• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, May 13, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

How much Bitcoin does Elon Musk own?

by Reshab Agarwal
March 22, 2021
in Bitcoin, Crypto, News, Trending
Reading Time: 2 mins read
0
How much Bitcoin does Elon Musk own?
TwitterWhatsappLinkedin

Elon Musk was one of the first prominent individuals to embrace cryptocurrencies. Though his favourite is still Dogecoin, he also invested a lot in Bitcoin. Back in 2018, Elon Musk owned only a small amount of cryptocurrency at 0.25 BTC. But his recent investment of $1.5 billion through Tesla made him one of the largest BTC holders globally. He even got a lot of backlash for this, saying that on the one hand, he was going green with Tesla, and simultaneously he was investing in Bitcoin and wasting energy.

You might also like

Trump-Appointed Officials Denied Entry to U.S. Copyright Office Amid Leadership Shake-Up

Qatar’s $400 Million Jet Gift to U.S. for Trump’s Use as Air Force One Raises Eyebrows

Lehigh County Halts New Tesla Investments Over Musk’s Political Focus and Company Decline

Rumours about Elon Musk holding more Bitcoin

We all know about the $1.5 billion investment that Tesla made in Bitcoin. And that’s only what we associate with Elon Musk. But reports suggest that Elon Musk holds a lot more at around $5 billion in Bitcoin. This was reported by Scaramucci, who believes that Elon Musk has a huge BTC holding. Though we cannot be entirely sure of the data, it is a believable thing to imagine. After all, he is a man of the future. In fact, when people say that Bitcoin isn’t energy efficient and has a huge carbon footprint, they aren’t wrong. But that isn’t what the future will be for Bitcoin.

Elon Musk
Image Source: The Verge

The holdings that Elon Musk has doesn’t add to a carbon footprint but makes up for an opportunity to go green in the future. We need to understand that the future of Bitcoin mining is using Renewable energy resources. And so we should not worry about the environmental impact we have with Bitcoin as it is going to be solved. In fact, if we look at it that way, even the dollar has a huge carbon footprint. Scaramucci also agreed to this that we should know the fact if something is not good enough, Elon wouldn’t have invested in it. He said that Elon Musk sees the future, and that is why he has invested in Bitcoin. Scaramucci also added that “No living person has done more to protect the planet against climate change”.

Bitcoin’s carbon footprint and future

According to a report, every $1 billion invested in Bitcoin is equivalent to the carbon footprint of 1.2 million cars in a year. At the same time, another paper says that one Bitcoin transaction’s CO2 footprint is equal to 795,752 VISA transactions and could power an entire house for 25 days. We have to understand the fact that, yes, Bitcoin has a carbon footprint, but like everything else, we have to make it green. To stay profitable, miners should use renewable energy for mining, and problems will be solved. And that is the main point here. Bitcoin has a lot of positives, and its only downside is power consumption, and so if that is solved, we can expect it to be a global currency.


What are your thoughts on the BTC holdings of Elon Musk? Let us know in the comments below. Also, if you found our content informative, do like it and share it with your friends.

Also Read: Bitcoin is ‘Volatile’ and ‘Impractical’ says Bank of America.

Tweet55SendShare15
Previous Post

Twitter forced to obey Turkey’s social media laws, creates new entity

Next Post

Microsoft Windows got some serious printing issues, rolls another update

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Trump-Appointed Officials Denied Entry to U.S. Copyright Office Amid Leadership Shake-Up

by Harikrishnan A
May 13, 2025
0
Trump-Appointed Officials Denied Entry to U.S. Copyright Office Amid Leadership Shake-Up

A pair of unexpected visitors claiming to be newly appointed Trump administration officials caused confusion at the U.S. Copyright Office this week. The incident follows a wave of...

Read more

Qatar’s $400 Million Jet Gift to U.S. for Trump’s Use as Air Force One Raises Eyebrows

by Harikrishnan A
May 13, 2025
0
Trump Warns Google will be “shut down” if it’s not Careful

President Donald Trump is set to receive a lavish gift from the royal family of Qatar—a Boeing 747-8 jet reportedly worth $400 million. The 13-year-old aircraft, often described...

Read more

Lehigh County Halts New Tesla Investments Over Musk’s Political Focus and Company Decline

by Harikrishnan A
May 13, 2025
0
Tesla Owner Burns Down Car and House After Plugging Directly Into Power Line

Lehigh County in eastern Pennsylvania has voted to stop purchasing new Tesla stock, citing concerns over the automaker’s declining financial performance and CEO Elon Musk’s increasingly political public...

Read more
Next Post
Microsoft

Microsoft Windows got some serious printing issues, rolls another update

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?