[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"mining-farm-info":3,"blog-article-en-elon-musk-and-crypto-world":7},{"data":4},{"fpps":5,"btc_rate":6},4.4e-7,77202.87,{"post":8,"related_posts":176},{"id":9,"slug":10,"title":11,"title_html":11,"content":12,"content_html":13,"excerpt":14,"excerpt_html":15,"link":16,"date":17,"author":18,"author_slug":19,"author_link":20,"featured_image":21,"lang":22,"yoast_head_json":23,"tags":154,"translation_slugs":175},525,"elon-musk-and-crypto-world","Elon Musk and the crypto world: the story","Did Elon Musk create Bitcoin?Elon Musk reconsidersElon Musk and the DOGEThe peak and future of Bitcoin\n\nElon Musk had a complicated relationship with cryptocurrencies, and they had undergone many wide turns along its road, just like the cryptocurrency market itself. Let’s go through the whole story, from its very beginning.\n\n\n\nElon Musk, a South African-born USA-based engineer and businessman, held the title of CEO in numerous companies, including SpaceX, Tesla, OpenAI, and more. Every company is known for cutting edge technologies in different areas, from spacecraft to EV construction.\n\n\n\nBut earlier, in 1998, Elon stood at the foundation of PayPal, which was among the world’s first online payment systems, but definitely ended up the most popular one. By 2020, it had surpassed the mark of 300 million regular users worldwide and changed the way money was transferred online forever.\n\n\n\nSo all of this legacy Elon (not much willingly at first) inevitably led to the adoption of cryptocurrencies. Blockchain technology, which lies at the core of a crypto, brought online payments ahead of PayPal as well as of its contenders and completely eliminated the urge of having centralized third-party “middleman” CPUs.\n\n\n\nDid Elon Musk create Bitcoin?\n\n\n\nIn late 2014, Elon Musk was giving an interview and got a question about Bitcoin. In response, he described Bitcoin as fascinating, even though it is mainly used for transactions on the dark web. He added that cryptocurrencies eventually will be used for all kinds of financial transactions in the future and that he does not have any of Bitcoin in his possession.\n\n\n\nElon Musk’s opinion was fully justified back then, as the value of Bitcoin has fallen from its current peak of around $1100 in 2014, a trend that lasted for three years until the cryptocurrency experienced an incredible boom in late 2017.\n\n\n\nAs BTC broke through the $8000 mark and reached a new high of nearly $20000, an article titled “Elon Musk Probably Invented Bitcoin” went out in late 2017. Article’s author was later hired as a software engineer at Tesla and later founded his own company, Spase.io.\n\n\n\nGupta’s evidence for his claim was mostly indirect, like, for instance, Elon’s understanding of economics, his C++ programming skills, and his unique approach to problem-solving. Elon later denied any assumptions, and added that he recently got some BTC Tokens as a gift from a friend.\n\n\n\nElon Musk reconsiders\n\n\n\nThings got better in 2019, when the latest and perhaps most exciting phase of Musk’s cryptocurrency journey began, as he started to consider cryptocurrencies more seriously, both in terms of technology and as a potential component of his business models.\n\n\n\nIn February 2019, Elon Musk called Bitcoin’s overall structure amazing and shared that he has been looking closely at Ethereum, although he does not intend to use it for his green and environmentally-friendly Tesla business due to the blockchain’s enormous energy consumption.\n\n\n\nElon Musk and the DOGE\n\n\n\nIn April 2019, Musk tweeted about Dogecoin (DOGE) for the first time, calling it his favorite cryptocurrency. In just three days, the coin’s price doubled from $0.002 to $0.004.\n\n\n\nMusk frequently mentioned and endorsed DOGE in December 2020 and continues to do so today, each time triggering or contributing to a rapid increase in the cryptocurrency’s value. A tweet with just the word DOGE led to a 120% increase in the price of the coin.