Crypto News

Anthony Scaramucci Claims Elon Musk Owns $5 Billion In Bitcoin

Elon Musk holds over $5 billion in Bitcoin

Long Beach (CoinChapter): Former White House Director of Communications Anthony Scaramucci claims that Elon Musk owns $5 Billion in Bitcoin. The SkyBridge Capital founder believes Musk owns this amount both personally and through his companies.

Musk of course, owns electric vehicle giant Tesla. In February, Tesla made huge news when it was revealed they purchased $1.5 billion in BTC. That move came as a bit of a surprise considering Musk’s history with the world’s leading cryptocurrency. Musk dismissed the crypto’s qualities on multiple occasions prior to the Tesla purchase.

But Scaramucci now claims that the Tesla Bitcoin purchase wasn’t Musk’s only one. “Elon Musk didn’t stop with Tesla,” Scaramucci said on Twitter. “I understand that SpaceX owns #bitcoin on its balance sheet. @elonmusk owns over $5 billion in #bitcoin via Tesla, SpaceX, and personally. No living person has done more to protect the planet against climate change.”

Anthony Scaramucci, Anthony Scaramucci Claims Elon Musk Owns $5 Billion In Bitcoin

Anthony Scaramucci Also Spoke On Bitcoins High Energy Consumption

Anthony Scaramucci also spoke on also the ongoing concern of BTC’s high energy consumption levels. He did add, however, that there is more to the story and Musk’s actions are proof of that.

Anthony Scaramucci, Anthony Scaramucci Claims Elon Musk Owns $5 Billion In Bitcoin

The energy consumption levels of Bitcoin has been a point of contention for some time now. Bill Gates previously criticized the massive amount of electricity needed to mine Bitcoin and Bank of America did the same. Bank of America also claimed that Bitcoin uses the same amount of energy per year as some countries like Greece.

Despite some concerns, the adoption of Bitcoin has seen major increases this year. In addition to Musk’s Tesla purchase, the like of Visa and Mastercard have taken steps to adopt the crypto as well. Additionally, tools such as the Grayscale Trusts have allowed for further institutional involvement.

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Corey Hansford CoinChapter
Corey Hansford

Corey has been involved in media and writing since graduating from the illustrious Howard University with a degree in Broadcast Journalism. While relatively new to the cryptocurrency world, he has been writing since 2012 with most contributions coming in the sports world on websites such as LakersNation.com and DodgerBlue.com. Corey is also an avid sports fan who closely follows the Lakers, Cowboys, Dodgers, WWE, and UFC.

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