CEO of Tesla and SpaceX Elon Musk is one of the people who is able to drive the price of bitcoin. Moreover, he also can boost several other cryptocurrencies. Quoting from financialexpress, it is stated that currently Musk already has US $ 5 billion worth of bitcoin. This score was obtained via Tesla, SpaceX and private lines.
Indeed, the last time Musk told him how many bitcoins he owned was in February 2018. At that time he said he had no other cryptocurrency.
He only has 0.25 BTC, which was sent by a friend a few years ago. In February this year Musk purchased US $ 1.5 billion in bitcoins for the climate change campaign. But on the other hand, the impact of bitcoin mining can affect the environment. It’s because the energy is very large for mining.
According to Alex De Vries’ research, bitcoin mining is equivalent to an annual carbon emission of 98.9 megatons (Mt) of CO2 produced by the city of London.
Early February Tesla Raised $1.5 Billion Bitcoin
According to the Digiconomist blog which was also founded by De Vries. One bitcoin transaction has a carbon footprint of 359.04 kgCO2 or the equivalent carbon footprint when transacting VISA as much as 795,752 times or watching YouTube 59,840 hours.
Early February, this electric car maker has bought up bitcoin of approximately US $ 1.5 billion. The price of this cryptocurrency has risen by almost 72%. Currently, the price of bitcoin has reached US $ 57,000 per chip and has become the highest in history.
While Tesla bought bitcoin when the price was still in the US $ 30,000 to US $ 40,000 range in January 2021.
“Bitcoin investing is a sideline for Tesla, this is definitely a good initial investment and we expect a trend to impact other public companies over the 12 to 18 period. next month, “said Ives in his notes.
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