Elon Musk educates JK Rowling on Bitcoin

SAN FRANCISCO: Despite aiming to sell all his physical possessions, Tesla and SpaceX CEO Elon Musk has revealed his Bitcoin (BTC) holdings in a Twitter session with Harry Potter-famed British author JK Rowling. In response to a request from Rowling for Twitter to explain Bitcoin to her, Musk said: "Massive currency issuance by govt central banks is making Bitcoin Internet money look solid by comparison". He added: "I still only own 0.25 Bitcoin btw".

A follower replied to Musk: "That's irrational, based on you just saying it is more solid than fiat money."

Another wrote: "There's good reasons why all those fake bot accounts constantly try to push fake bitcoin scams lol, I don't trust bitcoin far as I can throw it".

Musk replied to him: "That is why you should only use trusted sources". He also indicated that Tesla "might get into mining" last year.

Scammers have time and again abused Musk's popularity to fleece Twitter users after hacking several popular accounts.

The hackers used his name and likeness to ask for Bitcoin — a cryptocurrency — by promoting a fake ad on Twitter in 2018. (IANS) 

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