Elon Musk is well-known for his interest in blockchain technology and cryptocurrencies. In a recent interview with Cheddar, he said, “I like to learn about [Bitcoin] from friends. A lot of people who have them seem to be very enthusiastic about them. I probably know as much about it as the average person.”
Musk clarified that he isn’t a “maximalist” and isn’t too concerned about which cryptocurrency is the best. He noted that he owns some Bitcoin and just the fact that it exists is pretty spectacular.
He said, “It’s cool to see that there is some sophistication around cryptocurrencies. It’s not just a bubble. Bitcoin is not a fraud. It’s not a Ponzi scheme.”
Furthermore, Musk highlighted that he doesn’t have a stake in any of the cryptocurrency exchanges and doesn’t have any plans to invest in them either.
He said, “It’s not something I’m interested in. That doesn’t mean it will go away though.”
Elon Musk’s cryptocurrency?
It’s hard to imagine what a cryptocurrency created by Musk would look like, but it’s been speculated that he could create his own version of Bitcoin.
Given his interest in cryptocurrency and blockchain technology, it’s safe to assume that he wants to get involved in the cryptocurrency space somehow.
One of the main reasons why Musk is interested in blockchain technology is because it could be a solution to the problem of trust. He emphasized the idea that it’s extremely difficult for a person or organization to become trustworthy due to the fact that it can be difficult to verify their identity.
He stated, “Because of that, it’s very hard for people to trust each other. Blockchain is a very important technology for establishing trust.” In the past, Musk has also suggested that he wants to create a “digital currency” that is “usable for the public at large.”
He even went on to say that this could be a “good thing” if it’s done correctly.
The post-Elon Musk: Bitcoin is ‘Cool’ and ‘Not a Fraud’, But He Has No Plans to Invest appeared first on Blockonomi.
Now he started to highlight Bitcoincash constantly.
It will increase the demand for Bitcoin Cash. Like Bitcoin and other currency. Let's see how it landed on.
You can motivate me through TIP.