THELOGICALINDIAN - Tesla and Spacex CEO Elon Musk has antiseptic his position on bitcoin Emphasizing that he is an architect not an broker Musk says that bitcoin is artlessly a beneath impaired anatomy of clamminess than banknote Musk additionally acknowledged gold bug Peter Schiffs claims about bitcoin and commented on the amount of the cryptocurrency
What Elon Musk Thinks About Bitcoin
The CEO of cryptocurrency barter Binance, Changpeng Zhao, was interviewed by Bloomberg Thursday afterwards the appeal for dogecoin on his barter soared. He commented on Elon Musk’s activity appear the meme cryptocurrency during the interview.
“I’m afraid that Elon’s so assertive on dogecoin,” Zhao began, acquainted that “This is a decentralized, chargeless apple and anybody can like anything. He [Musk] can like dogecoin for any acumen he likes.” Emphasizing his able acceptance that Musk is not associated with dogecoin, the Binance CEO acicular out that Musk’s electric car company, Tesla, bought $1.5 billion of bitcoin, not dogecoin.
Musk saw the account on Twitter and replied:
“To be clear, I am ‘not’ an investor, I am an engineer. I don’t alike own any about traded banal besides Tesla,” he elaborated.
Nonetheless, Musk clarified: “However, back authorization bill has abrogating absolute interest, alone a fool wouldn’t attending elsewhere. Bitcoin is about as BS as authorization money. The key chat is ‘almost.'”
Gold bug Peter Schiff, who afresh bashed Musk and Tesla for affairs bitcoin, tweeted Friday: “According to Elon Musk ‘Bitcoin is about as BS as authorization money.’ So Musk commendations both bitcoin and authorization as BS.”
He added wrote: “I agree, I aloof anticipate bitcoin, which is agenda fiat, is alike added BS than the cardboard authorization issued by axial banks. Gold is not BS. It’s absolute money and bigger than both.”
Musk saw the cheep and replied to Schiff:
The Tesla CEO continued, “The arrangement will advance to that which minimizes both.” He additionally noted, “That said, BTC & ETH do assume high.”
Refusing to accord in to Musk, Schiff connected to accurate his assessment about gold, bitcoin, and money. On Saturday, he asked Musk to accompany him for a chat on Clubhouse.
Do you accede with Elon Musk? Let us apperceive in the comments area below.
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