<p>I think bitcoin is like a knife, it can be used for both cooking and killing. If you say I use it for cooking, it does not mean that others do not use it to kill.
Terrorist groups, spy agencies and even criminal groups are all abusing Bitcoin.</p>

CC BY-SA 4.0
2021-03-12T18:40:47.057Z
2021-03-12T18:40:47.057Z
Iq85
<p>I have a question in my head since a while.</p>
<p>What if Elon Musk sells all his companies (spacex, Tesla, ...) and puts all the money in bitcoin and then loses the keys. What is going to happen to the real economy?</p>

CC BY-SA 4.0
2021-03-12T14:58:01.750Z
Hi dmx, we already have a few questions that are very similar to this one. Is your question answered by one of these? https://bitcoin.stackexchange.com/q/50497/5406, https://bitcoin.stackexchange.com/q/41744/5406, https://bitcoin.stackexchange.com/q/1638/5406, https://bitcoin.stackexchange.com/q/62112/5406
Murch
CC BY-SA 4.0
2021-03-13T13:29:10.773Z
If Musk sells his companies, the companies (and their assets) still exist.  If he loses his private keys, the blockchain still exists.  Aside from the possibility that the new owners of the companies cannot replicate some unique skills belonging to Musk, why would you expect anything to change?
WillO
<shrinking-money-supply>
How does bitcoin impact the real economy?
dmx
# How does bitcoin impact the real economy?

(Asked by: username_0 on 2021-03-12)

I have a question in my head since a while.

What if Elon Musk sells all his companies (spacex, Tesla, ...) and puts all the money in bitcoin and then loses the keys. What is going to happen to the real economy?

**Tags:** shrinking-money-supply

> **Comments:**
> **username_1**: Hi dmx, we already have a few questions that are very similar to this one. Is your question answered by one of these? https://bitcoin.stackexchange.com/q/50497/5406, https://bitcoin.stackexchange.com/q/41744/5406, https://bitcoin.stackexchange.com/q/1638/5406, https://bitcoin.stackexchange.com/q/62112/5406  
> **username_2**: If Musk sells his companies, the companies (and their assets) still exist.  If he loses his private keys, the blockchain still exists.  Aside from the possibility that the new owners of the companies cannot replicate some unique skills belonging to Musk, why would you expect anything to change?  

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## 1 answers

### Answer by username_3 on 2021-03-12. Score: -1

I think bitcoin is like a knife, it can be used for both cooking and killing. If you say I use it for cooking, it does not mean that others do not use it to kill.
Terrorist groups, spy agencies and even criminal groups are all abusing Bitcoin.


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