, the company still holds the rest of the BTC and has not sold a single Satoshi, according to a report issued in Q4 last year.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team