Elon Musk has undoubtedly become one of the most talked about names globally in recent years. In today’s agenda, apart from the relationship with Bitcoin, we often hear the name of the famous billionaire with the steps he has taken in the world of entrepreneurship.
Who is Elon Musk?
He was born on June 28, 1971, in Pretoria, the capital of South Africa, the eldest of 3 children of a Canadian mother and a South African father. Musk, who was a very quiet child when he was little, spent most of his time reading. “I was raised more by books than by my parents, especially by Isaac Asimov,” he says. When he was only 9 years old, when there were no more books he could read in his environment, he read the entire encyclopedia Britannica. He must have disturbed his peers with his silence and intelligence, as he says that he was often bullied and beaten to death as a child. He learned karate, judo and wrestling at the age of 15. At the age of 12, he taught himself to write computer code and created a video game called Blastar. He then sold the game to a magazine for $500 and made his first software sale. At the age of 17, he came to Canada to avoid the South African army’s mandatory service requirement, where he enrolled at Queen’s University but dropped out after 2 years. Instead, he studied business and physics at the University of Pennsylvania in 1992 at the age of 21.
Entrepreneurial Genius’s Career Ladder
He moved to California in 1995 to begin graduate studies and began studying energy physics at Stanford University, but dropped out two days later to start his first company, Zip2, with his brother. At the time, Zip2 was considered the first yellow pages of the Internet. He sold his first company for $340 million. This journey was accelerated by founding X.com and creating PayPal, followed by founding SpaceX in 2002, becoming CEO at Tesla in 2004, and helping found SolarCity in 2006. He invested in 3 different disciplines and made all three of them successful.
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CEO Of Coin
The billionaire businessman who was elected a Fellow of the Royal Society in 2018, ranked first in the list of “World’s Most Innovative People” published by Forbes in 2019, is among the richest in the world with his wealth and does not hesitate to make every effort in the name of manipulation with his obsession with crypto coins, and ripples the markets with his tweets; via social media Bitcoin and responded to allegations that he was speculating about cryptocurrencies. “If Bitcoin loses value, I lose money. I may be speculating, but I’m not exaggerating it,” but after Musk’s statement, both Bitcoin and Ethereum increased in value. Beyond the stocks in SpaceX, Tesla and other companies, Musk claims to have significant value and has personally invested in them: cryptocurrencies! Bitcoin, Ethereum and
Dogecoin
. There is no dimension to be explained here by knowledge, experience and analysis ability. Just like in the case of Dogecoin, there is undeniably luck, rent and third parties involved. It all started with a poll from the Dogecoin Twitter account, “Dogecoin needs a CEO, who do you think it should be?” Elon Musk was elected with a high percentage of the vote, and seeing this, Musk said, “Dogecoin can be my favorite cryptocurrency, it’s pretty cool.” After the Dogecoin Twitter page said, “It looks like you’re the CEO!” Musk wrote the CEO of Dogecoin in the about section of his Twitter account. Millions of people follow the billionaire who polished Dogecoin from scratch and rippled Bitcoin with the speculations he created.
Elon Musk’s Vision
Like every human being, his life has had its ups and downs. Family life, business relationships, and business life have not always been perfect. For example, his first son, born to his first wife whom he married in 2000, died of sudden infant death syndrome when he was only 10 weeks old, but later the couple had 5 sons thanks to embryo transfer. Musk, who applied to a number of emerging technology companies, including Netscape, but was rejected by all of them, founded his first company, Zip2. It was voted the worst business idea of the year when it was released in 1999 as PayPal security software. Then Musk and co-founder Max Levchin went ahead with the concept of an electronic wallet that allowed them to raise funds. In 2008, Tesla was on the verge of collapse due to insufficient funding. Musk then used the $35 million he earned from the sale of his personal fortune, PayPal, to keep the company going. After 2 years of officially bankruptcy, Musk and his team also went through huge changes and began to sleep on the factory floor. Maybe he stumbled, maybe he fell, but somehow he made his way up. He compromised himself, his comfort, but continued the work he had started. It is from this vision of Musk, who is in pursuit of whatever will be good for the next generation, for the world, that millions of people are following him and wondering what he will do.
Elon Musk Meets Bitcoin!
He first talked about crypto coins 7 years ago and 8 months ago he wrote Bitcoin in his Twitter biography and contributed to the rise of Bitcoin to $ 64,000, which increased its value from $ 32,000 to $ 38,000, Musk announced that Tesla suspended the use of Bitcoin in vehicle sales, citing environmental concerns. In a tweet 2 months later, he talked to Bitcoin miners. They said they would publish their current and planned uses of renewable energy and ask other miners to do the same. Potentially promising. If 50 percent or more renewable energy is used, Tesla will likely continue to accept Bitcoin. In recent weeks, the Shiba Inu breed has increased by 250% since sharing a photo of its dog, which he named Floki. Shiba has had its share of this sharing and has experienced an increase of more than 300 percent in the following period.
Why Elon Musk’s Interest in Cryptos?
We can say that he is interested in cryptos because he is fast and secure because he tells the state system that it is slow and not secure. Musk, who currently resides in Los Angeles, has a fortune exceeding $ 202 billion. Musk; She continues to do volunteer work, improve the world she calls home, be a light to the future, and speculate on social media.
