Elon Musk Shows Little Interest in Cryptocurrencies
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.
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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.
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