Bitcoin Forum

Elon Musk is one of the guys we follow and recently he started speaking about Bitcoin (Cryptocurrency) and recently he Told in a tweet How much Bitcoins he actually Holds
Can You Guess That How much this Billionaire Guy Hold Bitcoin

He Revealed that he Hold only 0.25 BTC Worth Upto 2000+ Dollars
Source: https://twitter.com/elonmusk/status/1261429085999296512?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed&ref_url=https%3A%2F%2Fdecrypt.co%2F29053%2Felon-musk-reveals-how-much-bitcoin-he-owns

Also CZ Binance Reply ELON

Do you guys realy think a 40$ Billion Networth Guy Hold only 0.25BTC?

Yeah coz why not? I mean it's not impossible that he is not into bitcoin despite of being rich. He got Tesla and I think that's enough proof that he can be a billionaire even without owning a single crypto. Besides, he is a well known Dogecoin fan that's why he only got .25 btc ;D.

maybe he has a lot of doge like billions of it. so he only disclosed his btc holdings so as not to make a big fuzz with it. but it just shows that he knows how to deal with crypto. it is not a rocket science anyway considering that he is into rockets literally.  ;D  anyway, I think there are a lot of known personalities that are silently holding bitcoin. and if you are a holder, you really don't need to brag it to others.

You can never be sure about his statements. I recall a tweet saying that Tesla's stock price is expensive. Can you trust such a guy? Was he sober?

i don't think we have any reason to believe that it's untrue. but the important thing is that it doesn't matter.. it provides the potential upside the day he comes out and says he's taken time to understand it, and has now bought a lot more bitcoin ;D.

How the heck can you believe on what he tweeted. Why will anyone reveal the actual amount on a public forum when the world knows never to reveal your holding.

He is playing mind games with the community as he has done in the past and there are members here who believe those tweets. Those are bunch of lies he tweeted.

I think he is being humble in that sense coz guy like him who is Soo involve in whatever he does or wherever he invest has bought only a drop from ocean is unreal to believe.If he thinks Bitcoin is a future than he would have invested much more and if not than he would not even buy Bitcoin worth single dollor so I don't think he is speaking truth here.

Well, we can take his words to be the truth, or we can speculate that he is just hiding whatever Bitcoin he is holding. In the world of business and investing, there are many ways one can own something without really technically owning it. Now, if the man is telling the truth then maybe he is not really convinced that he needs Bitcoin or as one poster here is speculating the man just does not need Bitcoin as he has many other business interests being pursued. Still, the industry and community owed this man some thanks as he is a known supporter and promoter of Bitcoin and cryptocurrency in general.

This is a joke of the year that Elon Musk hold only 0.25 bitcoins.  Even if he did not wanted to tell the truth he could have announced some reasonable amount. No one will believe that a millionaire is holding such a small amount of bitcoins.

Elon musk claiming he have 0.25 bitcoins is strange. Atleast he admitted of possessing bitcoins. That would make him poorer than myself. Elon is a intelligent person and a tech enthusiast. Has talked about bitcoin and Ethereum on several occasions. It would not be a surprise if he's saying he have 0.25% of all bitcoins.

Do we really need to know how much BTC Elon Musk hold? Yes, he seems to be very bullish about it but I guess it doesn't matter though. It won't push the price, it won't get the needed adoption. And again, bitcoin is pseudo-anonymous, we only have bitcoin address to rely on. Anyone can claim that they have 1 or 10 or even 100 bitcoin, but we really don't know if that is true, unless he signs that address. And even average Joe doesn't want to revel how much bitcoin they have. So we can't really say if this is true or not.

He twitted that amount too last Feb. 2019 and yet he still hold the same amount. Hmm. Probably, he wants to remain lowkey spite of being popular so that people wouldn't go crazy that he holds a lot of amount. Btw, here's the tweet that he made last year. He said that it's just a gift from a friend.

https://twitter.com/elonmusk/status/1098533927336083456

Maybe he's also saying the truth but he's knowledgeable about it.

And in bitcoin community, it's not really required to tell how much you have.

This is very strange, it seemed to me that he invests in crypto quite a lot. There is something to think about.

