Cryptocurrencies Elon Musk revealed space company SpaceX’s Bitcoin holdings, Musk also denied market manipulation: “I may pump, but not dump”

Elon Musk said in a panel discussion he wanted to see bitcoin succeed.

Teslan managing director Elon Musk has reported for the first time that the space company he founded, SpaceX, owns cryptocurrency bitcoin.

Musk spoke on the topic in a panel that also featured the CEO of Twitter Jack Dorsey and CEO of Ark Invest Cathie Wood.

At the same time, Musk said he had bitcoin, ethereum, and dogecoin in his own crypto wallet. In addition, he estimates that Tesla will “most likely” again accept bitcoin in the purchase of an electric car in the future.

It tells about this, among other things Wall Street Journal.

“We’re not selling bitcoin, and I’m not personally selling anything,” Musk said on the panel.

“I would like to see bitcoin succeed.”

Muskin own comments have, for example, fluctuated strongly in the value of cryptocurrencies.

For example, on Saturday, May 8, Musk ran the popular Saturday Night Live entertainment program. The program included, among other things, a joke about dogecoin. More than 70 percent of the value of Dogecoin has disappeared compared to the peak that Saturday.

Read more: Billionaire Elon Musk moves billions of euros with his tweets, and in the future the power of a man barked as an attention-grabbing narcissist will only grow – “He wants to show that he is bigger than the whole world”

Musk said in a panel discussion that bitcoin price cuts will affect him as well.

“I might pump, but not dump,” he said of bitcoin.

“I by no means believe in raising prices and selling after that.”

Tesla said it bought $ 1.5 billion in bitcoins in February. In March, Musk said bitcoins could pay to buy Tesla. In May, however, the electric car company said it would suspend car sales with bitcoin.

In June, Musk said Tesla will accept payments in cryptocurrency bitcoin when bitcoin mining is becoming more environmentally friendly.

The value of the cryptocurrency bitcoin started to rise slightly after Musk’s speeches. This week, for the second time in the summer, Bitcoin, which had fallen below $ 30,000, was at about $ 32,000 on Thursday at 10:30 a.m. Finnish time.

The value of ethereum also started to rise and on Thursday morning it was worth about $ 2,000.



Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: