Today in this article we will tell about the relationship between the Elon Musk and Cryptocurrency. And also we will explain that how and why Elon Musk entered in the field of Cryptocurrency. And which Crypto coin he holds right now and why.
But before to start the main thing , we would like to start this article with the introduction of Elon Musk.
Who is Elon Musk ?
In the present time most people knows about Elon Musk. But for those who don’t know about him then we would like to tell about him .
People mainly knows Elon Musk as a rich personality but in actual reality he is a very intellectual person with lots of high profile knowledge.
Elon Musk did many type of research and experiment and sold his patent research so that he can do more and more research in the field of technology .
In the present time Elon musk have around 20+ Patent under his name and around 300 patent under the name of his company Tesla.
Elon musk is founder of PayPal , Tesla, SpaceX like big project companies.
In the present time he owns Tesla and SpaceX two major role playing company in this world of technology.
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Why Elon Musk entered in Cryptocurrency field?
In 1998 Elon Musk started a company named X.com which deals with the online banking facility . But in year 2000 another company named Confinity merged with X.com . At that situation Elon Musk holds major share of the company but after few year the company name changed to Paypal by the owners, we can say rebranding of the company.
In the present time PayPal in a leading service to provide online worldwide transaction with low transaction fees.
But after some year Elon Musk left PayPal and started to focus at his another companies like Tesla and SpaceX.
Before the sell X.com he owns 11% of the shares of PayPal (X.com).
Since Elon musk was already aware with this thing that worldwide payment option at affordable fees is really a good option to start business but after Bitcoin the whole game changed.
Now Elon Musk comes to know that no one can beat bitcoin and another Cryptocurrency which are based on Blockchain technology , where transaction fees amount is very low than any another fiat based online payment service.
So Mr. Elon Musk entered in Cryptocurrency world With high amount of investment.
Which cryptocurrency Elon Musk holding ?
About this matter , Elon Musk has not yet revealed but still we can guess from many indicating factors.
First coin that Elon Musk holding is Bitcoin , Because many times Elon Musk tweeted about bitcoin at Social media which clearly shows that how much Elon musk in interested in Bitcoin and how much faith he have in future.
Few people says that Elon Musk invested a big amount of money in Bitcoin because he want make lots of earnings in future to make Mars planet able to live.
Well these are just assumptions or may be real but we can understand and expect that how much value of bitcoin may rise in future , which is a clear indication for us to hold bitcoin for future as a investment in present time without thinking much.
Doge coin is a very old coin which was made for the donation payment but it’s price fluctuation was not very high in history of Cryptocurrency market.
But after the tweet of Elon Musk , it’s price pumped to around 20-30 times from its existing price.
Beside Bitcoin and Doge coin , we can’t say with surity that which are another coins that Elon Musk holds.
But still here from our own experience we can make assumptions about it .
Most probable coins that Elon Musk holding are Bitcoin cash (BCH) , Bitcoin gold (BTG) , Digibyte coin (DGB) , TRON coin ( TRX), Wave Coin ( WAVE) , Ripple (XRP) etc .
These are those coins which are most expected from the point of assumption that Elon Musk have in his wallet for long term.
Our this assumption is based upon the technology point of view. These are those coins which are leading the Crypto currency market since long time ( not the case of XRP and TRX , where TRX is new ) and also these are having better support not by technology but also by multiple companies which are really working in technology improvement and revolution in practical.
Indication for us by Elon Musk in Cryptocurrency field
We can see that if personalities which are reputed and rich are doing investment in Cryptocurrency then why we should not do the same.
Rich people are already rich , here we are only the guy who are not much rich , so we need to take action of investment in the field of Cryptocurrency with perfect stretagy and in perfect project of cryptocurrency.
Also we should think that if such people are doing investment in Cryptocurrency then surely they know about the future and regulation law about Cryptocurrency in more precised way , so they are doing investment without taking much tension, So If you are that person who thinks that any regulation rule of Cryptocurrency or Bitcoin will be restriction for you in future then eject out this thinking from your mind and concentrate at the positive part with crypto.
Should we follow Elon Musk in Cryptocurrency Field?
Ofcourse, we should follow.
I would like to say that if something is supported by a very rich and intellectual person then there is not tension about the future for that crypto coin .
Secondly if we can follow Elon musk at Twitter and we can wait for the tweet about the coin ( particular one) then we should buy that coin at that instant , that will result into a better value in small time.
It is because every tweet of Elon Musk about Cryptocurrency ( particular Crypto coin ) makes a big movement in the crypto market.
We should take Cryptocurrency field seriously in our life as an Investment of small amount to get bigger and better future.
If you will miss the chance of investment in Cryptocurrency then you will not be able to grow economically, probably you need tedious and long term struggle to create that ecosystem which can makes lots of money for you.
So do attention in crypto field of Blockchain technology and do a small investment in better crypto assets without thinking much about it.
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