Technology entrepreneur and Tesla CEO Elon Musk

said that Bitcoin’s (BTC) structure is “quite brilliant,” adding that digital currency is “a far better way to transfer value than pieces of paper.” Notably, that was perhaps the most straightforward comment on cryptocurrencies and blockchain from Musk so far, as he normally tends to avoid the topic. However, there have been a few encounters between the tech mogul and crypto to date — after all, given Musk’s previous experience at PayPal, he couldn’t pass up the innovative digital payment method. Here’s how his relationship with crypto has evolved since 2014, when he made his first public comments about Bitcoin.

October, 2014: Elon Musk argues that Bitcoin will be mostly used for illegal transactions

On Oct. 8, 2014, Musk was interviewed by Walter Isaacson on stage at Vanity Fair's New Establishment Summit. At some point, Isaacson asked the Tesla CEO whether he thought that Bitcoin would be disruptive to fiat currencies, to

which he replied:

“I think Bitcoin is probably a good thing. I think it's primarily going to be a means of doing illegal transactions. But that's not necessarily entirely bad. You know, some things maybe shouldn't be illegal."

Musk then added:

"It will be useful for legal and illegal transactions. Otherwise, it would have no value as a use for illegal transactions, because you have to have a legal-to-illegal bridge."

The entrepreneur followed his comments by disclosing that he didn’t own any BTC at the time.

November 2017: Musk clarifies he is not Satoshi, says he owns “part of BTC”

On Nov. 22, Sahil Gupta, who is allegedly a former intern at SpaceX, wrote a Medium entry speculating that Musk could be Satoshi Nakamoto, the original creator of Bitcoin. Specifically, Gupta emphasized Musk's background in economics, experience in production-level software and history of innovation to postulate that Musk could have invented Bitcoin. The theory was very soon disproved by Musk himself, who tweeted that Gupta’s suggestion “is not true.” The SpaceX CEO added, however, that he now had “part of BTC” a friend sent him a few years back.  

December 2017: Musk says that he has never heard about Bitcoin

On Dec. 22, Neeraj K. Agrawal, an employee of nonprofit crypto research institution CoinCenter, took to Twitter to ask Musk whether he created Bitcoin, to which the tech tycoon replied that he “never heard of it,” linking a satirical article on The Onion titled “Bitcoin Plunge Reveals Possible Vulnerabilities In Crazy Imaginary Internet Money.”

January 2018: Musk references crypto hype to promote a flamethrower  

In January 2018, when major altcoins were enjoying their all-time highs following the Bitcoin’s record-breaking ascent, Musk used the consequent crypto hype to promote a flamethrower released by his tunnel construction firm,

the Boring Company:

“The flamethrower is sentient, its safe word is ‘cryptocurrency’ and it comes with a free blockchain.”

February 2018: Musk comments on Twitter crypto scams, reveals how much BTC he is holding

In February last year, the SpaceX CEO addressed a growing Twitter trend, whereas scammers would pose as famous figures like Musk or Donald Trump and trick users into sending them cryptocurrency. Replying to one of the tweets asking why such spamming was so widespread, Musk claimed that he had already contacted Twitter CEO Jack Dorsey regarding this issue. “I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago,” he also disclosed, which seems to check out with the aforementioned comment about his crypto holdings. At the time, his BTC tokens amounted to around $2,531. As of now, that number would be even more modest, being set at around the $975 mark.

Interestingly, just few days prior to Musk’s tweet, Tesla’s Amazon Web Service’s (AWS) software container was hacked by cryptojackers. Specifically, fraudsters accessed Tesla’s AWS access credentials by penetrating a nonpassword-protected Kubernetes software container. Then, they used that container to mine Bitcoin for an unknown amount of time. The attack was well coordinated, as the hackers set up their own mining pool software, then connected the malicious script to an “unlisted” endpoint, and kept their CPU usage at a low level to prevent being spotted. Prior to that, in December 2017, an owner of a Tesla S electric car reported that he had been mining Bitcoin with his car’s supercharger, placing a mining rig in the trunk.

March 2018: Musk is spotted holding a book about cryptocurrencies

To read further on this subject, please click the following link..

https://markethive.com/group/cryptocoin/blog/scammers-satoshi-and-tesla-miners-elon-musks-complex-relationship-with-crypto