Elon Musk has a special sense of humor, and he often said provocative things about cryptos before. It might be another joke of his, I don't know. Or perhaps he personally owns just 0.25 BTC but his relative/company owns way more... It could be that 0.25 is all he has, though. This guy is a typical trickster, IMO. Even now, saying that he owns only 0.25 BTC, he made the news because of telling Rowling that Bitcoin 'looks solid' in comparison with fiat, basically (see here (https://www.forbes.com/sites/billybambrough/2020/05/16/elon-musk-slams-massive-fed-stimulus-tells-harry-potter-author--bitcoin-looks-solid/#25d5cb52da6d)). But in the same sentence he called bitcoin 'internet ghost money' which might be offensive. He keeps his crypto opinions well-balanced, so his neither a supporter nor an opposer in the end.

It is not April Fool's Day anymore but we could still see some good jokes.

Difficult to believe that this guy will just buy that much. Trial version?  ;D
It is either he doesn't own 100-500 bitcoins or he doesn't have any.
That is the only option if you are rich.
Or, he could be buying other crypto currencies. A possible theory could be, he sold it now and just waiting for the buy back.
Just a hunch.

What is strange though? we really don't know if he is a crypto investors or just joining the bandwagon.

For us, its really hard to believed that a billionaire like Elon will have < 1 BTC, but hey, who I'm I to judge this guy? For all we know, he may have stash more BTC but he just want to keep it quiet because maybe some of his friends are going to bash him for investing on crypto. We really can't say for certain, but it doesn't bother me at all.

I also posses more bitcoins than Elon musk. I wonder why people speck false statements with so much confidence. Don't they think that people will make fun of them once they will hear such statements of popular personalities ?

Elon Musk can buy a lot of btc at any time but it seems that he is not interested in it.

If that is a true statement then the conclusion is:
1. he is not into Bitcoin
2. he loves and believe in Doge more than Bitcoin
3. he loves and believe in Tesla more than Bitcoin

Most of his wealth is in the form of Tesla and SpaceX stocks.The Tesla stocks were pretty volatile a few months ago.If he sells some stocks just to buy a large amount of BTC,the stock prices of his companies might collapse.
A guy like Elon Musk likes to build things-automobiles and rockets.Buying a cryptocurrency just for the sake of speculation and trading profits isn't in his style.Even though he has some interest around Bitcoin,he is the co-founder of PayPal(even though he sold his shares).I think that PayPal can be considered as Bitcoin's archenemy. ;D  

I don’t believe Musk only holds 0.25BTC, there’s no way he has that small a stash. If he still has any then it will be a lot more than that, he’s a very clever guy, he knew what he was doing tweeting about bitcoin :D

Why exactly do you feel someone like Musk needs to own a considerable amount of BTC just because he is rich? He probably bought and sold BTC many times in the past and is simply talking about how much he owns currently.

This is pretty obvious. Do you really think that the founder of Tesla would prefer BTC over his own creation?

He probably sold most of his stash in the past and is HODLING a small amount for now. Why does everyone think that him tweeting about BTC equates to him HODLING a large stash of BTC?

I would have believed Elon’s words had he posted a signed message from his wallet, but the very fact that he didn’t post a signed message gives me enough ammunition to not to trust him. Furthermore while we’re debating about Elon tweet, apparently J.K. Rowling tweet stole the show where she says bitcoin gives eternal life, what do you’ll think of her tweet?.

Source:

https://www.news18.com/news/buzz/eternal-life-elon-musk-tries-to-explain-bitcoin-to-jk-rowling-author-has-last-laugh-2623967.html

Im richer than Mask at least in bitcoins

There are many billionaires such as Warren Buffet, who doesn't own any coins at all. What about that? There are some billionaires who have invested in Bitcoin, such as Winklevii and Michael Novogratz. There are also a few such as Buffet, who have refused to invest in Bitcoins. And then there is the third category comprised of people such as Musk, who have collected a few mBTC, just for fun.

I admire the way in which Elon Musk thinks and the innovative ideas he has, i really do think he is saying the truth about the amount of coins he is holding as there is no point for him to lie about his investment in BTCitcoin. 

The reason is he is a self made billionaire and he is not an investor, he made his billions through his inventions and he is pretty damn good at that and if he says that he just is holding 0.25BTC just to check what is all about, i believe what he is telling. He is an individual who is planning to sell all of his possessions including his luxury mansions and wanted to rent a modest place to live. It is weird but that is Elon Musk.

