Elon Musk. Billionaire Charlie Munger, the second-in-command at Berkshire Hathaway, slammed bitcoin as a "noxious poison" and called the media hype surrounding digital currencies "totally asinine. The company also said it would start accepting bitcoin as a … Previously, estimates from Yahoo! But don’t worry — if you use Bitcoin to buy something from Tesla, we’ll tell you both the US Dollar price and the Bitcoin equivalent price. He added that Tesla plans to hold Bitcoin for the long-term. On Monday, in a filing with the SEC, Tesla disclosed that it had purchased $1.5 billion worth of bitcoin. Tesla reported a quarterly profit of $438 million, its highest ever. No matter how much it does own, however, it’s still a small chunk of its overall market cap. One thing we know is, that there was a massive area of demand around 32000$ during January that could have been Tesla’s bids and based on that average price we’d look at a whopping 46875 BTC. In the US, all Tesla products are priced in US Dollars. ", Similarly, Munger's boss, mega-billionaire Warren Buffett, predicted that cryptocurrencies will almost certainly "come to a bad ending." The Block's annual outlook survey forecasts that fortune 500 companies will own bitcoin by the end of 2021, according to the Block. The brouhaha erupted after a former SpaceX intern, Sahil Gupta, in a blog post on Medium, wrote "Satoshi is probably Elon. (See more: Bitcoin Is 'Poison,' Says Berkshire Billionaire Charlie Munger. Satoshi Nakamoto is the name used by the unknown creator of the protocol used in the bitcoin cryptocurrency. Elon Musk, the serial entrepreneur heading Tesla and SpaceX could own $5 billion worth of Bitcoin, as per billionaire wealth manager and Skybridge Capital CEO Anthony Saramucci. This includes selling one of his tweets for over a million dollars. According to Zachary Kikhorn, CFO of Tesla, the company has so much trust in the long-term prospects of Bitcoin. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token. It’s your responsibility to make sure that you send the Bitcoin to Tesla’s Bitcoin wallet accurately. The serial entrepreneur – whose net worth tops $20 billion – made the revelation in response to a question about an online scam where random users pose as celebrities (like Musk) in a bid to steal people's cryptocurrencies. Elon Musk said earlier this year that Tesla would buy buying and holding Bitcoin on its asset sheet. Binance Adding New Apple and Microsoft Stock Tokens, NFL Star Sean Culkin to Take His Entire Salary in Bitcoin, Emily Ratajkowski Is Auctioning an NFT to Reclaim Her Image. That would suggest it is currently holding about 43,859 BTC in reserve. ", Gupta reasoned: "Elon is a self-taught polymath. Later in March, Tesla announced that it was accepting BTC as a payment method for its vehicles. No, you do not. Scaramucci is a big-time Bitcoin proponent himself who sees Bitcoin replacing golf as a true store of value in the future. But his claim is riddled with holes. I still only own 0.25 Bitcoins btw — Elon Musk (@elonmusk) May 15, 2020 All Rights Reserved. Crypto proponents cheered at the news, hoping that Tesla would be an example for other companies to follow. When you look at the difference, you can say that the majority of this quarter’s increase came from Bitcoin gains. ), And in its latest letter to clients, the Paul Singer-led Elliott Management, which oversees $34 billion in assets, excoriated cryptocurrencies as a bubble, a scam and a fraud. Bitcoin has huge prospects for future investors it is now worth approximately $ million... With this got into trouble with the SEC, Tesla doesn ’ t accepted BTC payments,. Self-Taught polymath Vena: There 's two different ways that we could go with this, its highest ever majority! 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