Musk educates JK Rowling on Bitcoin | Tech News

Musk educates JK Rowling on Bitcoin

Elon Musk also revealed details about his Bitcoin holdings.

By:IANS
| Updated on: Aug 20 2022, 21:02 IST
Elon Musk slammed Twitter and Google for the rise in trolling networks and scams via fake bots on both the platforms.
Elon Musk slammed Twitter and Google for the rise in trolling networks and scams via fake bots on both the platforms. (REUTERS)

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".

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
23% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

He added: "I still only own 0.25 Bitcoin btw".

Also read
Looking for a smartphone? To check mobile finder click here.

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.

Despite Twitter attempting to ban scammers and impersonators on its platform, one impersonator broke into Musk's official account with a fake lookalike verified account, promising his 22.5 million followers free Bitcoin and ethereum cryptocurrencies.

Musk later slammed Twitter and Google for the rise in trolling networks and scams via fake bots on both the platforms.

"The crypto scam level on Twitter is reaching new levels. This is not cool," Musk said.

"Report as soon as you see it. Troll/bot networks on Twitter are a *dire* problem for adversely affecting public discourse and ripping people off," he added.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 17 May, 11:27 IST
NEXT ARTICLE BEGINS