 

Elon Musk is a Billionaire who has lots of profiting business so I would not dispute the amount of BTC he revealed he has, he might have a good quantity of other Cryptocurrencies. A rich man will surely have different currencies summing up his networth

I don't care about how much bitcoin he holds right now because that doesn't affect me at all ;D

What I concern right now is how I can make more money or bitcoin before bitcoin price increase so I can make a huge profit than before. But we don't know if he tells the truth about the amount of the bitcoin he holds now. He can hide the real bitcoin amount he holds while he can tell to the public that he only holds that amount. Let's focus on saving more bitcoin before it's too late ;D

Two possibilities related to his statement, if he is saying the truth then he believes that he is really moving into mars sooner so he doesn't;t need bitcoin at all since it may take longer time to establish payment system on Mars.

If he is lying then he simply wants to get more bitcoin for a cheaper price, especially after this having moment.

It would be true as well, who know if he sold his all bitcoin on the past bull run when price was $20K? I have doubts he is trying to accumulate more that's why trying to pull back since peoples know him as a big bitcoin whale. Or he is no more interested on bitcoin since he have made huge profits from it. He is one of world richest guy, so likely he will move some other way. Who know if he is wondering to established his own crypto-currency on the Mars ;D

Elon as the Iron Man of our era? I think he's lying haha, maybe what he mean is he personally have just 0.25btc on his pocket but he has an organization or institution that he put millions of money for bitcoin. He is a tech guy, wise and smart so I don't think he is just looking down at bitcoin and ignoring it for many years. Even if consider the fact that he is already a billionaire, he is also a businessman that won't let this precious asset just be a stuff to regret by him in the future. He is also known for trolling twitter lol

He may not treat it as an investment, but rather an interesting experiment, so I believe that he is holding as much as he's saying.
There also can be a different explanation: he told the public that he has very little not to be later named as the beginner of a bull run. A bull run is never good for PR, because there's always winners and losers there. Winners take their winnings and move on, losers become vocal haters who blame everyone involved: whales, exchanges, governments, promoters and of course rich investors.

This is what I like about Elon Musk, he's full of mysteries...
Elon has shown interest in cryptocurrencies several times, so be honest, I can't believe Elon only holds a little bit of Bitcoin, he must have some Bitcoin, Ethereum and Dogecoin in his other wallet.

He was recently very critical of the US government because of the lockdown/Tesla controversy, which makes me think he'll likely hold more BTC in the future, even if it's just to make an anti-government statement. I also have doubts that he only holds 0.25 BTC, rich people like him wouldn't even bother with buying such low sums, although I frankly don't care how much he holds, and maybe he tells the truth and there's a reason for it.

I don't think Elon Musk needs to buy Bitcoin. He already has around 30 billion dollars, it's not like he's going to buy BTC to get rich like most of the people around here.

I'd even go so far as to suggest he could buy all the Bitcoin in existence if he really wanted by orchestrating a mass dump then gradually buying up the weak hands.

But he wont.

and could it be that he is trying to evade tax by revealing how much his BTC is this time while in the past he actively supports a blockchain project like the spacechain?

its just not very believable when someone who had been active in cryptocurrency and how rich he is but only got 0.25BTC. NO. he doesn't need to buy bitcoin, Maybe he has to hide his BTC instead deeper than 6feet because once the government will crackdown holders, the KYC documents we have submitted will all be dug.

i think he showed only one of hes wallet :D . he runs alot of project and maybe thats only bitcoin he had.maybe the rest of hes bitcoin are other currency's.
we know that he also ceo of doge coin.

Elon Musk's main subject is Tesla and Spacex so I guess bitcoin isn't his business, right? Still this doesn't mean he wouldn't invest in it but 0.25? He says such numbers to gain attention of people cause they'll say: Oh such a rich guy and holds only 0.25 btc? Can you imagine? My neighbour holds more than Elon Musk and blablabla...
Personally I think that he owns much more, he is a type of a person who craves technological progress and probably he would save some of his fortune in Bitcoin because this way you are a little bit on another level in management of money (banks can't touch you and you are fully responsible of your keys). Btw I won't be even surprised if he offers bitcoin hardware wallets or will implement something similar in Tesla. Then he will be real supporter of it.

And that doesnt mean he has 40$B of cash or anything he's on hold, that why it called net worth.

By saying he has x amount of BTC regardless how much is it is already a bullish one. You can't expect a high profile billionaire to hold lots of bitcoin investment due to its high volatility, not unless you have a business related that buy/sell bitcoin such as cash app of jack.

Maybe he is not hyping now for the purpose of buying in low price.