\n\n\n\nThe peak and future of Bitcoin\n\n\n\nIn February 2020, Tesla announced it would acquire $1.5 billion worth of Bitcoin and shared its plans to start accepting payment in cryptocurrency in addition to regular cash for its products. The current highest price for Bitcoin is around $58,000 and was announced on February 21, 2021. The high price is partly due to the influence of Elon Musk and the announcement of Tesla to join the cryptocurrency world.\n\n\n\nSo, was it Elon Musk’s actions alone that led to success in the cryptocurrency market, or was it the rapid development of blockchain technology that caught his attention?\n\n\n\nThis question cannot be answered with certainty, but the crypto world is certainly attracting more and more people. The celebrities’ opinion towards cryptocurrencies remains extremely positive. Musician Grimes (Claire Boucher in real life), who is currently in a relationship with Elon Musk, recently sold numerous digital art pieces, worth a total of $6 million, using NFT (non-fungible tokens) which are based purely on blockchain technology.\n\n\n\n\nInvest in Elon Musk portfolio with ECOS\n\n\n\n\nFacebook\n\nReddit\n\nTelegram\n\nVK\n\nYouTube\n\nTwitter\n\nInstagram","\u003Cdiv id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n\u003Cdiv class=\"ez-toc-title-container\">\n\u003Cspan class=\"ez-toc-title-toggle\">\u003C\u002Fspan>\u003C\u002Fdiv>\n\u003Cnav>\u003Cul class='ez-toc-list ez-toc-list-level-1 ' >\u003Cli class='ez-toc-page-1 ez-toc-heading-level-2'>\u003Ca class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Felon-musk-and-crypto-world#Did_Elon_Musk_create_Bitcoin\" >Did Elon Musk create Bitcoin?\u003C\u002Fa>\u003C\u002Fli>\u003Cli class='ez-toc-page-1 ez-toc-heading-level-2'>\u003Ca class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Felon-musk-and-crypto-world#Elon_Musk_reconsiders\" >Elon Musk reconsiders\u003C\u002Fa>\u003C\u002Fli>\u003Cli class='ez-toc-page-1 ez-toc-heading-level-2'>\u003Ca class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Felon-musk-and-crypto-world#Elon_Musk_and_the_DOGE\" >Elon Musk and the DOGE\u003C\u002Fa>\u003C\u002Fli>\u003Cli class='ez-toc-page-1 ez-toc-heading-level-2'>\u003Ca class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Felon-musk-and-crypto-world#The_peak_and_future_of_Bitcoin\" >The peak and future of Bitcoin\u003C\u002Fa>\u003C\u002Fli>\u003C\u002Ful>\u003C\u002Fnav>\u003C\u002Fdiv>\n\n\u003Cp>Elon Musk had a complicated relationship with cryptocurrencies, and they had undergone many wide turns along its road, just like the cryptocurrency market itself. Let’s go through the whole story, from its very beginning.\u003C\u002Fp>\n\n\n\n\u003Cp>Elon Musk, a South African-born USA-based engineer and businessman, held the title of CEO in numerous companies, including SpaceX, Tesla, OpenAI, and more. Every company is known for cutting edge technologies in different areas, from spacecraft to EV construction.\u003C\u002Fp>\n\n\n\n\u003Cp>But earlier, in 1998, Elon stood at the foundation of PayPal, which was among the world’s first online payment systems, but definitely ended up the most popular one. By 2020, it had surpassed the mark of 300 million regular users worldwide and changed the way money was transferred online forever.\u003C\u002Fp>\n\n\n\n\u003Cp>So all of this legacy Elon (not much willingly at first) inevitably led to the adoption of cryptocurrencies. Blockchain technology, which lies at the core of a crypto, brought online payments ahead of PayPal as well as of its contenders and completely eliminated the urge of having centralized third-party “middleman” CPUs.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\" id=\"Did_Elon_Musk_create_Bitcoin\">\u003Cspan class=\"ez-toc-section\" id=\"Did_Elon_Musk_create_Bitcoin\">\u003C\u002Fspan>Did Elon Musk create Bitcoin?\u003Cspan class=\"ez-toc-section-end\">\u003C\u002Fspan>\u003C\u002Fh2>\n\n\n\n\u003Cp>In late 2014, Elon Musk was giving an interview and got a question about Bitcoin. In response, he described Bitcoin as fascinating, even though it is mainly used for transactions on the dark web. He added that cryptocurrencies eventually will be used for all kinds of financial transactions in the future and that he does not have any of Bitcoin in his possession.