Elon Musk Shares His Views Real Views on Bitcoin
After a long cryptic and exhaustive tweet on Bitcoin(BTC), SpaceX and Tesla the CEO finally elaborated his views on the cryptocurrencies in a Jan 20 podcast.
Well, this time Elon is neither here nor there on Bitcoin, rather musk is emphasizing and focusing on its use in the illegal transaction.
Elon Musk has recently been in the spotlight for several of his tweets saying Bitcoin is not his safe word.
But ever since everything is generally considered as a joke where he took Tesla private at $420, Musk’s early history is in deep consideration with the financial technology industry.
Back in 1999 when Musk Founded X.com, an online banking platform that later became Paypal,
Musk tweeted over it that “if Paypal had executed what he wanted them to execute it would most probably have been the most valuable company in the world.”
While continuing when interviewers asked Musk about his stand between Bitcoin and Cryptocurriencies he replied to them that he’s neither here nor there on Bitcoin.
Moving further Musk noted that as cash is being harder to use, but as seen at the alternatives that can be used for both legal and Illegal purposes as it’s not counted otherwise.
Musk makes it’s clear that:
“You must have a legal to the illegal bridge. So where I see crypto is effective as a replacement for cash. I do not see crypto being the primary database for transactions.”
Despite many of his negative connotation of cryptocurrencies being used for the illegal purpose, he emphasized on not being judgemental about the crypto
While musk added to it,
“I think there’s a lot of illegal things that shouldn’t be illegal. I think that sometimes governments just have too many laws about the missions that they should have, and shouldn’t have so many illegal things.”
