Elon Musk Reveals Cryptocurrency Holdings

February 25, 2018 BY

After being impersonated on Twitter by scam artists, Elon Musk has revealed his cryptocurrency holdings.

Scam posts on Twitter are becoming more common. A lot of fake profiles are being created impersonating famous blockchain figures in attempts to steal cryptocurrency from other users. Scammers will ask for a small donation and in exchange, they promise to send back several times the amount donated. That is of course not the case, instead, they will keep your money.

A number of fake account pretending to be Elon Musk, the tech billionaire and entrepreneur known for founding Tesla and SpaceX, is now popping up on Twitter. However, when a concerned Twitter user asked Musk “why is all the spam popping up lately?”, he answered in a tweet:

Musk responded: “I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago.” Using today’s Bitcoin price, Elon Musk’s .25 BTC is worth roughly $2500, which is only 0.000012% of his total net worth which stands a $21.4 billion.

Last year, Musk denied rumors suggesting that he was Satoshi Nakamoto, the creator of Bitcoin. The rumors began after Sahil Gupta, who was a former intern at SpaceX, said in a blog post: “Satoshi is probably Elon”.

“Elon is a self-taught polymath. He’s repeatedly innovated across fields by reading books on a subject and applying the knowledge. It’s how he built rockets, invented the Hyperloop (which he released to the world as a paper), and could have invented Bitcoin.” Said Sahil Gupta.

The true identity of Satoshi Nakamoto is still unknown.

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