\u003C\u002Fp>\n\n\n\n\u003Cp>Elon Musk’s opinion was fully justified back then, as the value of Bitcoin has fallen from its current peak of around $1100 in 2014, a trend that lasted for three years until the cryptocurrency experienced an incredible boom in late 2017.\u003C\u002Fp>\n\n\n\n\u003Cp>As BTC broke through the $8000 mark and reached a new high of nearly $20000, an article titled “Elon Musk Probably Invented Bitcoin” went out in late 2017. Article’s author was later hired as a software engineer at Tesla and later founded his own company, Spase.io.\u003C\u002Fp>\n\n\n\n\u003Cp>Gupta’s evidence for his claim was mostly indirect, like, for instance, Elon’s understanding of economics, his C++ programming skills, and his unique approach to problem-solving. Elon later denied any assumptions, and added that he recently got some BTC Tokens as a gift from a friend.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\" id=\"Elon_Musk_reconsiders\">\u003Cspan class=\"ez-toc-section\" id=\"Elon_Musk_reconsiders\">\u003C\u002Fspan>Elon Musk reconsiders\u003Cspan class=\"ez-toc-section-end\">\u003C\u002Fspan>\u003C\u002Fh2>\n\n\n\n\u003Cp>Things got better in 2019, when the latest and perhaps most exciting phase of Musk’s cryptocurrency journey began, as he started to consider cryptocurrencies more seriously, both in terms of technology and as a potential component of his business models.\u003C\u002Fp>\n\n\n\n\u003Cp>In February 2019, Elon Musk called Bitcoin’s overall structure amazing and shared that he has been looking closely at Ethereum, although he does not intend to use it for his green and environmentally-friendly Tesla business due to the blockchain’s enormous energy consumption.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\" id=\"Elon_Musk_and_the_DOGE\">\u003Cspan class=\"ez-toc-section\" id=\"Elon_Musk_and_the_DOGE\">\u003C\u002Fspan>Elon Musk and the DOGE\u003Cspan class=\"ez-toc-section-end\">\u003C\u002Fspan>\u003C\u002Fh2>\n\n\n\n\u003Cp>In April 2019, Musk tweeted about Dogecoin (DOGE) for the first time, calling it his favorite cryptocurrency. In just three days, the coin’s price doubled from $0.002 to $0.004.\u003C\u002Fp>\n\n\n\n\u003Cp>Musk frequently mentioned and endorsed DOGE in December 2020 and continues to do so today, each time triggering or contributing to a rapid increase in the cryptocurrency’s value. A tweet with just the word DOGE led to a 120% increase in the price of the coin.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\" id=\"The_peak_and_future_of_Bitcoin\">\u003Cspan class=\"ez-toc-section\" id=\"The_peak_and_future_of_Bitcoin\">\u003C\u002Fspan>The peak and future of Bitcoin\u003Cspan class=\"ez-toc-section-end\">\u003C\u002Fspan>\u003C\u002Fh2>\n\n\n\n\u003Cp>In February 2020, Tesla announced it would acquire $1.5 billion worth of Bitcoin and shared its plans to start accepting payment in cryptocurrency in addition to regular cash for its products. The current highest price for Bitcoin is around $58,000 and was announced on February 21, 2021. The high price is partly due to the influence of Elon Musk and the announcement of Tesla to join the cryptocurrency world.\u003C\u002Fp>\n\n\n\n\u003Cp>So, was it Elon Musk’s actions alone that led to success in the cryptocurrency market, or was it the rapid development of blockchain technology that caught his attention?\u003C\u002Fp>\n\n\n\n\u003Cp>This question cannot be answered with certainty, but the crypto world is certainly attracting more and more people. The celebrities’ opinion towards cryptocurrencies remains extremely positive. Musician Grimes (Claire Boucher in real life), who is currently in a relationship with Elon Musk, recently sold numerous digital art pieces, worth a total of $6 million, using NFT (non-fungible tokens) which are based purely on blockchain technology.