“Exactly”: Elon Musk’s One-Word Cryptocurrency Investment Advice1 min read
Elon Musk, the tech entrepreneur, has made it a point to show that he supports cryptocurrencies by tweeting his support. As a result, when he speaks about the crypto sector, the entire globe listens. In his most recent tweet, the SpaceX and Tesla CEO provided a single word of warning and counsel to all bitcoin investors.
Bill Lee, a founding partner at West Coast Holdings and an investor in some of Musk’s enterprises, replied to a tweet about lessening reliance on crypto trading platforms by arguing that an investor cannot claim assets in a digital wallet unless they control the wallet’s keys. Musk backed up his notion with a single word: “exactly.”