Jim Jefferies Owns Four Times as Much Bitcoin as Elon Musk

Australian comedian Jim Jefferies has amassed a larger stack of Bitcoin than billionaire Elon Musk.

In a June 30 episode of Jefferies’ podcast I Don’t Know About That, the comedian revealed to “Invest Diva” Kiana Danial that he was slightly more informed about cryptocurrency than his comedy team apparently knew — his podcast staff typically select topics the comedian has little or no knowledge of.

“I have one Bitcoin,” Jefferies said. “I bought it as a bit of a laugh just on the Robinhood app just to see what this crypto is all about.” 

The comedian said he currently owns $9,612 “worth of a Bitcoin” but Danial determined Jefferies hadn’t yet transferred his token to a wallet — and of course ‘not your keys, not your Bitcoin’.

The purchase of 1 BTC makes him richer in Bitcoin terms than tech billionaire Elon Musk, who confirmed in May that his Bitcoin holdings were still at a measly 0.25 BTC — $2,347 at the time of writing.

Jefferies’ net worth is estimated close to $9 million, meaning his crypto investment makes up just 0.1% of his assets — a little less than billionaire Paul Tudor Jones’ 1%.

Hilarious grasp of crypto

As the podcast is intended to be both educational and entertaining, Jefferies listened to Danial explain some basic crypto terms and history. 

When the subject of Satoshi Nakamoto came up, the comedian quickly responded:

“Everyone knows who he is — two Michelin stars, best tuna in town.”

Cold storage was another comedic detour:

“I’m going to buy some Bitcoins, and I’m gonna put my wallet in the fridge.”

Critical of ‘finance expert’

Comments on Jefferies’ knowledge were mixed, but many members of Crypto Twitter were critical of Danial’s explanation of blockchain and cryptocurrency. 

“That’s what you need: someone who doesn’t understand a subject to a bunch of people who have never heard of it,” said Twitter user Westy447. “Like a cat trying to explain cycling to fish.”

Podcaster Marty Bent even offered to be a replacement for Danial after another user brought her performance to his attention: “The so-called expert they had on was a total disaster. I would love Jim Jefferies to come on your show, so he can learn about Bitcoin the right way.”

Jefferies is the second major comedian to express an interest in cryptocurrency over a podcast in a week. Cointelegraph reported on July 2 that Anthony Pompliano had successfully convinced comedian Bill Burr to invest in Bitcoin.