Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. 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. Using today's bitcoin price of about $10,000 a coin, that translates to $2,500.
The serial entrepreneur – whose net worth tops $20 billion – made the revelation in response to a question about an online scam where random users pose as celebrities (like Musk) in a bid to steal people's cryptocurrencies.
Musk's indifference to bitcoin probably wasn't a shock to his fans, since he recently revealed that "a friend sent me part of a BTC a few years, but I don’t know where it is."
Is Elon Musk Satoshi Nakamoto?
In November 2017, Musk denied rumors that he was Satoshi Nakamoto, the mysterious inventor of bitcoin. The brouhaha erupted after a former SpaceX intern, Sahil Gupta, in a blog post on Medium, wrote "Satoshi is probably Elon."
Gupta reasoned: "Elon is a self-taught polymath. He’s repeatedly innovated across fields by reading books on a subject and applying the knowledge. It’s how he built rockets, invented the Hyperloop (which he released to the world as a paper), and could have invented Bitcoin."
The true identity of Nakamoto has never been confirmed, but there has been a steady stream of speculation about who he is ever since bitcoin quietly launched in 2009.
