Pi Union
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Pi Union

Elon Musk and related companies hold more than $ 5 billion in bitcoin

Anthony Scaramucci, a financier and former White House communications director, claims that Tesla’s $1.5 billion in bitcoin is not the entire cryptocurrency of Elon Musk and related companies.

“Elon Musk did not stop at Tesla. I understand that SpaceX keeps bitcoin on its balance sheets. Elon Musk owns more than $5 billion in bitcoin through Tesla, SpaceX and in person, ”the CEO of Skybridge Capital wrote on Twitter.

Tesla disclosed cryptocurrency investments in February in reporting to the US Securities and Exchange Commission (SEC). SpaceX, by contrast, is not a public company, so it is not obligated to publish such information. SpaceX is believed to have attended a MicroStrategy conference on cryptocurrency investments last month.

Scaramucci made his comment in the context of Musk’s investments and the negative impact of bitcoin on the environment:

“No living person has done more to protect the planet from climate change. The idea that Elon Musk will invest in a “dirty asset” is absurd. The future of bitcoin mining is in renewable energy sources. “

Scaramucci said that investors will come to realise the superiority of bitcoin over gold if they take the time to study cryptocurrency.

“The world is changing. It’s easier to store, faster to move, and the value of a trusted network grows, ”he said. “You don’t need to have a lot, but at least some.”

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