CEO of Tesla, Chief Engineer of SpaceX and Messiah for crypto investors Elon Musk is an influential figure in the crypto market and community. He attended ₿word on Wednesday alongside with Cathie woods and twitter founder Jack Dorsey.
Elon Musk clarified that he dont dump crypto currencies and he himself and his company owns ethereum doge coins and Bitcoin. He said, “ I Own Bitcoin, Tesla Owns Bitcoin, SpaceX Owns Bitcoin
Musk said he loses money when the value of bitcoin or other cryptocurrencies declines but that he or his companies has not been selling any bitcoins, and he would like to see bitcoin succeed. Musk admitted that he loses money when the value of bitcoin or other cryptocurrencies falls, but that despite the volatility, he has not sold.
He believes in cryptocurrencies as a way to “increase the power of the individual in relation to government”