Elon Musk, one of the richest people in the world, has lost a significant part of his wealth, according to the latest data. According to data cited by Bloomberg's Billionaire Index, Musk lost a fortune of $ 35 billion in almost 1 day.
Musk's fortune melted!
This is essentially equal to the total market cap of Musk's favorite cryptocurrency, Dogecoin. The cryptocurrency supported by Musk is currently trading at $ 0.27 on many exchanges and has a total market value of $ 35 billion.
The main reason for such a decline in Musk's wealth was the survey on Twitter. The famous name reacted to the taxation of "unearned income" and emphasized that he had to sell Tesla shares in order to pay his taxes. Offering to sell 10% of Tesla shares, that is, about $ 6 billion, Musk opened it to the poll and the majority voted yes.
3.5 million people voted for the decision made on Twitter. After this event, users who sold their Tesla shares and did not want to be affected by the decline actually harmed Musk. Musk's fortune has lost more than $50 billion in value, which is over the entire fortune of Britain's richest person, Len Blavatnik.
According to the information provided by Bloomberg, this was one of the biggest losses in value among billionaires in one day.
Amazon CEO Jeff Bezos holds the lead in this regard. After his divorce, Bezos lost much more than Musk lost. Despite this, Elon Musk is still the richest person at the moment.
Jason Citron, CEO and founder of the popular communication program Discord, shared a screenshot that excited the crypto community, implying that the Discord application will connect to Ethereum in his latest tweet.
Platforms are trying to integrate their systems into cryptocurrencies.
The screenshot Citron shared by typing "probably nothing" has Discord settings that allow its users to connect to Ethereum.
In this context, it was claimed that the Discord CEO's post is the official pre-release version of a recent update of the application.
While there is no official statement on the subject yet, Chinese journalist Colin Wu said, “Discord announced that it will connect to the Ethereum network. However, the current gas price is too high, which is very unsuitable for daily use,” he commented.
The Discord app is popular with the crypto community, allowing users to chat, talk, and video conference while also setting up private servers, chat rooms, and the like.
Breaking news! Apple CEO Says He's Investing In Bitcoin And Ethereum!
Speaking at the DealBook conference today, a Bitcoin and Ethereum statement came from Apple CEO Tim Cook.
Saying that he has been interested in cryptocurrencies for a while and researching this issue, the CEO emphasized that his interest is more on a personal dimension.
Asked whether he owns Bitcoin or Ethereum, Cook confirmed that he owns BTC and ETH as part of a diversified portfolio.
Stating that his words should not be considered as investment advice, the CEO stated that it is not possible for Apple to accept cryptocurrencies or keep cryptocurrencies on its balance sheet for now.
“I personally hold Bitcoin and Ethereum. By the way, I do not give investment advice to anyone. I have been interested in cryptocurrencies for a while and have been researching the subject. As Apple, I will not invest in crypto. I'm saying this not because I wouldn't do it with my own money, but because I don't think people would buy Apple stock to get exposure to cryptocurrency."
Apple is the second largest company in the world by its current market value of $2.4 trillion. Apple does not currently have a cryptocurrency service. The company allows cryptocurrency platform apps on the App Store, but not mining apps.
New Cryptocurrency Move From Mastercard!
Credit card giant Mastercard announced that it has agreed with three crypto companies in the Asia-Pacific region as part of its global crypto-backed credit card project.