Elon Musk: I Support Crypto Over Fiat PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Elon Musk: I Support Crypto Over Fiat

Time Stamp: May 22, 2021 8:46 AM
Elon Musk: I Support Crypto Over Fiat PlatoBlockchain Data Intelligence. Vertical Search. Ai.

In yet another comment on the overall cryptocurrency industry, Elon Musk reaffirmed that he supports it over the existing fiat system.

  • Elon Musk, one of the richest men on the planet and the CEO of Tesla and SpaceX, once again caused a Tweetstorm after saying that he supports crypto over fiat.
  • Despite his Tweet being short and without any arguments, it caused, yet again, a massive storm of commentaries from various proponents of the cryptocurrency industry.
  • Adam Back was among the first to say that he should support only Bitcoin, comparing the rest of the market to the “casino market hypothesis.”
  • In any case, it’s worth noting that Musk was recently rather skeptical of Bitcoin.
  • The billionaire entrepreneur said that it’s not so decentralized because a large portion of its hashrate is concentrated in China.
  • Meanwhile, he continues to push for Dogecoin after having stated recently that he is working with Dogecoin developers to improve transaction throughput efficiency.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

Source: https://cryptopotato.com/elon-musk-i-support-crypto-over-fiat/

Time Stamp:

More from CryptoPotato