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Since Tesla’s interest in Bitcoin, whether or not the company’s ‘Technoking’ Elon Musk owns the asset has prompted much debate. Former White House Chief of Communications Anthony Scaramucci made an insightful remark earlier today that fueled this notion.
Musk, according to Skybridge Capital’s founder, controls more than $5 billion in Bitcoin through his firms and individually. In addition to this assertion, Scaramucci claimed that he understood SpaceX, like Tesla, owns the digital asset on its balance sheet.
The reason behind Scaramucci’s assertions on Twitter remains unknown as does his source. But the Skybridge founder sounded positive with regard to Elon Musk’s alleged personal Bitcoin funds. According to him, Musk is the answer to Bitcoin-related “energy FUD” and said:
“No living person has done more to protect the planet against climate change.”
It turns out that Scaramucci was addressing the idea that Elon Musk would invest in the “dirty asset,” (FUD term used to describe Bitcoin). He concluded by stating that the future of Bitcoin mining was renewable energy, he added:
Elon Musk sees future 1) renewables replace fossil fuels 2) Bitcoin demonetizes gold, RE, equities & art + becomes [the] dominant store of value
[The] answer to energy FUD is Elon Musk!
Scaramucci has recently addressed bearish narratives, such as Bitcoin’s focus on high energy use, which is why some individuals, such as Bill Gates and Bank of America scholars, remain suspicious. Recently, the Microsoft founder revealed that he was “not bullish” on Bitcoin at the moment due to the network’s energy consumption. While the Bank of America described Bitcoin as highly volatile, impractical, and ineffective as a store of value.