Cryptocurrencies: 30358
Markets: 109486
Market Cap: $2,690,561,703,467     
24h Vol: $90,429,152,435
Cryptela — Cryptocurrency News and Market Intelligence
Seeking Alpha 2021-02-19 12:27:49

Elon Musk makes the case for Bitcoin: "Only a fool wouldn't look elsewhere"

"Tesla's (TSLA) action is not directly reflective of my opinion," tweets Elon Musk of his company's $1.5B Bitcoin (BTC-USD) purchase. "Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P 500 company."More: "When fiat currency has negative real interest, only a fool wouldn't look elsewhere. Bitcoin is almost as bs as fiat money. The key word is 'almost'."Bitcoin this morning is making new all-time highs, currently changing hands at $52.6K.Yesterday, it was Bond King Jeff Gundlach who became the latest heavy-hitter to publicly begin to embrace Bitcoin.
Advertise on Cryptela

Videos
  • A Step by Step Guide To Use and Utilize Cryptocurrency!

  • What are NFTs? How will it change the way we use things? Simply Explained!

  • How To Buy NFTs? Step by Step Guide for Beginners

  • DEFI: What is Defi? A Beginner's Guide to Decentralized Finance!