Ten-days after automobile giant Tesla announced its $1.5 billion Bitcoin (BTC) purchase, company CEO Elon Musk has put out some criticism against Bitcoin (BTC). “Bitcoin is almost as bs as fiat money. The key word is “almost”,” he said.
Elon Musk’s comments came responding to a Bloomberg post. The Bloomberg article shares BINANCE CEO Changpeng Zhao’s (CZ) views on his surprise that Elon Musk is so much into Bitcoin. Talking to Bloomberg, CZ said:
“I’m surprised Elon is so gung-ho on Dogecoin — but this is a decentralized, free world, anybody can like anything”.
Musk responded through his Twitter handle while implying that Bitcoin is almost similar to fiat, but a little better. Moreover, he also noted that Tesla’s decisions are not entirely his own. In the tweet, Musk wrote:
“Tesla’s action is not directly reflective of my opinion. Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P500 company.
To be clear, I am *not* an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla. However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere. Bitcoin is almost as bs as fiat money. The key word is “almost”.
Well, this is not the first time that Elon Musk has called Bitcoin “bs”. In a tweet last December 2020, Musk wrote the exact same words, however, people thought that he was taking a dunk on Bitcoin. Note, he was as such always more interested in Dogecoin (DOGE) than Bitcoin.
Elon Musk’s Love for DogeCoin (DOGE)
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