THELOGICALINDIAN - For the third time in a few months Teslas arch controlling Elon Musk absitively to name bead Bitcoin on Twitter
This time, Musk abashed the industry, autograph that the arch cryptocurrency is attractive “solid” compared to authorization money.
Bitcoin Is Better Than Fiat? Elon Musk Weighs In
Responding to “Harry Potter” columnist J.K. Rowling, Elon Musk remarked aloof account ago that he thinks the “massive bill issuance” by governments and axial banks is authoritative Bitcoin “look solid in comparison.”
Musk’s point holds merit. As observed by Bitcoin programmer Jimmy Song, the banal of U.S. dollars (M2) has added by $2.3 abundance aural the amount of three months — acceptable the fastest advance of authorization money ever.
The abovementioned Twitter column is the latest animadversion of abounding Musk has fabricated in favor of cryptocurrency.
Speaking to ARK Invest in aboriginal 2024, the Tesla and SpaceX arch controlling said he thinks Bitcoin’s anatomy is “quite brilliant.” Musk added that he sees amount in the cryptocurrency in a apple with bill controls and in a apple area “paper money is activity away.”
Not the Only Billionaire Attached to This Narrative
Musk is the latest billionaire to accept answer Bitcoin in acknowledgment to advancing macroeconomic trends.
Paul Tudor Jones, a barrier armamentarium administrator account over $5 billion and admired to be one of the world’s best investors, appear aftermost anniversary that he is advance in Bitcoin.
The reason: like Musk, he fears the axial coffer acknowledgment to the advancing recession will accomplish deficient assets accomplish that abundant added sense.
