“I think there is a good chance that over the next year the price of Bitcoin will drop towards its fundamental value, which is nothing... If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behaviour — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing, which means I will have done A$200 million better than Musk.”
John Hawkins, Professor, University of Canberra · Bitcoin since: +34%
As published by The Conversation
Bitcoin: This Year I Stand To Make $200 Million More Than Elon Musk ↗
A little perspective.
Bitcoin on that day$50,422March 3, 2021
$100 at that price$133.66At our latest price check
Illustrative value using a Bitcoin price of $67,395, checked Nov 14, 2026, 3:27 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin: This Year I Stand To Make $200 Million More Than Elon Musk” — John Hawkins, The Conversation, March 3, 2021. Bitcoin: $50,422.17. https://bitcoindeaths.com/posts/2021-03-03-bitcoin-this-year-i-stand-to-make-200-million-more-than-elon-musk