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Home Business Elon Musk Says He Owns Bitcoin, Ether, Dogecoin; Cryptocurrency Market Jumps

Elon Musk Says He Owns Bitcoin, Ether, Dogecoin; Cryptocurrency Market Jumps


Tesla CEO Elon Musk Says that he wants to see Bitcoin succeed, but does not believe in getting the price high or selling. (Representational Image)(Photo: Reuters)

Elon Musk says that he owns far more Bitcoin, than Dogecoin or Ethereum and that he wants it to succeed. It is his largest holding outside of Tesla and SpaceX.

Tesla CEO, Elon Musk said that he owns Bitcoin, Dogecoin and Ethereum at a Bitcoin event on Thursday called ‘The B Word’. He was quoted as saying that outside of his Tesla and SpaceX stocks, cryptocurrency makes up his largest holdings. Musk said, “Outside of Tesla and SpaceX stock, it’s my largest holding.” Musk was speaking at the event alongside Twitter CEO, Jack Dorsey and Ark Invest, CEO Cathie Wood.

He also went onto add that Tesla would most likely start accepting cryptocurrency payments again after the company has done a fair bit of due diligence on how much renewable energy is used to mine it. He made it clear that he was not selling any Bitcoin, but if the price of the crypto coin falls, then he would lose money. Musk said, “If the price of Bitcoin goes down, I lose money. I might pump, but I don’t dump.” He stated that he wants to see Bitcoin succeed as he owns far more Bitcoin than Dogecoin or Ether.

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