Elon Musk explains his recent, huge, $1.5 Billion Bitcoin purchase.
Tesla and SpaceX CEO, Elon Musk, recently made a purchase of $1.5 Billion worth of Bitcoin. He's been clearly showing interest in cryptocurrency, judging by his recent Twitter feed, which is filled with topics about Bitcoin and, the rather odd but hopeful, Dogecoin. Furthermore, Elon Musk has also updated his Twitter profile picture with an anime character wearing a Bitcoin shirt!
His exuberant purchase has inspired and interested thousands of people globally, and many are looking more into the reasons as to why Elon Musk decided to invest in Bitcoin.
Elon Musk recently Tweeted about his $1.5 Billion Bitcoin purchase. He has this to say about it:
"To be clear, I am not an investor, I am an engineer. I don't even know any public traded stock besides Tesla. However, when fiat currency has negative real interest, only a fool wouldn't look elsewhere. Bitcoin is almost as bs as fiat money. The key word is 'almost'".
So, for a non-investor, this is without a doubt one of – if not – the biggest single Bitcoin investment ever!
Take a look at the video below by YouTube channel, Later Clips, on Elon Musk Explains His Big Bitcoin Purchase.