Does Elon Musk own Bitcoin?
The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token. "I literally own zero cryptocurrency, apart from . 25 BTC that a friend sent me many years ago," Musk confessed.
Who Owns the Most Bitcoins? Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
SpaceX documents viewed by The Wall Street Journal show that the private space company has sold all its Bitcoin, after writing down the value of its holdings in 2021 and 2022. Tesla (TSLA) sold 75% of its Bitcoin holdings last year.
Tesla Inc. and SpaceX have a combined total of around 19,800 Bitcoins, according to Arkham. The stash is divided across many wallets: Tesla holds around 11,500 BTC across 68 addresses, while SpaceX holds around 8,300 tokens across 28 wallets.
While he personally believes in crypto and owns some himself, he also calls it a “Hail Mary.” In a January ask-and-answer session on X, Cuban said that his crypto portfolio includes Bitcoin, Ethereum, Polygon and Injective, and that his NBA team the Dallas Mavericks still accepts Dogecoin as payment.
How Many Bitcoins Have Been Mined as of the First-Half 2022? The majority of bitcoins have already been mined. As of June 2022, 19.07 million bitcoins were mined, leaving only 1.93 million left to be mined.
Musk has long been a vocal advocate for crypto. He has said "paper money is going away" and believes that cryptocurrencies like Bitcoin (BTC -5.06%) are "ingenious." Musk is on record saying that he owns popular cryptocurrencies such as Bitcoin, Ethereum (ETH -8.11%), and Dogecoin (DOGE -15.91%).
Tesla made a $140m (£113.5m) loss on its Bitcoin investments in 2022, according to filings. The electric car maker told the US regulator it lost $204m on Bitcoin overall, though it gained back $64m through trading.
Tesla's Bitcoin Holdings Remain Unchanged in Q4
The Elon Musk-led company holds over $387 million worth of bitcoin.
What three coins does Elon Musk own?
- Bitcoin.
- Ethereum.
- Dogecoin.
Nakamoto owns between 750,000 and 1,100,000 Bitcoin. In November 2021, when Bitcoin reached a value of over $68,000, his net worth would have been up to $73 billion, making him the 15th-richest person in the world at the time.
| Coin | Market Capitalization | Current Price |
|---|---|---|
| Bitcoin (BTC) | $1.30 Trillion | $66.221 |
| Ethereum (ETH) | $390 Billion | $3,254 |
| Binance Coin (BNB) | $86.3 Billion | $577 |
| Solana (SOL) | $69 Billion | $154.53 |
Any talk of billionaires buying Bitcoin has to start with Michael Saylor, executive chairman and co-founder of MicroStrategy (NASDAQ: MSTR). The billionaire started aggressively buying Bitcoin back in mid-2020, and has been continually ramping up his company's Bitcoin holdings since then.
In the post, Ramsey is direct, saying that investing in crypto is not a good idea. Additionally, in his trademark style, he said, "You could lose your shirt (and pants) messing around with crypto. Steer clear, Big Tuna. Head for open waters.
Cuban, who confirmed the Dallas Mavericks NBA team he previously owned still accepts dogecoin, has experimented with cryptocurrencies and decentralized finance (DeFi) since becoming a crypto convert. He famously said in 2019 he'd rather have "bananas than bitcoin."
Bitcoin (BTC) Price Prediction 2030
According to your price prediction input for Bitcoin, the value of BTC may increase by +5% and reach $ 87,239.62 by 2030.
| USD | BTC |
|---|---|
| 500 USD | 0.00767863 BTC |
| 1,000 USD | 0.01535726 BTC |
| 10,000 USD | 0.15357263 BTC |
| 100,000 USD | 1.54 BTC |
- Use an exchange to sell crypto.
- Use your broker to sell crypto.
- Go with a peer-to-peer trade.
- Cash out at a Bitcoin ATM.
- Trade one crypto for another and then cash out.
- Bottom line.
Bitcoin's pseudonymous creator, Satoshi Nakamoto, set a hard cap of 21 million bitcoins for mining. With each halving, the rate at which new bitcoins are created slows down, and the final bitcoin is expected to be mined around the year 2140.
Does Bitcoin have a future?
Bitcoin has flourished as digital gold. But, in the long-term, its biggest impact will be in denominating business and trade, says Zac Townsend, CEO of Meanwhile. Bitcoin is a global, decentralized currency that is beyond the control or guarantee of any country.
In the long term, there will only ever be 21 million bitcoins in existence. The halving events will continue until the last bitcoin is expected to be mined around the year 2140. After this, miners will only earn from transaction fees.
Now, Elon Musk, who helped fan the flames of the huge 2021 bitcoin and crypto bull run, has said he wouldn't advise "anyone to buy crypto"—despite Wall Street giant Goldman Sachs and Microsoft backing a new blockchain.
Billionaire Elon Musk has continued to support the Dogecoin meme coin, revealing that he owns some of the cryptocurrency itself. This is in line with Musk's support that made the meme coin gain prominence in 2021, sending it to new all-time highs.
Musk Believes in Crypto's Future
At the conference, he further said that he has more Bitcoin than Dogecoin and Ethereum. The reason behind this is his firm belief in the currency.
