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Tesla CEO Elon Musk said that he personally owns Bitcoin, Ethereum, and Dogecoin at “The B Word” conference that also features Ark Invest’s Cathie Wood and Twitter CEO Jack Dorsey:
I personally own a bit of Bitcoin, Ethereum, and Doge.
He also confirmed that SpaceX holds Bitcoin.
Musk once again voiced his concerns over Bitcoin’s lack of usability and its energy-intensive proof-of-work algorithm, but he said that it had a lot of potential:
Usability for the average person is not very good, but it has a lot of potential.
Musk drew the ire of the Bitcoin community after Tesla stopped accepting Bitcoin payments in mid-May, a move that was attributed to a massive correction in the cryptocurrency market.
Since then, the entrepreneur has posted several ambiguous tweets about the largest cryptocurrency, in one of which he confirmed that the e-car maker still held Bitcoin on its balance sheet.
The 50-year-old centibillionaire was widely expected to bring more clarity to the table about his current stance on Bitcoin during the conference.