Elon Musk and Bitcoin: Recent Developments
Chris Seedor, the CEO and co-founder of Seedor GmbH, recently claimed that Elon Musk, the billionaire CEO of Tesla, showed his approval for a social media post that hinted Musk might be secretly acquiring Bitcoin. This assertion resonated with several notable figures in the cryptocurrency community, such as Bitcoin historian Pete Rizzo, who actively engaged with Seedor’s claim.
Seedor even published a video evidence that appeared to show Musk’s verified account liking the post. He included a playful remark regarding the absence of a blue checkmark, suggesting the account has been verified ‘since 3000 BCE.’
Changes in Social Media Privacy
It’s worth noting that in June 2024, the platform (formerly Twitter) started to conceal ‘likes’ to enhance user privacy amid increased media attention surrounding Musk’s digital endorsing activities. Following this development, data scraping tools and APIs lost the ability to retrieve like statistics. This change sparked skepticism among some observers who accused Seedor of potentially fabricating evidence to gain attention.
Musk’s Ongoing Interest in Cryptocurrency
In a related note, Musk recently addressed Bitcoin when he discussed the encryption features of the new XChat, indicating his ongoing interest in the cryptocurrency landscape. Tesla’s historical involvement with Bitcoin included a significant investment of $1.5 billion in 2021 and the initial acceptance of Bitcoin as a payment method. However, Musk later expressed concerns about Bitcoin’s environmental impact, which led Tesla to discontinue its use as a payment option.
Initially, Musk shared that he acquired 0.25 BTC as a gift but later confirmed possession of Bitcoin and other cryptocurrencies.
Conclusion
With Musk’s track record in the crypto space and the recent social media interactions, the possibility of his renewed interest in Bitcoin continues to captivate both fans and critics alike.
