Elon Musk: ‘I Don’t Spend a Lot of Time Thinking About Cryptocurrency’

Elon Musk, CEO of Tesla, Spacex, president of X, and the wealthiest antheral alive, has declared helium doesn’t walk “a batch of time” reasoning astir cryptocurrency. In a caller X Space hosted by Cathie Wood, CEO of Ark Invest, the self-proclaimed “Dogefather” stated helium had much involvement successful the conception of wealth and the elements surrounding it.

Elon Musk Is Not Much Into Crypto Anymore

Elon Musk, who had ostensibly been precise funny successful Bitcoin, declared helium was not into crypto anymore. In an X Space hosted by Cathie Wood, CEO of the money absorption steadfast Ark Invest, Musk was asked astir his sentiment connected the aboriginal of Bitcoin and its power connected planetary fiscal markets.

Musk answered by showing his disinterest successful the crypto issue. He stated:

I person to say, I don’t walk a batch of clip reasoning astir cryptocurrency. Hardly immoderate astatine all.

Nonetheless, the wealthiest antheral successful the satellite stressed that helium was funny successful wealth and its definition, stating that helium thought astir it arsenic “a database of assets allocation,” establishing similarities betwixt web concepts similar latency, noise, congestion, and packet nonaccomplishment with money-related concepts.

Musk explained that fiat currency was “actually fine” if it had a predictable supply, provided that governments don’t maltreatment the privilege to make much money.

Musk’s caller disinterest successful crypto contradicts his erstwhile actions, having supported Bitcoin and Dogecoin publically respective times and calling himself the “Dogefather.”

Also, Tesla started receiving bitcoin for payments backmost successful March 2021, lone to halt accepting it successful May 2021 owed to the vigor footprint of Bitcoin. At the time, Musk stated that helium would commencement accepting bitcoin “when there’s confirmation of tenable (~50%) cleanable vigor usage by miners with affirmative aboriginal trend.” Tesla inactive owns a bitcoin stash adjacent aft selling 75% of its holdings successful Q2 2022.

Recently, helium has distanced himself from crypto token issuance, declaring that nary of his companies would ever contented a cryptocurrency.

What bash you deliberation astir Musk’s disinterest successful crypto? Tell america successful the comments conception below.