The head of Tesla car company confirmed that he will support cryptocurrencies in the battle with fiat money.
Elon Musk, CEO of Tesla, recently shared on his Twitter that in the battle between fiat and crypto, he will support cryptocurrencies, according to Reuters. Elon Musk shared this when asked about his thoughts on people who are angry at the head of Tesla regarding cryptocurrencies.
Photo: Forbes In the past, Elon Musk has repeatedly compared bitcoin and fiat money. He also often shares about cryptocurrencies that make the value of coins like bitcoin or dogecoin fluctuate greatly. Photo: INC In February, the value of bitcoin skyrocketed after Tesla revealed it had bought $1.5 billion worth of the coin. Besides, the electric car company also confirmed that it will soon accept bitcoin as a means of payment when buying a car. Photo: Forbes Even so, the bitcoin price plummeted after the billionaire announced in May that Tesla would not accept bitcoin for car purchases due to environmental concerns. Earlier this month, he also called dogecoin “a rush” while appearing on “Saturday Night Live.” The price of the coin bearing this dog symbol then also plummeted. Photo: CBN However, a few days ago, Elon Musk made the market “crazy” when he emphasized that he had never and will not sell dogecoin.
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