- Elon Musk, the richest man in the world with assets of over $ 180 billion, may have allegedly quietly accumulated Bitcoin (BTC). Some experts suggest that Elon Musk is a Bitcoin whale. Here are the reasons…
Elon Musk, the richest man in the world with assets of over $ 180 billion, may have allegedly quietly accumulated Bitcoin (BTC). Some experts suggest that Elon Musk is a Bitcoin whale. Here are the reasons…
Big claim: Elon Musk is already a Bitcoin whale …
Bitcoin whales are known for their large Bitcoin purchases. Their arrival to the market is generally quite distinct. Whaling activities have a huge impact on the cryptocurrency market as it is often long term. Whales often trigger a pump or dump in the market, depending on how much crypto they buy or sell. According to experts in the case of Elon Musk, there are two possibilities: his company bought Bitcoin privately for Tesla or bought Bitcoin for himself independently.
Throughout the year, Elon Musk made mixed statements about whether he had BTC or not. This statement was made two years ago, although the billionaire announced that he does not own any Bitcoin other than 0.25 BTC, which was sent to him by a friend a few years ago. According to experts, there are many reasons to suspect a change in this situation in 2021. Earlier this year, Elon Musk responded randomly to a tweet sent by Ben Mezrich and said he would not hesitate to receive payments with Bitcoin.
Here are the developments that strengthen this claim
This response has sparked a lot of speculation among experts and analysts. Elon Musk, in particular, regularly either responds to questions asked by curious followers or simply shares his thoughts via tweets. According to experts, although Elon Musk did not follow Ben Mezrich at the time, he was quick to answer the question as he paid attention to the tweets about BTC.
Also, according to experts, Elon Musk saw the potential of the BTC market and changed his Twitter bio to only mention Bitcoin (BTC). “It was inevitable in retrospect,” Elon Musk said in another tweet the same day. In addition, Tesla CEO made another statement regarding BTC in the past months and said “Bitcoin is my safe word”.
Investors and market makers carefully watch Elon Musk’s statements
Before the recent events, Elon Musk commented on a tweet in December 2020, in which artificial intelligence researcher and podcaster Lex Fridman said “Mars economy will work with crypto money”. Although no specific cryptocurrency is mentioned, experts say Elon Musk’s recent actions make Bitcoin a strong candidate.
Famous Billionaire Wheeled: I Can Invest In Bitcoin (BTC)!
That being the case, according to experts, there is a possibility that Elon Musk has already bought Bitcoin for the testing phase. Due to his influence in the fintech world, Elon Musk may not be able to open his BTC investments immediately. Meanwhile, most experts and investors claim that Elon Musk already has enough BTC. For this reason, investors and market makers carefully follow Elon Musk’s statements.