📣 Elon Musk Shows Little Interest in Cryptocurrencies
posted 22 Dec 2023
Elon Musk has shared his relatively indifferent stance towards cryptocurrencies, considering money primarily as a database for resource distribution. He opined that fiat currencies are quite capable of serving this purpose effectively, provided that governments don't abuse the system and fuel inflation.
Elon Musk has shared his relatively indifferent stance towards cryptocurrencies, considering money primarily as a database for resource distribution. He opined that fiat currencies are quite capable of serving this purpose effectively, provided that governments don't abuse the system and fuel inflation.
“I don't spend a lot of time thinking about cryptocurrency — hardly any at all,” Musk revealed during a discussion with Cathie Wood, CEO of Ark Invest.
He made this remark while commenting on Tesla's considerable investment in Bitcoin, valued at around $184 million based on market prices. According to the company's latest quarterly report, Tesla continues to retain these coins over a considerable period.
