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SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener

July 22, 2021. Summarized by summa-bot.

Compression ratio: 19.8%. 1 min read.

Coin Metrics' Nic Carter is “glad” that Elon Musk has been reevaluating the facts regarding BTC mining but thinks that in any case "the environmental costs are offset by its enormous utility.”

Tesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC).

That rally came to an abrupt end after Tesla stopped taking Bitcoin payments due to environmental concerns, but speaking at "The ₿ Word" — a virtual Bitcoin (BTC) event — the erratic tech billionaire suggested Tesla was on the verge of accepting the cryptocurrency again following promising signs the percentage of renewable energy used for mining was increasing.

“I do own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin, and I do personally own a bit of Ethereum and Dogecoin of course. ”

@elonmusk owns over $5 billion in #bitcoin via Tesla, SpaceX, and personally.

During the event, Musk donned a BTC themed t-shirt and appeared to be relatively optimistic about the future of digital gold as he stated that he owns "much more Bitcoin than Ether or DOGE. "

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by summa-bot

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