News Bitcoin is As Useless as Fiat Money — Elon Musk

Margo

Margo

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SpaceX owner and Tesla CEO Elon Musk said that Bitcoin is as bad as fiat money. He also replaced his Twitter profile to “Former CEO of Dogecoin.” “Bitcoin is almost as bs as fiat money’ Elon Musk twitted on Dec 20. In 2019, Musk completely denied rumors about Tesla getting involved in Bitcoin. Despite some criticism from Musk, the price of Bitcoin remained stable over the weekend. However, at the time of writing, bitcoin is changing hands at 22,695. The founder of Tesla also expressed concerns about Bitcoin-related scams in the past. “The crypto scam level on Twitter is reaching new levels, and it is not cool,” he noted. Dogecoin jumped nearly 30% after the recent announcement by Musk. Bitcoin hovers around $23,000. As previously reported, Elon Musk faced some heat on Twitter for calling Trans pronouns “esthetically unpleasing.”

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dobryNikitos

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Elon Musk's tweet recently raised the value of DOGE :)
 
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