Is California The Future of US Cryptocurrency
Is California The Future of US Cryptocurrency?
September 28, 2020
SEC Goes After John McAfee For Paid ICO Endorsements
SEC Goes After John McAfee For Paid Initial Coin Offering Endorsements?
October 9, 2020

Telsa CEO Elon Musk Schools Harry Potter Author On Cryptos

Telsa CEO Elon Musk Schools Harry Potter Author On Cryptos

As a high-profile corporate CEO, when Elon Musk talks more than a few people listen. Especially when those listening are also big fans of cryptocurrency. A while back, he released some positive thoughts on Dogecoin (DOGE). This was soon after he came off a bit skeptical on the future of Bitcoin (BTC).

Tesla CEO Elon Musk has made himself a fixture in the crypto industry for better or worse. Many fans support his various endeavors. Detractors would rather see him stay away from crypto affairs. Either way, Musk remains implanted in the sometimes controversial industry.

How Does Telsa CEO Elon Musk School Harry Potters Author On Cryptos?

Interestingly, he attempts to help JK Rowling better understand bitcoin and cryptos in general. Rowling’s main claim to fame is as the author of the Harry Potter series of books. The famed book writer recently tweeted, “I don’t understand Bitcoins. Please explain it to me.”

Musk felt compelled to be part of the group to respond. He was not alone. That message was retweeted 2,400 times and it received 9,400 likes. Comments on the tweet started flooding the social media platform. This was to be expected since the famous author has 14.6 million followers.

The Telsa CEO Elon Musk described bitcoin as “solid” compared to fiat money tied to governmental institutions. He then added:

“Massive currency issuance by govt central banks is making Bitcoin internet money look solid by comparison.”

He also admitted that his company’s stock price was too high before it fell in value.

Vitalik Buterin joined the list as the founder of Ethereum. His statement was “it’s a digital currency. There’s 18 million units of it. It’s not backed by anything. It’s just valuable because it is, like collectables…”

The Winklevoss twins as part of Gemini offered their two cents. Gemini is a New York-based cryptocurrency exchange. Their tweet stated, “Contrary to popular belief bitcoin is not “magic” money.”

Tron founder Justin Sun added more than just his thoughts. He offered to send Rowling 1 BTC. His tweet stated, “I can send you 1 bitcoin. Seeing is believing…”

Other examples of statements Rowling received were as equally vague.

“Bitcoin is like fire insurance you’d buy for your home. But instead of your home on fire, it’s economic & government systems around the world.”

Another was just as insightful. “Imagine that something exists which actually doesn’t exist. That’s Bitcoin.”

BTC was called “ money that cannot be tampered with. Doesn’t require Banks to send it.”

Another interesting response was “Bitcoin is designed so that it eliminates the need for trust. It’s backed by advanced math, you won’t understand.”

It is little wonder that the famed author remained confused on the matter after reading many of the responses. Her response was classic”

“God bless every single one of you now earnestly explaining bitcoin to me as though I’ll grasp it if you break it down properly. Things like this are white noise to me. I cannot and will not ever understand Bitcoin. But I love you for thinking that I can or will.”

Telsa CEO Elon Musk Schools Harry Potter Author On Cryptos
Article Name
Telsa CEO Elon Musk Schools Harry Potter Author On Cryptos
Discover How Tech Guru & Multi-Billionaire Telsa CEO Elon Musk Schools Harry Potter Author On The Future Of Bitcoin & Cryptocurrencies.
Publisher Name
Publisher Logo

Comments are closed.