Elon Musk is no longer the richest person in the world

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Brian Adam
Professional Blogger, V logger, traveler and explorer of new horizons.
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After sharing a tweet indicating that the price of bitcoin “seems high,” Tesla CEO Elon Musk is no longer the richest person in the world. After a few weeks of being at the top, the executive goes back to second place, lagging behind by Jeff Bezos.

The rotation of positions in the table of the wealthiest people in the world is due to a drop of 8.6% in Tesla shares. This caused a reduction of 15.2 million dollars in the fortune of the Musk. Now the CEO of the car company has a net worth of $ 184 billion.

“An email that says you have gold is not the same as having gold. You could also have crypto. Money is just a piece of information that allows us to avoid the inconvenience of bartering. That data, like all data, is subject to latency and error. The system will evolve towards that which minimizes both, ”Musk responded to Peter Schiff on Twitter. He also added that bitcoin and ethereum appear high.

Tesla invested $ 1.5 billion in BTC

Three cryptocurrencies: BTC, Ethereum and Ripple

While it is true that Musk questioned the price of bitcoin, Tesla invested 1.5 billion dollars in this cryptocurrency. In fact, this action caused the value of BTC to rise, surpassing $ 50,000. In addition, Musk indicated that he supported bitcoin. This he did in a statement issued on one of the Clubhouse panels.

“I think Bitcoin is a good thing at this point. And so I’m a bitcoin supporter. Like I said, I was late to the party, but I’m a bitcoin supporter. And I think Bitcoin is really on the verge of gaining wide acceptance from mainstream finance folks, “said the CEO of Tesla.

So how is Elon Musk now questioning the price of BTC? Apparently the decision to acquire bitcoins was a decision promoted by other company executives. “Tesla’s stock does not directly reflect my opinion,” Musk said.

As can be seen, there is a contradiction in the statements and publications made by Musk. The truth here is that today, the CEO of Tesla is the second richest person in the world.

Read also:

10 cases of bitcoin purchases that have resulted in millionaire losses

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