Elon Musk: Bitcoin is ‘Brilliant, Far Better’ than Paper Money

[shadow.bishop]

Elon Musk: "I think the Bitcoin structure is quite brilliant. There seems like there is some merit to Ethereum as well, and obviously others. But I’m not sure if it’s a good use of Tesla resources to get involved in cryptos.".
For more detail ; https://www.ccn.com/elon-musk-bitcoin-is-brilliant-far-better-than-paper-money-tesla-isnt-jumping-in-just-yet

I think this is important statement, because he is so famous in the world. Crypto needs to gain trust of human being to purpose of grow the market.

[Nolkupit46]

Yes brother, you are right bitcoin is far far better than fiat hard paper money. Young generations are still involving themselves in bitcoin online digital binary currency.

[Jayde]

With this statement of him, I think he changed his mind from neutral about crypto into interesting about it, he and his company also a big one in the world and have influence too

[mlawson71]

So Bitcoin is good but not good enough for Tesla? Interesting sentiment.

[damsix]

"Crypto needs to gain the trust of human being to purpose of grow the market."

It seems like the key is here in those words. If we talk about trust, cryptocurrency is very difficult to believe.
An example is in price movements, overnight prices could have risen 100% and the following night prices returned down 200%. I think cryptocurrency is still only for some people and not for all humans when it comes to trust.

[VirtualBtc]

No never, bitcoin never better than fiat banks accepted currencies because bank currency always constant in value but bitcoin temporary, unstable.

[Jun]

 for me it's very difficult to believe that bitcoin is better than paper money because not all transaction can be done using crypto money,likewise paper money can be use by any transaction and it's accessibility anywhere. bitcoin is digital money any transaction can be done through electronic gadget,and not all acquired electronic gadget specifically people in rural the poor to the poorest but even the poor own paper money..