Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Paglamon on May 09, 2020, 06:55:03 AM
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In January 2020, the CEO of Tesla Motors, Elon Musk, tweeted about Bitcoin which in no time went viral not only on Twitter but also in the media industry. In his tweet, the technologist stated that he does not believe BTC is safe.
According to the reports he just wanted to annoy the crypto community that’s why he tweeted against the BTC.
Musk mostly jokes about Bitcoin, because actually, he is a fan of cryptocurrency and blockchain. In the year 2019, in an episode of ARK Invest’s podcast, the CEO of Tesla admitted that the structure of Bitcoin is quite brilliant.
A report states that earlier the CEO of Tesla and SpaceX called BTC interesting and explained, “Yeah. It bypasses currency controls. Yeah. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper, that’s for sure”.
He even had spoken about BTC in an episode of the Third Row Tesla, a program for Tesla enthusiasts.
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Although not a complete endorsement, Musk is not exactly opposed to cryptocurrencies. In an earlier part of the interview, he said "banks are in trouble" - although he mainly referred to competitors like Stripe.
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Although not a complete endorsement, Musk is not exactly opposed to cryptocurrencies. In an earlier part of the interview, he said "banks are in trouble" - although he mainly referred to competitors like Stripe.
He said the banks were facing problems. But he added that he has always been supportive. I think those who interviewed him could not ask all the questions correctly. I did not understand what he meant by banks. If you know the details please tell here.
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Although not a complete endorsement, Musk is not exactly opposed to cryptocurrencies. In an earlier part of the interview, he said "banks are in trouble" - although he mainly referred to competitors like Stripe.
He said the banks were facing problems. But he added that he has always been supportive. I think those who interviewed him could not ask all the questions correctly. I did not understand what he meant by banks. If you know the details please tell here.
Maybe Centralized institutions in general,paypal as example, is not a bank, but they can freeze and do whatever they want with your money. :(