In response to a request from Rowling for Twitter to explain Bitcoin to her, Musk emphasized that “massive currency issuance by govt central banks is making Bitcoin Internet money look solid by comparison.” Musk added:
I still only own 0.25 Bitcoin btw.
Tyler Winklevoss responded asking, “ Then how are you going to pay for things on Mars?”
Elon Musk claims to be holding 0.25 BTC
However, not all were convinced by the sum of Bitcoin that Musk claimed to own, with self-described crypto investor Alistair Milne responding: “This is called OpSec, something everyone who owns Bitcoin should learn... Pity I lost all mine…”
The Twitter account with the handle @Bitcoin sought to describe the core benefits of Bitcoin in terms that Rowling might find relatable:
Wizards still need to trust Gringotts Bank. Bitcoin fixes this.
Musk sells house but holds on to Bitcoin
Musk’s pronouncement of owning 0.25 BTC suggests that he opted to hold his reportedly small Bitcoin stash despite “selling almost all physical possessions,” as per a series of bizarre tweets posted at the start of May.
Musk also indicated that Tesla “might get into mining” last year.