Published 13:23 IST, May 17th 2020

Elon Musk answers JK Rowling's plea to understand bitcoin, reveals how many he owns

Elon Musk reacted to JK Rowling's plea to understand bitcoin on Twitter while seemingly taking a dig at central banks. He also revealed how much he owns.

Reported by: Joel Kurian
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Cryptocurrency and bitcoin are t topics that are everyone’s cup of tea. Recently, JK Rowling was honest to mit that she was clueless on what it was all about. After netizens tried ir best in explaining virtual mode of transactions to author in a 'drunk session', even Elon Musk tried to help her with an explanation. 

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Reacting to numerous posts from netizens on bitcoins, JK Rowling h tweeted, "People are w explaining Bitcoin to me, and honestly, it’s blah blah blah collectibles (My Little Pony?) blah blah blah computers (got one of those) blah blah blah crypto (sounds creepy) blah blah blah understand risk (I don’t, though.)" (sic) 

Tesla CEO seemed to take a dig at central banks like Federal Reserve, European Central Bank, Bank of Japan, and Bank of England over issuance of currency on a large scale and or such recent decisions. tech billionaire stated that issuance me bitcoin look ‘solid.’  He also revealed that he owned 0.25 bitcoin, amounts to Rs 1.81 lakh.

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Here are posts:

RE: Elon Musk Tweets A Picture Of An Ice Cream Sundae, Netizens Accuse Him Of ‘stealing’

Some netizens were in support of his statement. One wrote, "Yes 100% agree @elonmusk  #Bitcoin is definitely looking solid in comparison #JTS." Ar user responded, "People make it sound too complicated. It’s easy. #Bitcoin is money without anyone in control. Like gold, but digital."

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Elon Musk has been associated with bitcoin for long and h become a part of a controversy when his Twitter account was hacked in 2018. Scamsters h earned thousands of dollars after his Twitter account h posted, "I'm giving 10 000 Bitcoin (BTC) to all community! I left post of director of Tesla, thank you all for your support. I decided to make biggest crypto-giveaway in world, for all my reers who use Bitcoin... To verify your [bitcoin] dress, send from 0.1 to 2 BTC to dress below and get from 1 to 20 BTC back."

billionaire h n vented out at incident while asking who was running scams. He h n tweeted, "I want to kw who is running Erium scambots!"

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13:23 IST, May 17th 2020