June 24, 2021

Does Elon Musk Hold $5 Billion in Bitcoin? Skybridge Capital CEO Says Yes

2 min read

Elon Musk, the serial entrepreneur heading Tesla and SpaceX could own$ 5 billion worth of Bitcoin, as per billionaire wealth manager and Skybridge Capital CEO Anthony Saramucci. Scaramucci is a big-time Bitcoin proponent himself who sees Bitcoin replacing golf as a true shop of value in the future. In a recent tweet, he discussed that Musk might be own $5 billion worth of Bitcoin held throughout Tesla, SpaceX, and himself.

Elon Musk owns over $5 billion in #bitcoin via Tesla, SpaceX, and personally. No living person has done more to protect the planet against environment change.
Scaramucci’s belief is based upon Musk’s love for innovation and the truth that along with Tesla lots of SpaceX executives attended the MicroStrategy conference that is believed to have pressed Musk for making the Bitcoin purchase.
Throughout a current Clubhouse, appearance Musk had actually pointed out that he was aware of the top cryptocurrency as early as 2013 and also said that many other wall street giants would hurry to add Bitcoin to their business’s balance sheet.

Elon Musk’s Liking For Renewable Energy Could Make Him Mine His Own Bitcoin?

Scaramucci also forecasted that Musk would ultimately purchase renewable bitcoin mining provided his love for renewable resource and the fact that he made electrical automobiles mainstream. There has been a great deal of FUD around Bitcoin mining and its carbon footprint, something which was debunked 2 years ago. Bitcoin is accused of consuming too much energy without making any genuine use of it apart from fixing a couple of intricate mathematical computations.

However, the majority of the Bitcoin mining farms make use of either surplus energy or energy produced from a clean source such as hydro powerplants and dams. Scaramucci discussed,

Elon Musk sees future

1) renewables replace fossil fuels

2) Bitcoin demonetizes gold, RE, equities & & art + becomes a dominant store of worth

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