SkyBridge Capital CEO says Elon Musk owns over $5 billion in Bitcoin through Tesla and SpaceX

2021-3-20 02:05

Electric car giant Tesla’s $1. 5 billion investment in Bitcoin is less than one-third of the total crypto reserves held by Elon Musk and his companies, Anthony Scaramucci, CEO of investment firm SkyBridge Capital, asserted today.

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Analyst Explains Rationale Behind Tesla’s New Stance On Bitcoin

Elon Musk recently set the cryptocurrency community ablaze when he announced Tesla’s withdrawal in accepting Bitcoin as a payment medium. The company’s sole reason for backpedaling on its decision to accept Bitcoin is tied to the asset’s level of energy consumption which Tesla believes is highly unsustainable despite Bitcoin being a promising digital currency in […]

2021-5-15 16:09