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Elon Musk is one of the greatest minds in the world. He has been part of Zip2, X.com, SpaceX, Tesla, SolarCity, Hyperloop, OpenAi, Neuralink and now The Boring Company (with flamethrowers).
Throughout these projects, a theme is apparent. Its purpose is to help the human race cope with a variety of problems that are being experienced or that will be a major problem in the future. This includes processing fossil fuel consumption levels in the auto industry by developing an electric car company called Tesla, as well as exploring space by its SpaceX company.
Therefore, when Elon Musk speaks or does something else, people notice it. That’s why, when he was photographed with a book on cryptocurrency in his hand, the rumor mills on the Internet went crazy.
The book in question
The book that Elon Musk was photographed holding called Cryptocurrencies simply explained by Julian Hosp. This is a small book that provides a basic overview in the world of cryptocurrency, blockchain, bitcoin, decentralization and initial coin offerings.
The author, Dr. Julian Hosp, is involved in a number of companies in the blockchain field, the most important of them being a FinTech firm called TenX specializing in the fields of bitcoin and blockchain. On his website, he clearly explains his vision of helping at least 1 billion people understand the blockchain by 2025.
Many people in the cryptographic community are excited after seeing Musk photographed with a book related to the digital monetary space. There are many theories about why he has this book in his hands, some speculating that he was simply handed over by someone.
Others, however, are much more optimistic and believe that Musk could consider making progress in this area, perhaps by creating his own digital token that can be used in his Tesla and SpaceX businesses.
He is, of course, very well versed in online payment systems. He co-founded the e-mail payment and online financial services he co-founded, called X.com, acquired by PayPal in the year 2000.
He then became CEO of PayPal before being ousted in October 2000 because of problems with other company executives. When the company was sold to eBay in 2002, Musk was the largest shareholder, with 11.7% of the company’s shares and received about $ 165 million through this sale.
With this experience in payment services, it would not be an exaggeration to imagine Musk incorporating a form of blockchain technology or a digital token into the operation of its current businesses or even as a separate entity .
As an investor, he has a little experience in the field of cryptocurrency. He revealed that he only owned 0.25 bitcoin that a friend gave him years ago. At the time of writing, it was worth about $ 2,330, which is not really an important investment for someone with Musk’s net worth.
However, that does not mean that he does not believe in blockchain technology or crypto-currencies as a whole, so it will be interesting to watch the related movements, if any, that he will do in the future.
Image from Flickr / OnInnovation.
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