en
Back to the list

Elon Musk Holds $5 Billion, Says SkyBridge Capital’s Anthony Scaramucci | CryptoGazette - Cryptocurrency News

source-logo  cryptogazette.com 20 March 2021 13:02, UTC

Anthony Scaramucci, the founder of global investment company SkyBridgeCapital, said that Elon Musk’s $1.5 billion Bitcoin purchase is just the beginning.

He revealed that Musk is also holding Bitcoin through his aerospace manufacturing company SpaceX.

“Elon Musk didn’t stop with Tesla. I understand that SpaceX owns Bitcoin on its balance sheet. Elon Musk owns over $5 billion in Bitcoin via Tesla, SpaceX, and personally. No living person has done more to protect the planet against climate change.”

Back in February, MicroStrategy CEO Michael Saylor revealed that SpaceX is among the 7,000 companies that sent representatives to the business intelligence firm’s Bitcoin summit, an event launched for companies that are interested in buying BTC as a treasury asset.

Scaramucci added that Musk’s multi-billion-dollar BTC investment is part of his vision to create a world that relies on renewable energy.

“The idea Elon Musk would invest in a ‘dirty asset’ is absurd. Future of Bitcoin mining is renewable energy. Elon Musk sees a future in which 1) renewables replace fossil fuels 2) Bitcoin demonetizes gold, RE, equities & art + becomes a dominant store of value. Answer to energy FUD is Elon Musk!” he said as quoted by the online publication the Daily Hodl.

Anthony Pompliano praises Elon Musk

He’s been buying Bitcoin, and MicroStrategy’s Michael Saylor has been doing the same thing since back in 2020, and he’s been boosting Bitcoin adoption.

The mainstream adoption of Bitcoin and crypto has been one of the most important goals that the crypto industry has set, and things have been going in the great direction so far. The momentum seems to continue.

Now, Anthony Pompliano praises Elon Musk and says that he’s one of the world’s largest owners of Bitcoin.

Check out his tweet below:

Elon Musk is one of the world’s largest owners of Bitcoin across Tesla, SpaceX, and his personal holdings.

Legend.

— Pomp 🌪 (@APompliano) March 19, 2021

Stay tuned for more news.

cryptogazette.com