Bitcoin Is Better Than Cash – Elon Musk

The second richest man in the world has stated that is better than conventional cash.

Elon Musk
has been hailed as being better than cash.
The accolade was given by one of the richest businessmen in the world and Tesla Inc CEO .
He said that is a better asset to hold than conventional cash.
“However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere,” Musk said in a tweet.
is almost as bs as fiat money. The key word is ‘almost’.”
 
He also defended Tesla’s action to invest in , saying that the difference with cash made it “adventurous enough” for the S&P 500 company to hold the cryptocurrency.
Tesla’s $1.5 billion bitcoin purchase set the cryptocurrency soaring toward this week’s record peak above $50,000 while Musk’s recent promotion of dogecoin on Twitter also lifted the price of that cryptocurrency.
Bitcoin was steady just below a record peak of $51,284 on Friday.

Leave a Comment