Elon Musk continues to consider bitcoin “almost nonsense” with ancient cryptography

Elon Musk first commented on Tesla’s investment in bitcoin after the company announced the purchase of a $ 1.5 billion cryptocurrency earlier this month.He left his statement under an interview with Binance CEO Changpeng Zhao Bloomberg.

“Elon may love Dogecoin for reasons he likes himself,” Zhao said. “The fact is, however, that Tesla bought Bitcoin, not Dogecoin.”

Musk responded by pointing out that he was not an investor, but a designer. “I don’t even have any listed stocks other than Tesla. Tesla’s actions do not directly reflect my opinion. Having a certain amount of bitcoins, which is simply a less stupid form of liquidity than traditional money, is quite adventurous for an S & P500 company, ”he said.

At the same time, the Tesla founder noted that in the face of falling real interest rates on fiat currencies, “only a fool” will not look for alternative investment assets.

“Bitcoin is almost as much nonsense as fiat money. The key word is almost, ”he added. He already used this phrase on Twitter in December, but then did not emphasize the word “almost”.

Musk also answered a question from one of the users whether such comments about Bitcoin are related to the fact that it is “too orange.” “Somehow an encrypted text file using ancient cryptography can be exchanged for real goods and services !? Amazing, ”Musk said.

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