July 25, 2021

Elon Musk and SpaceX buy bitcoin

Elon Musk and SpaceX buy bitcoin

Elon Musk spoke at the cryptocurrency conference "The B Word", where he revealed SpaceX's investment in bitcoin. Panel The discussion "Bitcoin - a vehicle for creating economic opportunity" was also attended by the head of ARK Invest Katie Wood and the founder of Twitter Jack Dorsey.

Musk said that the only public action inhis portfolio belongs to Tesla, and his other “three significant assets” are Bitcoin, Ethereum and Dogecoin. At the same time, he owns "much more bitcoins than ether or DOGE."

“I do hold bitcoin, Tesla holds bitcoin, SpaceX holds bitcoin. I also have some Ethereum and, of course, Dogecoin. "Musk said.

Musk emphasized that he ranks himself among the supporters of bitcoin and cryptocurrencies, although he criticizes them for their high energy consumption.

“Bitcoin is doing something well, and it is evolving. The practical value for the average person is not very high, but he has great potential "- he added.

Tesla disclosed information about buying bitcoin at$ 1.5 billion in February and subsequently sold some of the assets. SpaceX also bought BTC, but unlike Tesla, SpaceX is not a public company, so it is not obligated to put such information in the public domain. Exactly how many bitcoins are in SpaceX's reserves, Musk did not specify.

In May, the Tesla founder announced that the companystops accepting Bitcoin due to its negative impact on the environment, thereby accelerating the decline of the cryptocurrency market. Commenting on his impact on the market, he said:

“If the price of bitcoin goes down, I lose money. I can pump, but I don’t pump! "

He also confirmed that Tesla "is likely to resume accepting payments in bitcoin":

“I really believe that there ispositive trend in bitcoin energy consumption. This is partly due to the fall in the exchange rate. From the moment Tesla bought Bitcoin, it started using a lot more energy. We cannot be a company that supports this. It looks like bitcoin is heading towards renewable energy and coal mines in China are closing. There is a trend towards using more than 50% of renewable sources. In this case, Tesla will resume accepting bitcoin. "

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Feedback and support - we analyze user reviews and the quality of technical support.
  • Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform features - availability of additional features - futures, options, staking, etc.
  • final grade - the average number of points for all indicators, determines the place in the rating.

Elon Musk and SpaceX buy bitcoin


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