These guys have something that we normal people don't. they can see something that will probably make aa lot of sense when they do their things like for example this one. This may be a dumb move because we know how much he could possibly earn if he invests a lot than that. but due to this person doing their own way of investing, we cannot tell that he's doing nonsense. in fact this month get to where he is by doing the things he wants. he might be just kidding when it comes to bitcoin because no matter what happens with it, there's nothing to be lost when his investment failed but seriously guys, we can learn something about this revelation the wisdom behind it might help us to understand the billionaire's perspective.  

There is nothing wrong here! It's his personal choice not to hold Bitcoin! Most of the famous billionaire doesn’t hold much Bitcoin, maybe their thoughts are different, I am not surprised at all! Recently J.K. Rowling tweeted her curious about Bitcoin and later she received some awful comment, after that, I don't think she will buy Bitcoin now, maybe later! So, it's normal, not surprising news.

Yes if JK rowling haven't asked a question "What's Bitcoin" then popular personalities such as Elon Musk wouldn't come out and probably Musk's explanation was the simplest to understand, other answer we're not noob friendly and extremely complicated.

But maybe Elon Musk is just tripping where he is not telling the truth after all. It will cause a massive hype all over the internet if he will reveal the true numbers of the bitcoin he holds. I'm sure that he is now also accumulating bitcoin, he is a billionaire after all and I know that his tweet is not true.

Observe the tweets of Elon Musk, he is talking about bitcoin in the past weeks and months. I know what Binance said was true, expect a billionaire like him that he also holds a lot of bitcoin.

He also tweeted about getting rid of most of his possessions including his houses. What benefit does he get from lying about how much BTC he holds? He has been seen in the past as one of the most provokative CEOs, tweeting about tesla stock whenever he wants which ends up changing the price like crazy. Tesla is known as an extremely volatile stock partially because of Elon himself.

He has no reason to care about Bitcoin. He founded X.com to make online banking a thing so we know he likes to focus on security within payments. I don't find it far-fetched if he actually only owns .25 BTC, his money is probably invested in other areas.

Considering he believes in Tesla much more than Bitcoin. Yes, we must accept what he said.
But, after all these, In my own idea Bitcoin and any other crypto currency is made to protect your fund's privacy. So, maybe we can't expect anyone to show up his real wallet where he is holding all his bitcoins.
Generally, as I said, I think he said the truth.

By saying he owns ¼ of one BTC, Elon Musk is probably talking about on his portable device thereby taking the attention off of just how many coins he might have in a bank vault on a paper wallet or thumb-drive.

Having him on the good side of cryptocurrency doesn't mean he holds a lot of it. Maybe he sees the potential in the future that is why he is only holding a few for now? Because I don't think he needs cryptocurrency because of his status. But remember this, even though he doesn't hold much, at least he is still promoting Bitcoin in a good way.

well if you think this is recent them it makes sense since the amount in dollars is reasonable and makes sense. also you don't have to invest billions in bitcoin if you are a billionaire!

but OP's mistake is that he thinks this is recent whereas there is nothing recent about Elon Musk showing interest in bitcoin. and considering he started a very long time ago having only 0.25 bitcoin means he has invested something like $20 to $70 in bitcoin which makes absolutely no sense.
the only logical conclusion is that he is either trolling readers or he is protecting his privacy for some reason that we won't know.

And it doesn't matter what he thinks he believes in because quite frankly nobody cares, he can buy btc or don't buy, market will still continue to grow and develop even bigger,  it is just annoying to see all this so-called rich dude with their half comment on their social media, what is the point of the revelation! That the crypto community will start crying because Elon don't believe in btc!
It is very natural to believe in his Tesla more than btc because it's his creation, his idea, it is the same way satoshi believes in btc, maybe some day he will own more than the current amount.

Elon Musk can Reveals anything he want but it's depends on you whether believe it  or not. Probably he lied due to security purpose. Can't think about a technological advance person like him, has not more than 0.25BTC  :(

It's not urprising if really he doesn't have any Bitcoin. Cause He is already a brillionare without bitcoin. probably vulgarity of Crypto currency makes him, not to hodl & trust crypto market including bitcoin.

It is quite difficult to believe that Emusk holds only small amount of bitcoin. I am not sure why would he even mention anything about his holding if he doesn't hold much. He either owns more than what he mentioned or he doesn't hold anything. Former is more believable.

