Elon Musk Declines Rumors About Collaborating With Ethereum

Published July 3, 2020 | Updated July 3, 2020

Elon musk on ethereum

Elon Musk Declines Rumors About Collaborating With Ethereum

Elon Musk, the CEO of SpaceX has confused the crypto community with his stance on digital assets. However, his recent tweet suggests that he isn’t using a particular cryptocurrency and is not planning on building anything on its network as well. 

Musk Shuns Rumors Around Collaboration With Ethereum After A Year

The crypto world has evolved in terms of global reach as well as adoption. Started off with a very few enthusiasts, the crypto industry currently boasts of a large following including government officials, celebrities as well the average Joe. However, a few others have been sitting on the fence still analyzing the side to pick. The CEO of SpaceX as well as Tesla, Elon Musk is one such personage.

More recently, Musk brushed off rumors surrounding his involvement with the Ethereum network. Canadian actor, William Shatner has been exploring the fruits of blockchain technology for quite some time now. The actor even went on to tokenize his memorabilia on the WAX blockchain. More than a year ago on 10 May 2019, Shatner, in his tweet indicated a collaboration between the creator of the Ethereum network, Vitalik Buterin and Elon Musk. His tweet read,

After over a year, the Tesla CEO decided to respond to Shatner’s tweet. His tweet read,


This came as a big blow to the Ethereum community as several members started flooding the comment section. While a few members of the Ethereum community suggested the topic of yield farming to Musk, others took the opportunity to pitch their favorite cryptocurrencies to the Tesla CEO.

This misconception could have been fueled by Musk’s tweet on 30 April 2019. The billionaire tweeted,

However, shattering the crypto community’s hope, Musk suggested that he was joking about the same.

Musk’s stance on cryptocurrencies or specifically Bitcoin has been confusing to many. In January 2020 appearing in a podcast, Third Row Tesla Podcast, Musk suggested that he was “neither here nor there on Bitcoin.” However, back when the author of Harry Potter, JK Rowling seemed to be interested in Bitcoin, Musk revealed that he had in possession just 0.25 Bitcoin, as per the price of Bitcoin, during press time, the billionaire owned just 2,267.42 USD.

Despite revealing that he views Bitcoin as a medium for illegal transactions, he suggested that the Bitcoin whitepaper formulated by Satoshi Nakamoto was “pretty clever.”

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Sahana Kiran 133 Articles
Sahana Kiran is a graduate in Political Science, Economics and Journalism. She is a full-time crypto writer at CoinGape and takes a keen interest in cryptocurrencies, especially Ethereum and Bitcoin. Even though she's not a HODLER yet, she has eyes on Bitcoin.
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