Billionaire Elon Musk may be a large fan of with-it technology and is sometimes previous the curve once it involves finance, however he isn't a bitcoin bull. The co-founder of Tesla inc. disclosed on Twitter that he owns solely a little fraction of 1 bitcoin token.

"I virtually own zero cryptocurrency, apart from .25 BTC that an addict sent ME a few years past," Musk confessed. victimisation today's bitcoin value of regarding $10,000 a coin, that interprets to $2,500.

The serial enterpriser – whose web value first-rate $20 billion – created the revelation in response to a matter a few Twitter scam wherever random users expose as celebrities (like Musk) in an exceedingly bid to steal people's cryptocurrencies.

Musk's indifference to bitcoin most likely wasn't a shock to his fans, since he recently told his nineteen.8 million Twitter followers that "a friend sent ME a part of a BTC some years, however I don’t grasp wherever it's."

In Nov 2017, Musk denied rumors that he was Satoshi Nakamoto, the mysterious artificer of bitcoin. The brouhaha erupted once a former SpaceX intern claimed in an exceedingly web log post that the serial enterpriser was "probably" Nakamoto.

Is Elon Musk Satoshi Nakamoto?

In a web log post on Medium, Sahil Gupta, who had interned at Musk's area company SpaceX in 2015, aforesaid "Satoshi is perhaps Elon."

Gupta reasoned:

"Elon may be a self-taught savant. He’s repeatedly innovated across fields by reading books on an issue and applying the data. It’s however he designed rockets, fictional the Hyperloop (which he free to the planet as a paper), and will have fictional Bitcoin."

The true identity of Satoshi Nakamoto has ne'er been confirmed, however there features a steady stream of rampant speculation regarding who he very is ever since bitcoin quietly launched in 2009

Meanwhile, Elon Musk is not the solely rich person who's skeptical of bitcoin and therefore the crypto development. Bitcoin cynics square measure defer by the virtual currency's erratic value movements, lack of regulation, and absence of a valuation guarantee as a result of it isn't backed by a financial organisation.

Billionaire Charlie Munger, the deputy at county Hathaway, slammed bitcoin as a "noxious poison" and referred to as the media ballyhoo encompassing digital currencies "totally asinine."

Similarly, Munger's boss, mega-billionaire Warren Buffett, foreseen that cryptocurrencies can virtually definitely "come to a foul ending."

And in its latest letter to shoppers, the Paul Singer-led Elliott Management, that oversees $34 billion in assets, excoriated cryptocurrencies as a bubble, a scam and a fraud. “This isn't simply a bubble," Elliott wrote. "It isn't simply a fraud. it's maybe the outer limit, the last word expression, of the flexibility of humans to seize upon ether and hope to ride it to moon."

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