[{"data":1,"prerenderedAt":326},["ShallowReactive",2],{"api/learn-center-post-en-GB-elon-musk":3,"en-gb/learn/people-profiles/elon-musk-en-GB-seo":57,"footer-en-GB":62,"navigation-en-GB-learn-center":235,"api/learn-categories-en-GB":286},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":39,"title":5,"formattedPublishedAt":50,"geofencings":51,"category":52,"pagination":54,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"Who is Elon Musk?","Who is Elon Musk? - Bitstamp Learn Center","Who is Elon Musk? What are examples of his prolific technology and business ventures?  - Learn more on the Bitstamp Learn Center ",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/Elon_Muskpng_979496f4cd_85f403b9ff.png","image/png",".png",1920,1080,"Elon_Muskpng_979496f4cd.png","",[],[20,23,26],{"pathname":21,"locale":22},"/learn/people-profiles/elon-musk/","en",{"pathname":24,"locale":25},"/es/learn/people-profiles/elon-musk/","es",{"pathname":27,"locale":28},"/en-gb/learn/people-profiles/elon-musk/","en-GB",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/people-profiles/","People profiles",true,{"id":35,"text":5,"url":27,"asUrl":36},"elon-musk",false,"\u003Cp>Elon Musk is known for his prolific technology and business ventures, extreme wealth, influence in cryptocurrency markets, and personal and business controversies.\u003C/p>\n",{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},[40],{"component":41,"props":42,"content":43,"secondaryContent":47,"ctas":48,"secondaryCtas":49,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":44,"width":45,"align":46},"\u003Cp>Elon Musk is known for his prolific technology and business ventures, extreme wealth, influence in cryptocurrency markets, and personal and business controversies.\u003C/p>\n\u003Cp>He is best known for being at the helm of major tech and business projects. For example, Musk is the founder of PayPal, the CEO and chief architect of Tesla, owner and CEO of Twitter, and founder and CEO of SpaceX. Due to the wild success of his businesses, Musk became the richest person in the world in September 2021.\u003C/p>\n\u003Cp>Musk is one of the most prominent cryptocurrency influencers thanks to his \u003Ca href=\"/en-gb/learn/crypto-101/what-is-cryptocurrency/\">cryptocurrency\u003C/a> purchases, social media commentary, and various endorsements. With over 100 million followers on Twitter, his tweets have singlehandedly driven demand for a certain asset.\u003C/p>\n\u003Cp>For example, in January 2021 Musk changed the bio on his Twitter account to “#bitcoin,” and shortly thereafter, the price rose from $32,000 to $38,000 USD over a few hours, increasing bitcoin’s market cap by $111 billion.\u003C/p>\n\u003Ch2>Personal history\u003C/h2>\n\u003Cp>Musk was born in Pretoria, South Africa in 1971 to a wealthy family. His father was a successful property developer and half owner of a Zambian emerald mine.\u003C/p>\n\u003Cp>Musk displayed an early interest in technology and entrepreneurship, creating a video game and selling it to a computer magazine at the age of 12.\u003C/p>\n\u003Cp>He attended the University of Pretoria for five months before moving to Canada when he was 17. He later transferred to the University of Pennsylvania and earned bachelor’s degrees in physics and economics. In 1995, he enrolled in alumnus school at Stanford University but left after two days because he was more interested in the Internet than in a alumnus education in physics. That same year, he founded Zip2 with his brother, a tech company that provided a searchable business directory. In 1999, Zip2 was bought by Compaq for $307 million.\u003C/p>\n\u003Cp>Musk has had a prolific and often prosperous business career, by founding companies in the tech and engineering fields as well as investing in and acquiring mature companies.\u003C/p>\n\u003Cp>Musk’s past and present businesses include: X.com, an online financial services company that later became PayPal; SpaceX, a spacecraft manufacturer; Tesla, a designer and manufacturer of electric cars and other clean energy products; Neuralink, a neurotechnology startup; The Boring Company, an infrastructure and tunnel construction service; and Twitter, one of the top social media sites.\u003C/p>\n\u003Ch3>Wealth\u003C/h3>\n\u003Cp>Musk has been consistently ranked as one of the richest people in the world, starting in October 2021 with a net worth of over $200 billion. About three quarters of his wealth is derived from his ownership of Tesla stock.