SpaceX CEO Elon Musk Gives Brutal Thoughts on Cryptocurrency Wallets

Bob Coiney

February 10, 2021

On Wednesday, tech billionaire Elon Musk issued short shrift to Freewallet. The Tesla CEO wasn’t too impressed with cryptocurrency wallet provider using Musk’s tweet to promote its services. 

A news post on cryptoglobe stated that Elon Musk fought back at Freewallet after tweeting about his favorite bitcoin, DOGE. The Tesla CEO and billionaire said that the app sucks. Elon Musk added that users must be cautious about using crypto-wallets.

Musk feels that these crypto wallets do not provide them with access to their private keys. The SpaceX CEO followed the tweet with Chuck Norris image of claiming the actor can take away his bitcoin.

Elon Musk had tweeted Chuck Norris’s picture with a thumbs up, saying this is true power. 

Elon Musk refers to Mt. Gox in the tweet to reference to the unfortunate hack where more than 70000 users had their bitcoin taken away. It amounted to nearly $450 million. Security experts in the cryptocurrency claim to store holdings in secure wallets without third-party providers.

Musk also tweeted that he was having a lot of trouble accessing the app. Hence he tweeted that the app sucks. Elon Musk, the founder of SpaceX, wanted to make his views and thoughts on crypto wallets very clear. 

Musk pointed out that bitcoin influencer Andreas M. Antonopoulos has warned on the importance of investors using private keys for their wallets. Over the last month, Musk has said that his tweets should not be taken seriously. 

The Tesla CEO finds DOGE exciting concept and firmly believes that Dogecoin has the potential of becoming the future currency of earth. Elon Musk, over the last month, Elon Musk has been actively promoting DOGE, which is his favorite cryptocurrency. 

Last week, the SpaceX founder even changed his Twitter bio to bitcoin, causing a frenzy in the market. On Monday, the carmaker Tesla astounded the world, saying that they have purchased $1.5 billion in BTC. 

Today, the cryptocurrency is hovering close to the $50000 mark, courtesy of that. For now, this is a clear indication that the tech billionaire is not a fan of cryptocurrency wallets.