This revelation is due to the fact that there are scam websites in the name of Elon Musk and Tesla circulating on Twitter.

https://www.coindesk.com/twitter-let-a-fake-elon-musk-account-promote-a-crypto-scam (https://www.coindesk.com/twitter-let-a-fake-elon-musk-account-promote-a-crypto-scam)

https://auto.hindustantimes.com/auto/news/elon-musk-reveals-his-bitcoin-holdings-here-s-how-much-he-currently-owns-41589725076821.html (https://auto.hindustantimes.com/auto/news/elon-musk-reveals-his-bitcoin-holdings-here-s-how-much-he-currently-owns-41589725076821.html)

These websites offer giweaway to grab incredulous people and scam their BTC and ETH.
Please, be careful.

YES BUT that's a Good Point (Tesla is also The future)  also He has Spacex

It always depends. Regardless how rich people are, if not that interested investing in bitcoin or just trying out small amount before buying more is really possible.
 Elon Musk is not an exception. Either he is telling the truth or not, he himself can only know that. But the fact that he still invested in cryptocurrency is still an optimistic view.
 
 Who knows? Maybe he only own .25 btc but he owns huge amount in other coins.

I think it's extremely unlikely that he holds 0.25 BTC. For a person with a normal amount of wealth, 0.25 BTC is a reasonable amount to hold. However for a billionaire it makes no sense whatsoever. You would hold either zero, or else an amount that is at least a reasonable proportion of your wealth.

If someone has $10 billion (Musk reportedly has $35b), then 0.25 BTC is roughly 0.000025% of your total wealth. Which means it is absolutely irrelevant to you whether or not it increases by an improbable x1000 to give you 0.025% of your total wealth. In which case there is no point in holding it.

Even 10 BTC would only be 0.001% of your total wealth. So a x100 increase would make it 0.1% of your total wealth. Even with 10 BTC there would be little point in having such a comparatively small amount.
Maybe 100 BTC, which would be 0.01% of your wealth, and x100 would make it 1% ... but that's still a tiny amount.

You mean sort of like how good old Dimon shat on Bitcoin only to buy it shortly after (I still think he did that expressly for the purpose of buying it after trying to crash the price)?

Doesn't matter what Musk holds anyway, the guy who owns and uses $100s of dollars every week is still the one who's going to do more for Bitcoin than any Musk holder on some custodian account ever will.

Why is everyone jumping to this assumption? What will he gain by lying to the world about his stash? He doesn't seem to be the type to lie about such things.

What you are saying makes no sense whatsoever. Why can't be hold only 0.25 BTC? He probably HODLS a much bigger share of alternate cryptocurrencies or he probably isn't that interested into investing in crypto. This could just be a test amount for him.

Anyone knows about how much doge he owns? Or he is broke in doge too like bitcoin  :P

I don't believe millioners like Elon Musk only hold 0.25 BTC. He made the confession on Twitter so it would not be the target of hackers.
Imagine if for example Elon Musk said to hold 100 BTC, hackers from all over the world would target Elon Musk's crypto wallets.
Actually I do not care about the statement of the number of bitcoins owned by Elon Musk, the statement would be right or wrong.
Because it does not provide benefits for me, I better focus on my own investment and trading.

hard to believe when he had been so active in the community as a believer. he knows BTC will be valuable in the future so why not get as much as he can since he is an investors who believes unlike Warren. there is a reason why he claims to have just a fraction of BTC and it could be because he already had untraceable stash of BTC somewhere.   

We can't really tell if he is saying true about his holdings, maybe you're right he said that so he can be walking above hackers free from hacking not a target at all but who would believe that this person who innovates stuff don't have much bitcoin to hold? I think he's playing with all of us guys.
Totally right, anyone's money does not have any thing to do with any one of us so why care about them? Much better if we make them as our inspiration especially Elon Musk is known for his doings.

Elon Mask just does not need bitcoins. He is passionate and makes money with completely different types of business, and his business is much more global and more significant. Musk cannot simultaneously engage in many activities. Therefore, even if it has only 0.25 BTC, this is absolutely normal. He showed that he takes cryptocurrency more or less seriously, and this is enough.

we have to parse all 0.25 btc accounts and find Elon's

Why do we have to believe in his statement ?
I did not even consider what he said as something serious. For various reasons, I do not believe that an businessman must disclose their true assets to the public. Lets assume a statement like that is a joke that can be used as entertainment for people who are equal to it and there is nothing serious about that statement.