\u003C/p>\n\u003Ch2>Role in the cryptocurrency community\u003C/h2>\n\u003Cp>Musk was first asked about his stance on cryptocurrency from a Twitter user in 2014, cryptically replying, “Well, now that \u003Ca href=\"/en-gb/learn/people-profiles/satoshi-nakamoto/\">Satoshi Nakamoto\u003C/a> has been discovered, I guess it is case closed ... :).” He was likely referring to a \u003Cem>Newsweek\u003C/em> article that came out a few days prior claiming to know the identity of Satoshi Nakamoto.\u003C/p>\n\u003Cp>He started looking at cryptocurrency more seriously in 2019, appearing on a podcast by Cathie Woods’ investment firm, Ark Invest. He called Bitcoin’s structure “quite brilliant,” and noted that there’s “some merit to Ethereum.”\u003C/p>\n\u003Cp>In March 2022, Musk tweeted that he personally owns \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-bitcoin-btc/\">BTC\u003C/a>, \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-ethereum-eth/\">ETH\u003C/a>, and DOGE.\u003C/p>\n\u003Ch3>Elon’s interest in Doge\u003C/h3>\n\u003Cp>In April 2019, Musk tweeted, “\u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-dogecoin-doge/\">Dogecoin\u003C/a> might be my fav cryptocurrency. It’s pretty cool.” Dogecoin, a cryptocurrency jokingly created by two software engineers, uses a logo of a popular meme that deliberately misspells the word “dog.” The price of the coin increased 100% in the two days following the tweet.\u003C/p>\n\u003Cp>He continued to tweet about Dogecoin over the next year. One tweet from February 2020 simply read, “Doge,” and the price of the currency increased 120% over the next four days. Searches for Dogecoin continued to spike after Musk tweeted about it. In a tweet from February 2021, he criticized Dogecoin’s unequal wealth distribution, where the majority of the coin was held by the largest 50 addresses. This tweet potentially enabled Dogecoin’s price to plunge by 20%.\u003C/p>\n\u003Cp>Musk has been largely credited for the massive growth of Dogecoin, which was little known outside of niche cryptocurrency circles before he started tweeting about it. In May of 2021, the price rose to a high of $0.68, while it was under $0.01 a year prior. Around the same time, SpaceX announced a rideshare mission to the moon completely funded by Dogecoin. In January 2022, Musk announced that Tesla merchandise could be bought with Dogecoin.\u003C/p>\n\u003Cp>Dogecoin is considered the first memecoin (a cryptocurrency based off a meme) which helped create a new niche of meme tokens in the crypto market. In June 2022, Musk tweeted that he would keep supporting Dogecoin.\u003C/p>\n\u003Ch3>Tesla’s investment in crypto\u003C/h3>\n\u003Cp>In February 2021, Tesla announced that it had purchased $1.5 billion in bitcoin and planned to accept cryptocurrency as payment for its products. The announcement around the time of historic institutional investments in cryptocurrencies, with Michael Saylor’s MicroStrategy investing over $500 million in bitcoin and Jack Dorsey’s Square purchasing $50 million in bitcoin.\u003C/p>\n\u003Cp>These corporate investments are cited as a contributing factor to bitcoin’s bull run of 2020-2021, with Tesla making over $100 million in profits from its crypto investments.\u003C/p>\n\u003Cp>Tesla suspended taking bitcoin as payment in May 2021, citing environmental concerns from Bitcoin mining.\u003C/p>\n\u003Cp>Tesla sold $936 million worth of bitcoin in the second quarter of 2022, about three quarters of its total bitcoin holdings.\u003C/p>\n\u003Ch2>Controversies\u003C/h2>\n\u003Cp>Musk has been embroiled in multiple controversies, often stemming from his personal views shared on Twitter. Some of these incidents include spreading misinformation about the coronavirus in 2020, mocking gender pronouns, comparing Canadian Prime Minister Justin Trudeau to Hitler, and sending tweets that were widely deemed as sexist and misogynist.\u003C/p>\n\u003Ch2>Elon Musk Essentials\u003C/h2>\n\u003Cul>\n\u003Cli>Elon Musk is the CEO of Tesla, Twitter, and SpaceX, among other successful businesses in the tech and engineering space.\u003C/li>\n\u003Cli>Musk’s crypto investments and social media commentary are remarkably influential, with a single tweet driving the price of an asset and moving markets.\u003C/li>\n\u003Cli>Musk is the wealthiest person in the world as of November 2022.\u003C/li>\n\u003C/ul>\n","full","left",{"text":17},[],[],"July 29th, 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20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":224,"value":225,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":226,"geofencings":227},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":229,"value":230,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":231,"geofencings":232},"+352 20 88 10 96","+35220881096",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. 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