Elon Musk, world's richest man likes bitcoin more than cash, know why - Newztezz Online


Friday, February 19, 2021

Elon Musk, world's richest man likes bitcoin more than cash, know why

Tesla and SpaceX chief Elon Musk once again became the world's richest man. 
This time, he has left behind Jeff Bezos of Amazon in terms of wealth. Elon Musk loves investing in bitcoin. He has also mentioned this through tweet. Bitcoin prices went to the record label after a tweet by Elon Musk. Now Elon Musk himself has revealed why he likes to invest in bitcoin.

Elon Musk has invested a whopping $ 1.5 billion in bitcoin through Tesla. Elon Musk believes that possessing bitcoins is slightly better than keeping cash. But this slight difference makes bitcoin a better asset. He said that bitcoin is different from cash and this difference makes this cryptocurrency special, and that is why Tesla has invested in it.

Prices across 52 thousand dollars

As soon as Tesla invested in bitcoin, its prices crossed 52 thousand dollars. The price of one bitcoin is trading around $ 51284 on Friday. Earlier, Elon Musk had also promoted dogecoin on his Twitter recently. After which the price of this cryptocurrency is also being recorded.

He became the world's richest man

Elon Musk has acquired the title of richest person in the world after completing another funding round of SpaceX. Two days ago, Amazon founder Jeff Bezos came in first place, following Elon Musk. But now Bezos has slipped to second place. This was due to the huge investment of Elon Musk's Rocket Company. After completing the funding round of Musk's Rocket Company, Musk's assets rose to $ 199.9 billion. The same Bezos of Amazon has assets of $ 194.2 billion. With this rise, Elon Musk completed another funding round, topping the Bloomberg Billionaires Index for the second time this year.

No comments:

Post a Comment