Skybridge Capital’s SCaramucci says that Elon Musk owns about $5 billion in Bitcoin via his companies Tesla And SpaceX, as per the reports that we have in our BTC news today.

The $1.5 billion investment in Bitcoin that Tesla did is only a portion of Musk’s total crypto holdings according to Skybridge Capital’s Scaramucci. Tesla made a $1.5 billion investment in BTC in less than a third of the total crypto reserves held by Musk and his companies according to Anthony Scaramucci:

“Elon Musk didn’t stop with Tesla. I understand that SpaceX owns Bitcoin on its balance sheet. Elon Musk owns over $5 billion in Bitcoin via Tesla, SpaceX, and personally.”

Idea @elonmusk would invest in “dirty asset” is absurd. Future of #bitcoin mining is renewable energy

Elon Musk sees future 1) renewables replace fossil fuels 2) #bitcoin demonetizes gold, RE, equities & art + becomes dominant store of value

Answer to energy FUD is Elon Musk!

— Anthony Scaramucci (@Scaramucci) March 19, 2021

In the filing, Tesla explained that the investment policies were updated in January 2021 to provide flexibility to further diversify and to maximize the returns on the cash which is not required to maintain operating liquidity. Scaramucci’s latest statements came amidst the growing concerns about the negative impact BTC and other blockchains and NFTs have on the ecosystem. However, he argued that “no living person has done more to protect the planet against climate change” than Musk.  He continued:

 “Idea [that] Elon Musk would invest in ‘dirty asset’ is absurd. Future of Bitcoin mining is renewable energy. Elon Musk sees future 1) renewables replace fossil fuels 2) Bitcoin demonetizes gold, RE, equities & art + becomes dominant store of value.”

Elon Musk didn’t stop with Tesla. I understand that SpaceX owns #bitcoin on its balance sheet. @elonmusk owns over $5 billion in #bitcoin via Tesla, SpaceX, and personally. No living person has done more to protect the planet against climate change. (1/2)

— Anthony Scaramucci (@Scaramucci) March 19, 2021

Apparently, this implies that Tesla’s CEO invested a huge amount of his funds in BTC which proves that the BTC blockchain is actually not as harmful to the environment as critics claim:

 “Answer to energy FUD is Elon Musk!”

However, research done by Bank of America’s analysts claims that verifying a Bitcoin transaction results in the same amounts of CO2 emissions as the entire country of Greece which is about 60 tons.

As reported recently, Bitcoin matured as an asset over the past few years and now investing in bitcoin is safe as the coin is seen as safe-haven investment similar to gold and bonds according to Scaramucci. In a recent post, both Bret Messing and Scaramucci outlined the intangibility of BTC as an important merit that outlines the unique characteristics of BTC. The co-founder of the Wall Street investment company and the current COO, published an article while trying to debunk some of the most popular myths and risks about BTC investing.

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Source: https://www.dcforecasts.com/bitcoin-news/skybridge-capitals-scaramucci-says-musk-owns-5b-in-btc/