Grok

Bitcoin

Elon Musk

<p class="is-style-lead">Elon Musk, CEO of Tesla and SpaceX, engaged with Twitter and Block co-founder Jack Dorsey regarding the importance of self-custody in cryptocurrency.</p> 
<p>Musk responded to Dorsey’s announcement of <a href="https://crypto.news/coinbase-collaborates-with-bitkey-for-bitcoin-transactions/" data-type="link" data-id="https://crypto.news/coinbase-collaborates-with-bitkey-for-bitcoin-transactions/">Bitkey</a>, a self-custodial Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) wallet from Block, but made a minor error in his reference to a well-known crypto adage.</p> 
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   <p lang="en" dir="ltr">Not your keys, not your wallet, as they say</p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1732861163271057507?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 7, 2023</a>
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<p>The correct phrase, often cited by crypto enthusiasts, is “not your keys, not your coins.” This saying highlights the belief that personal control over one’s crypto keys is essential for true ownership of digital assets.</p> 
<p>The importance of this principle has been underscored by numerous failures of third parties in the crypto industry, including the recent criminal conduct at <a href="https://crypto.news/tag/ftx/" data-type="link" data-id="https://crypto.news/tag/ftx/">FTX</a>, which involved misusing customer deposits.</p> 
<p> You might also like: <a href="https://crypto.news/ledger-sees-funding-success-in-wake-of-ftx-collapse/"> Ledger sees funding success in wake of FTX collapse </a> </p> 
<p>Musk’s mistake in the phrase was quickly noted and criticized by Twitter users, reflecting his reputation as an avid, though sometimes inaccurate, crypto enthusiast. </p> 
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   https://twitter.com/zackvoell/status/1732862451647918479?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1732862451647918479%7Ctwgr%5E86b2ca5b5e03c5d04467af302cf8996afa684991%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F209133%2Felon-musk-says-not-keys-not-wallet-butchered-bitcoin-mantra 
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<p>This incident followed another recent event where Musk’s public rant against advertisers leaving Twitter inspired the creation of a meme coin, which gained and then <a href="https://www.geckoterminal.com/eth/pools/0x9d681994870532e212eb90cd69e390a1e0584874" data-type="link" data-id="https://www.geckoterminal.com/eth/pools/0x9d681994870532e212eb90cd69e390a1e0584874" target="_blank" rel="noopener">lost significant market value</a> in a short period.</p> 
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   <p lang="en" dir="ltr">you know what they say<br><br>if you can’t bit them, coin them</p>— Udi Wertheimer (@udiWertheimer) <a href="https://twitter.com/udiWertheimer/status/1732864102060441690?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 7, 2023</a>
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<p> Read more: <a href="https://crypto.news/grok-token-surges-16-ahead-of-elon-musks-grok-ai-launch/"> GROK token surges 16% ahead of Elon Musk’s Grok AI launch </a> </p>

Elon Musk misquotes Bitcoin self-custody mantra

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