Note he was as such always more interested in dogecoin doge than bitcoin. In the tweet by bloomberg the outlet underlines that the binance ceo pointed to musk and teslas 15 billion bet on bitcoin and not dogecoin.
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Tesla chiefs tweets in support of bitcoin and dogecoin along with teslas investment have boosted the prices of major cryptocurrencies in the past few weeks however one of his recent tweets have cost musk a whopping 152 billion in a day.
Elon musk bitcoin tweet fiat. In fact musk went on to call bitcoin almost as bs as fiat money adding that since fiat currency has a negative real interest only a fool wouldnt look elsewhere bitcoins market has grown tremendously over the last year. The key word is almost. Bitcoin is almost as bs as fiat money elon musk atelonmusk december 20 2020 musk later also tweeted in support of dogecoin a cryptocurrency he has supported before.
Doge dogecoin is a cryptocurrency featuring a likeness of the shiba inu dog from the doge internet meme as its logo. Well this is not the first time that elon musk has called bitcoin bs. In a tweet last december 2020 musk wrote the exact same words however people thought that he was taking a dunk on bitcoin.
Teslas elon musk continues with his controversial opinions on bitcoin. Well musk steps in and replies with. Tesla inc ceo elon musk tweeted on december 20 2020 bitcoin is almost as bs as fiat money he then followed up with a tweet that said one word.
Bitcoin is almost as bs as fiat money. Bitcoin is almost as bad as fiat currencies but adventurous enough for an sp 500 company said the ceo of tesla and spacex elon musk. Many attribute the depreciation of bitcoin to musks tweet as the temporal proximity between the two events could give the feeling of cause and effect.
Introduced as a joke currency. Bitcoin almost as bad as fiat money dogecoin reigns supreme elon musk messed with bitcoiners hearts once again and a tweet about dogecoin pumped its price by 17. It kicked off 2021 at around 29k and at the time of writing was being traded at over 50k.
Elon musk has been one of the biggest supporters of cryptocurrency. Elon musk atelonmusk february 20 2021.
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