Tesla CEO Elon Musk takes major u-turn on Bitcoin(finance.yahoo.com)
finance.yahoo.com
Tesla CEO Elon Musk takes major u-turn on Bitcoin
https://finance.yahoo.com/news/tesla-ceo-elon-musk-takes-104020129.html
5 comments
I think he meant to say Bitcoin is as real as fiat money to exchange things.
Fiat money is valuable because other people think it’s valuable.
Fiat money is valuable because other people think it’s valuable.
What a great time to sell and completely avoid this cryptocurrency bubble.
Elon Musk and others have already made a killing over pumping Bitcoin and they are certainly not going to hold it. We don't know what price they bought it at. Possibly before the <$40k+ pump, but they'll definitely sell it and announce it very late, only for them to cause a sharp crash to buy back at even lower prices.
Elon Musk and others have already made a killing over pumping Bitcoin and they are certainly not going to hold it. We don't know what price they bought it at. Possibly before the <$40k+ pump, but they'll definitely sell it and announce it very late, only for them to cause a sharp crash to buy back at even lower prices.
Accurate. Gotta keep the engines of crypto trading churning.
The only practical, real world application for bitcoin is speculation and market manipulation. Oh, and it's profitable for power companies.
As an engineer is want to do, Musk is simply making the best possible use of it.
As an engineer is want to do, Musk is simply making the best possible use of it.
Now he seems to be trying to close the loop by legitimizing his previous statements. I wouldn't be surprised if his previous comments are coming under scrutiny and this is his way to convince that he wasn't being dishonest earlier.