Billionaire Elon Musk said in a statement Thursday that owning Bitcoin is slightly better than holding traditional cash, but the small difference makes it a better asset to hold it.
Musk defends Tesla’s purchase of Bitcoin
In his statement, Musk also defended Tesla’s act of investing in Bitcoin, stating that the difference with cash is “adventurous enough” for the S&P 500 company to hold the cryptocurrency.
Tesla’s $ 1.5 billion Bitcoin purchase caused the cryptocurrency to climb to over $ 50,000 to its record peak this week, while Musk’s Dogecoin promotion on Twitter also raised the price of this cryptocurrency.
Elon Musk continues to dominate the crypto money market with his exits for a while. Musk, who is often on the agenda, seems to be following the issue closely for a long time, according to his statements.
How do you evaluate Elon Musk’s moves regarding crypto money?