#ElonMusk. thought's on Bitcoin

Elon Musk said that he no longer thinks that much about cryptocurrency. “I don't spend a lot of time thinking about cryptocurrency — hardly any at all,” Musk said in an X space conversation with Ark Invest #Ceo Cathie Wood on Dec. 21, in response to Wood's question on bitcoin's potential impact on the #FinancialServices .

He also says “I have thought for a long time about money and the nature of money,” Musk continued. “What is money? It's really a database for resource allocation.”

Musk’s comment comes as his firm #Tesla appears to continue to hold digital assets on its balance sheet. Tesla’s third-quarter results showed that the company held $184 million worth of digital assets at the end of September.

The electric vehicle maker has the third-largest bitcoin holdings among publicly traded companies, following MicroStrategy and Marathon Digital Holdings, according to data from bitcointreasury.net. Tesla also accepts Dogecoin for payment.