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stars.". For more stories on economy finance visit. Musk immediately harkened to the comedy show Silicon Valley, and a famous line from it about making the world a better place. He laughed, once again: Make the world a better place by social, mobile, crypto! Through his laughter, Musk said: Bitcoin and Ethereum scammers were so rampant on Twitter that I said Id just join. Images courtesy of Twitter, Shutterstock, Flickr. His opinions come within months of a Bitcoin-related tweet that landed him in hot water with the social media platform. Its very energy intensive to create bitcoin at this point. Theres some automatic rule that if you try to sell bitcoin or something. However, the enigmatic CEO of SpaceX did not answer the call, much to the dismay of Bitcoin proponents and Lightning Network early adopters everywhere. Just Kidding, musk famously tweeted about Bitcoin on Oct 23, 2018, when he asked if anyone wants to purchase the first and foremost cryptocurrency with an anime illustration.

"I literally own zero cryptocurrency, apart from.25 BTC.
Unlike Jack Dorsey, Elon Musk, the Tesla CEO, isnt ready to adopt bitcoin and other cryptocurrencies.
This admission comes despite a few previous cryptocurrency-focused tweets published by Musk in the past.
Even though the Tesla chief says he isnt going to steer the company.
Elon Musk Verified account @elonmusk The Bitcoin community wants to buy a Tesla with Bitcoin Elon.

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Do you think the day will come when the company will get involved with the first and foremost ally tradeking forex cryptocurrency? Paper money is going away, and crypto is a far better way to transfer value than pieces of paper. This is not just a bubble Elliott wrote. Nevertheless, the CEO of SpaceX believes BTC has its pros (and cons). What a hoot he is; maybe hes not losing his mind after all. (See also: Tesla CEO Elon Musk Denies Being Bitcoin Creator. Were really just trying to accelerate the advances of sustainable energy. And in its latest letter to clients, the Paul Singer-led Elliott Management, which oversees 34 billion in assets, excoriated cryptocurrencies as a bubble, a scam and a fraud. . There seems like there is some merit to Ethereum as well, and obviously others. At one point I said hey, you wanna buy some bitcoin? Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper, Musk told hosts Tasha Keeney and Cathie Wood, adding that despite its ability to bypass currency controls, it still has some downsides. Its very energy intensive to create the incremental bitcoin at this point.

The interviewers from Ark Invest spent the bulk of the roughly 30-minute sit down with Musk asking about Tesla. He was referring to this tweet: Musk even laughed when the interviewer said that in the.S. Table of Contents, sorry Elon Musk may like Bitcoin, but Tesla isnt getting involved with cryptocurrencies anytime soon. The co-founder of Tesla Inc. Click here to sign. Elon Musk image via reuters/Kyle Grillot. But Im not sure if its a good use of Tesla resources to get involved in cryptos. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.


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