Anthony Scaramucci said, although there is no evidence of this, that Elon Musk added Bitcoin to the balance sheet of his Hawthorne, California-based space exploration company SpaceX.
How many bitcoins does Tesla CEO own
On Twitter, the American financier said that in addition to buying Bitcoin for Tesla, the billionaire and CEO of both companies, he also included Bitcoin in SpaceX's balance sheet. Scaramucci said that: “Elon Musk didn't stop at Tesla. There are also Bitcoins in the SpaceX balance sheet ”.
In the same tweet, Scaramucci continues saying that: "Elon Musk owns 5 billion dollars thanks to Tesla, SpaceX and personally".
Recall that Tesla (Tesla shares - ticker TSLA) announced last month that it had bought $ 1,5 billion worth of Bitcoin. Also, while the amount of Bitcoin Musk owns is not known, the billionaire said in a tweet three years ago that he only owns 0,25 bitcoins, or so.
While it is possible that Musk has personally bought more Bitcoin over the years, especially with his change of attitude towards digital currency from "indifferent" to "keenly interested", it is unlikely that he has bought enough to take a big chunk of the money. $ 5 billion worth of Bitcoin cake. This only suggests that SpaceX should have a huge amount of Bitcoin on its balance sheet.
Anthony Scaramucci, founder of SkyBridge Capital and director of communications for the White House under Donald Trump, also highlighted what Elon Musk's interest in Bitcoin means for the growing problems of climate change. He said that: "... no living person has done more to protect the planet from climate change."
Note that it is evident according to reports that Bitcoin mining uses a huge amount of electricity, this has raised great concerns about the effect the major cryptocurrency has on the environment. Microsoft CEO Bill Gates said "bitcoin is not a big thing for the climate" in a recent interview with the New York Times.
Good or bad for the environment?
The Guardian reports that miners are likely to seek out cheaper sources of electricity when mining bitcoin, which would mean switching to coal, which could potentially contribute to more greenhouse gas emissions.
On the other hand, Bitcoin advocates share Anthony Scaramucci's sentiments about the effects of cryptocurrency on Earth's climate.
They say that Bitcoin can be mined using renewable energy sources and that this in turn will accelerate our transition to renewable energy, a move that is only favorable to the environment.
Scaramucci therefore tweeted: "Elon Musk sees a future [where] 1. Renewable energies replace fossil fuels ..."
Logically, if renewables were cheaper, Bitcoin miners who are looking to stream to the cheapest energy source would move towards them, encouraging and subsequently accelerating the adoption of renewable energy sources that, in the long run, would replace fossil fuels.