Elon Musk tweeted that he supports Crypto in the battle against fiat currencies

Elon Musk cryptocurrency

Elon Musk cryptocurrency

Tweeting about technology and cryptocurrency, Tesla Inc. CEO Elon Musk has cleared his support for Crypto. He said the “true battle” is between cryptocurrency and fiat currency, and he supports Crypto.

A thread that Elon started comparing magic to technology, someone asked about what he thought about people “who are angry at you because of crypto,” the Tesla Inc. CEO tweeted that the “true battle is between fiat & Crypto. On balance, I support the latter.”

Earlier, Musk cleared out that Tesla hasn’t sold any Bitcoin.

Bitcoin rose after Musk’s post to trade at around $38,150 as of 12:27 p.m.- as reported by London time.

The CEO had made such comments before, where he tweeted in December that “Bitcoin is almost as bs as fiat money.” In February, he explained, saying that “when fiat currency has a negative real interest, only a fool won’t look elsewhere.”

Source: ET

 

More

SPORTS

Virat Kohli

Virat Kohli hilariously mimics Shikhar Dhawan's signature batting posture

Virat Kohli has the ability to fascinate those who watch him in more ways than one. The Indian skipper is known for his performance on the pitch, but...

Fantasy Cricket tips

Fantasy cricket tips for Sri Lanka U-19 vs Bangladesh U-19

Sri Lanka Under-19 will play Bangladesh U19 within the 2d Youth ODI of the five-fit collection at the Rangiri Dambdulla International Stadium at Rangi...

States & UTs

Nainital Rains

Uttarakhand: around 24 dead due to persistent rains, maximum number of victims of Nainital

In Uttarakhand, about 24 people died in the incessant rain, covering most of the Nainital district, Ashok Kumar, DGP of Uttarakhand, said Tuesday. DGP...

Jitan Ram Manjhi

Ex CM Jitan Ram Manjhi asked centre for J&k for 15 days to Biharis

Outrage is being seen in Bihar over the death of Bihari sloggers in the terrorist attack in Jammu and Kashmir, while the political pustule is also goi...

POLITICS

Priyanka Gandhi

"For Girls of UP": Priyanka Gandhi says 40% of the survey candidates will be women

Congress will reserve 40 percent of its tickets for the future elections in Uttar Pradesh for women,...

Nirmala Sitharaman

India in no rush to Ease incentives, But oil is a problem, says Sitharaman

India is in no rush to withdraw its stimulus measures as policymakers want to ensure the country is...

ENTERTAINMENT

Actress Pooja Bedi

Actress Pooja Bedi tests positive for Covid-19, say ‘I choose to stay unvaccinated’

Bollywood actress Pooja Bedi has been tested positive with Coronavirus. The actress along with her f...

Sardar Udham Movie

‘Sardar Udham’ Review: a portrait of the man with a history and mystery

Director Shoojit Sircar’s Sardar Udham is a biopic that is based on a man of history and myste...

About

The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.