Elon Musk is a tech entrepreneur and investor who has been heavily involved in the cryptocurrency industry. He first became interested in cryptocurrencies after hearing about Bitcoin from his friend, PayPal co-founder Peter Thiel. In 2013 he invested in Bitcoin through an online payment company called BitPay and later sold it for a large profit.
In 2020, Elon’s involvement with cryptocurrencies increased when Tesla announced that they had purchased $1.5 billion worth of Bitcoin as part of their balance sheet diversification strategy, causing the price to jump nearly 20%. Since then he has been vocal on Twitter about supporting other digital currencies such as Dogecoin (DOGE). His tweets often have a positive impact on prices which makes him one of the most influential people within this sector.
He also founded two companies: The Boring Company and Neuralink Corporation both working towards innovative projects involving cryptocurrency technologies like blockchain or smart contracts technology respectively, although neither project currently uses any form of digital currency yet..
