Elon Musk, CEO of Tesla and SpaceX, said in a new statement about Bitcoin and Ethereum that the price of this duo may have “risen” a little too much.
Peter Schiff, chief executive of Euro Pacific Capital, yesterday described both Bitcoin and fiat money as “nonsense” and said the “real money is gold.“ Elon Musk responded to Schiff, one of Bitcoin's biggest critics, on Saturday morning.
Elon Musk said this week that “Bitcoin is almost as ridiculous as fiat money.” Peter Schiff took this statement a step further, arguing that both were completely absurd and that gold was better than both Bitcoin and fiat money.
The Tesla CEO responded by telling Schiff that all kinds of money are actually “data. Musk's statement was as follows:
An email sent to you about buying gold is not really the same as buying gold. Even if you buy cryptocurrencies, it doesn't matter. Money is data that saves us the trouble of making a trade. This data, as with all other data, may have errors and delays. The system will evolve to minimise both.
Musk, who opposed Schiff's views on gold with these words, added to this a comment on Bitcoin and Ethereum prices. Musk's words, " ...but with that, Bitcoin and Ether prices seem high."it was in the form. As of Saturday morning, bitcoin was trading at $ 55,730; ether was trading at $ 2,012.