Elon Musk Reveals BTC Holdings in Bitcoin Discussion With J.K. Rowling

Published at: May 16, 2020

Elon Musk appears to have revealed his Bitcoin (BTC) holdings while participating in the crypto community’s efforts to educate J.K. Rowling, the author of Harry Potter, about Bitcoin.

In response to a request from Rowling for Twitter to explain Bitcoin to her, Musk emphasized that “massive currency issuance by govt central banks is making Bitcoin Internet money look solid by comparison.” Musk added: 

I still only own 0.25 Bitcoin btw.

Tyler Winklevoss responded asking, “ Then how are you going to pay for things on Mars?”

Elon Musk claims to be holding 0.25 BTC

However, not all were convinced by the sum of Bitcoin that Musk claimed to own, with self-described crypto investor Alistair Milne responding: “This is called OpSec, something everyone who owns Bitcoin should learn... Pity I lost all mine…”

The Twitter account with the handle @Bitcoin sought to describe the core benefits of Bitcoin in terms that Rowling might find relatable:

Wizards still need to trust Gringotts Bank. Bitcoin fixes this.

Musk sells house but holds on to Bitcoin

Musk’s pronouncement of owning 0.25 BTC suggests that he opted to hold his reportedly small Bitcoin stash despite “selling almost all physical possessions,” as per a series of bizarre tweets posted at the start of May.

Musk also indicated that Tesla “might get into mining” last year.

Tags
Bitcoin
Elon Musk
Tesla
Related Posts
Elon Musk the hero crypto deserves, but maybe not the one it wants, says exec
Elon Musk’s ability to move cryptocurrency markets with his tweets represents a danger to the average investor, said CoinSwap founder Erik Nurm, but the furor created around the Tesla CEO’s social media activity could draw more eyes to crypto in the long run. Nurm pointed out that Musk’s tendency to tweet about Bitcoin (BTC), Dogecoin (DOGE) and other cryptocurrencies began shortly after the Tesla chief was banned from tweeting about his own company by the United States Securities and Exchange Commission. “Elon has been manipulating the market by creating FUD around Bitcoin. He is playing the same game he did …
Bitcoin / June 15, 2021
Elon Musk, $40K and no demand: 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week on a pleasant high thanks to a boost from a familiar source, Elon Musk. Are the good times back? After spending weeks languishing close to $30,000, Bitcoin has managed to stage a sustained comeback to line up an attack on major resistance. With on-chain indicators flashing bullish, there may be a chance of a breakout, but analysts and traders are far from 100% convinced. Cointelegraph takes a look at five things that could influence how BTC price action unfolds in the coming days. Musk tweet changes the game... again The talk of the town, …
Bitcoin / June 14, 2021
Tesla's $1.5B Bitcoin buy throws the cat amongst institutional pigeons
Not all analysts are convinced that Tesla’s recent acquisition of $1.5 billion worth of Bitcoin (BTC) will prove to be as beneficial for the tech giant as it was for the BTC coin price. Head of equity strategy at Saxo Bank, Peter Garnry, wrote in a research note that Elon Musk had exposed Tesla and its investors to “immense risk”, as reported by Reuters on Feb. 11. “Elon Musk has exposed Tesla to immense mark-to-market risk,” wrote Garnry, adding that the main concern for investors was valuing Bitcoin’s worth over the long term, given the intense market volatility it’s been …
Bitcoin / Feb. 11, 2021
Elon Musk: US 'past peak inflation' after Tesla sells 90% of Bitcoin
Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked. Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.” Musk on costs: "The trend is down" After recently selling almost all of its $1.5 billion BTC holdings, Tesla is seeing the emergence of exactly the kind of economic landscape in which risk assets thrive. During a Q&A session at the Annual Meeting, Musk revealed that six-month commodities pricing for Tesla parts is already …
Bitcoin / Aug. 7, 2022
Elon Musk's Tesla held onto its Bitcoin in Q4 despite market turbulence
Electric vehicle manufacturer Tesla refused to offload any more Bitcoin (BTC) during the latter half of 2022 despite selling off 75% of its holdings in the second quarter. In its latest Q4 results report on Jan. 25, Tesla’s financials show it neither bought or sold any of its Bitcoin for the second quarter in a row. This was despite hefty market turmoil in November and December on the collapse of FTX. The documents show the company holds $184 million in digital assets as of Dec. 31, 2022, down from its $218 million in holdings from the quarter prior due to …
Bitcoin / Jan. 26, 2023