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mmayr

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mmayr

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Sunday, 02/21/2021 7:25:27 AM

Sunday, February 21, 2021 7:25:27 AM

Post# of 40619

Tesla CEO Elon Musk takes major u-turn on Bitcoin

Tesla CEO Elon Musk was involved in another Twitter storm overnight, tweeting that Bitcoin is “almost as BS as fiat money” in spite of Tesla’s recent $1.5 billion investment.

The 49-year-old began by responding to Bloomberg’s interview with Binance CEO Changpeng ‘CZ’ Zhao, in which Musk’s interest in Dogecoin and Bitcoin was mentioned.

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

The outspoken CEO went on to clarify: “To be clear, I am not an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla.”

Source: https://finance.yahoo.com/news/tesla-ceo-elon-musk-takes-104020129.html

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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