\u003C\u002Fp>\n\n\n\n\u003Cdiv class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-499968f5 wp-block-buttons-is-layout-flex\">\n\u003Cdiv class=\"wp-block-button\">\u003Ca class=\"wp-block-button__link\" href=\"https:\u002F\u002Fecos.am\u002Fen\u002Fcontracts\">Invest in Elon Musk portfolio with ECOS\u003C\u002Fa>\u003C\u002Fdiv>\n\u003C\u002Fdiv>\n\n\n\n\u003Cul class=\"wp-block-social-links alignright has-large-icon-size is-layout-flex wp-block-social-links-is-layout-flex\">\u003Cli class=\"wp-social-link wp-social-link-facebook  wp-block-social-link\">\u003Ca href=\"https:\u002F\u002Fwww.facebook.com\u002Fecosdefi\u002F\" 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This section is committed to offering both timely and precise information, aiding you in staying up-to-date and making informed decisions within the ever-active realm of digital currencies.",{"id":166,"name":91,"slug":167,"link":168,"description":169},960,"what-is","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fwhat-is","The \"What Is\" category on the ECOS blog serves as a comprehensive resource for anyone seeking an understanding of the fundamentals and intricate details of cryptocurrencies and blockchain technology. This section is designed to demystify complex concepts and provide clear, accessible explanations, making it easier for both newcomers and seasoned enthusiasts alike to grasp the essentials of digital currencies and the technologies that power them.",{"id":171,"name":92,"slug":172,"link":173,"description":174},962,"who-is-who-in-the-crypto-world","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fwho-is-who-in-the-crypto-world","The cryptocurrency industry is propelled by a wide array of visionaries, innovators, and influencers, each of whom has significantly contributed to the evolution of digital currencies and blockchain technology. The \"Who is Who in the Crypto World\" category on our blog is dedicated to providing insights into these key figures, exploring their contributions, and understanding their impact on the ever-evolving crypto space.",{"en":10},[177,203,223,244,264,273],{"id":178,"slug":179,"title":180,"content":18,"excerpt":181,"link":182,"date":183,"author":184,"author_slug":19,"author_link":185,"author_avatar":186,"featured_image":187,"lang":22,"tags":188,"reading_time":113},51352,"crypto-on-ramps-and-off-ramps-explained-how-fiat-and-crypto-move-in-and-out","Crypto On-Ramps and Off-Ramps Explained: How Fiat and Crypto Move In and Out","Entering the world of digital assets often feels like trying to cross...","https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Fcrypto-on-ramps-and-off-ramps-explained-how-fiat-and-crypto-move-in-and-out","2026-01-13 19:37:21","ECOS Team","https:\u002F\u002Fecos.am\u002Fen\u002Fauthors\u002Fecos-team","https:\u002F\u002Fs3.eu-central-1.amazonaws.com\u002Fwp.files\u002Fwp-content\u002Fuploads\u002F2024\u002F10\u002Flogo-1.png","https:\u002F\u002Fs3.eu-central-1.amazonaws.com\u002Fwp.files\u002Fwp-content\u002Fuploads\u002F2026\u002F01\u002Fcrypto-on-ramps-and-off-ramps-explained-how-fiat-and-crypto-move-in-and-out.webp",[189,193,198],{"id":190,"name":70,"slug":191,"link":192},894,"cryptocurrency","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fcryptocurrency",{"id":194,"name":195,"slug":196,"link":197},3355,"CryptoRamps","cryptoramps","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fcryptoramps",{"id":199,"name":200,"slug":201,"link":202},896,"DeFi","defi","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fdefi",{"id":204,"slug":205,"title":206,"content":18,"excerpt":207,"link":208,"date":209,"author":184,"author_slug":19,"author_link":185,"author_avatar":186,"featured_image":210,"lang":22,"tags":211,"reading_time":113},51358,"bitcoin-pizza-guy-story","Bitcoin Pizza Guy: The Story Behind the First Real Bitcoin Purchase","Introduction The history of Bitcoin is full of dramatic ups and downs,...","https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Fbitcoin-pizza-guy-story","2026-01-12 