Elon Musk Response to Charlie Munger’s Bitcoin Criticism
Elon Musk Isn't Tweeting About His $5.7 Billion Donation
Elon Musk gifted almost $6 billion worth of $Tesla Motors(TSLA)$ stock to charity late last year.
The world’s richest man donated more than 5 million shares in the electric-car maker from Nov. 19 to Nov. 29, according to a filing with the Securities and Exchange Commission. The gift was worth about $5.7 billion, based on average prices the days he sold the securities. The filing doesn’t name the charity and shows an unidentified trust was involved in the transaction.
UN to Elon Musk: We Need You to Fight World Hunger
The reason for this billion-dollar donation may also be related to the online battle between the United Nations Food Programme (WFP) administrator and Musk in November last year.
On October 19, 2021, Bloomberg released the Billionaires Index, and Musk topped the list with a staggering $241.4 billion. And David Beasley, the administrator of the United Nations Food Program, who has been calling on billionaires to donate to the food crisis, couldn't sit still and publicly tweeted to Musk:
However, a comment pointed out: "WFP clearly raised 8.4 billion in 2020. Dollar, why not 'solve world hunger?"
Thinking that this statement makes sense, Musk replied with this tweet:
Today, Musk was responding to a retweet about Munger's comments in which he likened cryptocurrency to "venereal disease."
In response, Musk — a crypto supporter— tweeted an anecdote.
Back to Cryptocurrency
2021 saw the crypto markets boom and gain broader acceptance, with different cryptocurrencies flourishing and largely outperforming the market leader, bitcoin.
While bitcoin only managed to return 59.8% last year, the crypto sector’s total market cap grew by 187.5%, with many of the top coins offering four and even five-digit percentage returns.
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Elon Musk is possibly one of the most influential men to shape this century next to Steve Jobs. He has singlehandedly pivot Tesla and Space X to fame and glory. He has shown his critics and naysayers that if you believe in your dream, you can overcome whatever obstacles in your way, to make that special dream a reality!
I am inspired by his vision, determination and sheer hardwork! So yes, I am absolutely a fan of Elon Musk for his great achievements.
There can only be One Elon Musk and his name will go down in the history books as the Man who started the EV Revolution!
@MillionaireTiger Elon Musk
@TigerStars
It must be one of the greatest mysteries who is the beneficiary of the massive 6 Billion dollars. But the bottom line is it simply shows the generosity and kindness of Elon Musk.
Elon Musk is the genius who started the EV revolution! He did this single handedly by sheer persistence, hardwork and determination. He dared to dream and he made his dream a reality.
I am certainly a Fan of Elon Musk!
@MillionaireTiger Elon Musk
Love [爱心] him or loathe [弱] him one may choose. I would rather choose to just profit from both Elon Musk’s Entrepreneurial Multi-talented side and his Eccentricity and Moments of ‘Madness’ [财迷]
Elon: Spend 0$ ad on Tesla and quietly donates $5.5B to charity. :) All u need to know on Elon~
when you give to the needy, do not let your left hand know what your right hand is doing, true charity! these guys who talk about world hunger, STOP wasting food!
A Big Thank You to @MillionaireTiger for your wonderful Tiger Coins which is greatly appreciated. Congratulations to all My Dear Tiger Friends too who have also won the Tiger Coins. This event is a lovely tribute to Elon Musk and Charlie Munger who have set the world on fire with their very different talents. 🎉🎊🎉