Elon Musk is an influential business leader and innovator of our time. As the CEO of Tesla and SpaceX, his industries approach. However, many people Musk interested in cryptocurrencies and blockchain technology. This interest recently led him to Teeka Tiwari, a cryptocurrency expert. Teeka Tiwari a name for himself in the crypto space by accurately predicting price movements and identifying new opportunities early on. Tiwari cryptocurrency since 2016 and is considered a trusted voice in the industry.
So how did Tiwari first catch Musk’s attention? The story begins in early 2021 when Musk added “#bitcoin” to his Twitter bio. Tiwari predicted that institutional interest would continue growing in 2021, thanks to major companies like MicroStrategy and Square putting Bitcoin on their balance sheets. However, he warned also ramping up efforts to control the industry and that investors be cautious and smart with their approach.
Musk got his hands on Tiwari’s crypto report and was impressed by the balanced, insightful analysis. He appreciated that Tiwari wasn’t over-hyping the space or outrageous claims. In March 2021, Tiwari published another in-depth crypto briefing just as the market reached new highs. He opined that while Bitcoin and crypto had momentum, investors of the “greed” sentiment starting to permeate the industry. Tiwari commented that unchecked greed often leads to bubbles. Sure enough, within weeks of that report, the crypto market plunged 50% from its peak.
Once again elon musk’s chatgpt xai stock took notice of Tiwari’s sober, well-grounded predictions. He liked the fact that this crypto expert was warning against the hype and encouraging level-headed analysis. These two research reports impressed Musk and Tiwari deeply with cryptocurrency fundamentals. Even though Tiwari was analyzing crypto from an investment lens, Musk could see the deeper blockchain insights. In May 2021, Tiwari published a White Paper titled “Crypto Gold: Why Bitcoin is the Apex Predator.” This detailed report explains why Bitcoin is the dominant crypto asset and to gold as a store of value reasons is Bitcoin’s verification process called “mining”, leverages blockchain technology to independently verify and record all transactions without needing a third party.
Tiwari highlighted that this mining/verification process is what gives Bitcoin its intrinsic value. It allows Bitcoin to function as honest “digital gold” that is not controlled or manipulated by any person, group, or government. He likened Bitcoin’s transparent mining ecosystem to gold’s physical mining process that adds verifiable gold supply to above-ground reserves each year. This White Paper completely captured Musk’s imagination by analyzing Bitcoin through an engineering lens. As a technical innovator himself, Musk appreciated Tiwari’s meticulous, software-based foundations for Bitcoin to operate as sound money.
Shortly after reading Tiwari’s research, Musk announced that Tesla would allow customers to purchase vehicles using Bitcoin. He also revealed that Tesla has $1.5 billion worth of Bitcoin to hold on its balance sheet. Musk’s move to embrace crypto as a Tesla payment and reserve asset was a huge validation of Tiwari’s conclusions about blockchain tech’s transformative utility. Later in 2021, Tiwari wrote a blog post urging crypto investors to evaluate projects based on real-world usefulness rather than hype or speculation. Once again, this demonstrated Tiwari’s focus on fundamentals – an approach that resonates strongly with Elon Musk.
Musk and Tiwari finally connected directly in early 2022 when Musk was looking for balanced crypto insights to share with Twitter’s board. Tiwari’s pragmatic point of view helped Musk formulate his crypto-related proposals to the board during his attempted takeover bid.
