Bitcoin Is Better Than Fiat In Today’s Negative Interest Rates Environment — Elon Musk

Bitcoin Is Better Than Fiat In Today’s Negative Interest Rates Environment — Elon Musk
фото показано с : zycrypto.com

2021-2-22 18:21

The world’s richest man has once again shared his thoughts about bitcoin. In a series of tweets, Elon Musk said that cash has negative real interest rates and only “fools” would not explore other investment options such as bitcoin.

“Only A Fool Wouldn’t Look Elsewhere”

The Tesla and SpaceX CEO is known for his advocacy of cryptocurrencies, most notably meme cryptocurrency Dogecoin. Musk has posted several tweets that have significantly pumped the price of the token. The bitcoin price also jumped 20% when the multi-billionaire changed his Twitter bio to “#bitcoin”.

In a recent interview with Bloomberg, Binance CEO Changpeng Zhao said he was quite surprised with Musk’s unabating endorsement of Dogecoin. Zhao, however, posited that Tesla’s recent $1.5 billion bitcoin purchase is indicative of Musk’s support of the king of cryptocurrencies. 

Musk clarified his stance on bitcoin in a February 19 tweet. He said:

“Tesla’s action is not directly reflective of my opinion. Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P500 company.”

He added that while bitcoin is “almost as bs as fiat money”, only a “fool” would continue staying in cash rather than looking at alternative investments given the current environment of negative interest rates.

To be clear, I am *not* an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla.

However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere.

Bitcoin is almost as bs as fiat money. The key word is “almost”.

— Elon Musk (@elonmusk) February 19, 2021

When asked why he thinks bitcoin is ‘bs’ at all, even comparing it directly to fiat money, the SpaceX magnate opined: “Somehow, a hash text file using ancient crypto can be exchanged for real goods & services!? Amazing.”

Other than dogecoin and bitcoin, Musk recently agreed to a potential new “MarsCoin”. The tech mogul, who is one of the co-founders of payments giant PayPal, has spent a lot of his time pursuing human survival and settlement on Mars via his aerospace manufacturer and space transportation company SpaceX. Musk first brought up the idea of a MarsCoin back in December 2020 when he suggested that Mars economy will be cryptocurrency-based.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66921.23 (-0.09%)
Объем 24H $28.568b
Изменеия 24h: 2.50 %, 7d: 10.68 %
Cегодня L: $66921.23 - H: $66952.44
Капитализация $1318.328b Rank 1
Цена в час новости $ 56456.9 (18.54%)

bitcoin interest rates negative elon musk real

bitcoin interest → Результатов: 126


Фото:

Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday.

2020-2-29 03:20


Cryptocurrency News Is Flooding the Market: 20 Reasons Why the Bitcoin ‘Megamonsoon’ is Coming

Bitcoin has been a major subject of interest for the media lately, and the interest is growing. There are major stories around the crypto asset lately, so let’s start with Murah Mahmudov. Mahmudov has expressed that he sees a “megamonsoon” of Bitcoin coming, giving him the idea for a list of 20 reasons why. The […]

2019-5-7 07:46