00:45:15","https:\u002F\u002Fs3.eu-central-1.amazonaws.com\u002Fwp.files\u002Fwp-content\u002Fuploads\u002F2026\u002F01\u002Fbitcoin-pizza-guy-the-story-behind-the-first-real-bitcoin-purchase.webp",[212,217,222],{"id":213,"name":214,"slug":215,"link":216},1097,"Bitcoin","bitcoin","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fbitcoin",{"id":218,"name":219,"slug":220,"link":221},884,"Blockchain","blockchain","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fblockchain",{"id":190,"name":70,"slug":191,"link":192},{"id":224,"slug":225,"title":226,"content":18,"excerpt":227,"link":228,"date":229,"author":184,"author_slug":19,"author_link":185,"author_avatar":186,"featured_image":230,"lang":22,"tags":231,"reading_time":113},51338,"crypto-basics-explained-a-beginners-guide-to-cryptocurrency-and-trading","Crypto Basics Explained: A Beginner’s Guide to Cryptocurrency and Trading","Introduction The world of finance is changing right before our eyes. Just...","https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Fcrypto-basics-explained-a-beginners-guide-to-cryptocurrency-and-trading","2026-01-09 21:55:27","https:\u002F\u002Fs3.eu-central-1.amazonaws.com\u002Fwp.files\u002Fwp-content\u002Fuploads\u002F2026\u002F01\u002Fcrypto-basics-explained-a-beginners-guide-to-cryptocurrency-and-trading.webp",[232,236,240],{"id":233,"name":234,"slug":234,"link":235},3324,"basics","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fbasics",{"id":237,"name":238,"slug":238,"link":239},3328,"beginner","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fbeginner",{"id":241,"name":67,"slug":242,"link":243},2955,"crypto","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fcrypto",{"id":245,"slug":246,"title":247,"content":18,"excerpt":248,"link":249,"date":250,"author":184,"author_slug":19,"author_link":185,"author_avatar":186,"featured_image":251,"lang":22,"tags":252,"reading_time":113},51321,"what-is-uniswap-exchange-how-it-works","Uniswap Explained: What It Is, How It Works, and How to Use the UNI DEX","Introduction Decentralization and decentralized platforms that have emerged in recent years have...","https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Fwhat-is-uniswap-exchange-how-it-works","2026-01-07 22:48:26","https:\u002F\u002Fs3.eu-central-1.amazonaws.com\u002Fwp.files\u002Fwp-content\u002Fuploads\u002F2026\u002F01\u002Funiswap-explained-what-it-is-how-it-works-and-how-to-use-the-uni-dex.webp",[253,254,259],{"id":241,"name":67,"slug":242,"link":243},{"id":255,"name":256,"slug":257,"link":258},909,"Exchange","exchange","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fexchange",{"id":260,"name":261,"slug":262,"link":263},932,"Trading","trading","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Ftrading",{"id":265,"slug":266,"title":267,"content":18,"excerpt":268,"link":269,"date":270,"author":184,"author_slug":19,"author_link":185,"author_avatar":186,"featured_image":271,"lang":22,"tags":272,"reading_time":113},51291,"bitcoin-lightning-network-2026-guide","Bitcoin Lightning Network Explained: What It Is and How Bitcoin Lightning Works","Introduction In the world of cryptocurrency, transaction speed and costs have always...","https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Fbitcoin-lightning-network-2026-guide","2026-01-05 15:28:12","https:\u002F\u002Fs3.eu-central-1.amazonaws.com\u002Fwp.files\u002Fwp-content\u002Fuploads\u002F2026\u002F01\u002Fbitcoin-lightning-network-explained-what-it-is-and-how-bitcoin-lightning-works.webp",[],{"id":274,"slug":275,"title":276,"content":18,"excerpt":277,"link":278,"date":279,"author":184,"author_slug":19,"author_link":185,"author_avatar":186,"featured_image":280,"lang":22,"tags":281,"reading_time":113},51276,"how-bitcoin-atms-work-a-complete-guide-to-using-crypto-atms","How Bitcoin ATMs Work: A Complete Guide to Using Crypto ATMs","Introduction Millions of people around the world use cryptocurrencies today – at...","https:\u002F\u002Fecos.am\u002Fen\u002Fblog\u002Fhow-bitcoin-atms-work-a-complete-guide-to-using-crypto-atms","2026-01-03 19:53:11","https:\u002F\u002Fs3.eu-central-1.amazonaws.com\u002Fwp.files\u002Fwp-content\u002Fuploads\u002F2026\u002F01\u002Fhow-bitcoin-atms-work-a-complete-guide-to-using-crypto-atms-kopiya.webp",[282,287,288],{"id":283,"name":284,"slug":285,"link":286},3304,"ATM","atm","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fatm",{"id":213,"name":214,"slug":215,"link":216},{"id":289,"name":290,"slug":291,"link":292},2959,"BTC","btc","https:\u002F\u002Fecos.am\u002Fen\u002Ftag\u002Fbtc"]