Elon Musk Calls Bitcoin A Brilliant Technology, Even Better Than Paper Money

[Unblock_news]

Despite being an avid supporter of Bitcoin, Elon Musk admits that he owns absolutely zero cryptocurrencies that he purchased himself.

Musk seems to find cryptocurrency to be a brilliant innovation.

“Cryptocurrency bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure,” Musk said.

Read more here: https://www.unblock.news/news/elon-musk-calls-bitcoin-a-brilliant-technology-even-better-than-paper-money

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[bitfocus]

kinda old news buddy, you should source fresh news if you want readers to go to your site.

[TopTort777]

I wonder if he smoked a joint before making such a statement.

If he finds cryptocurrency such a brilliant innovation, then why don't he has it or bought it? He only hold a bit, that was granted his from a friend.

[BTCGOLD]

kinda old news buddy, you should source fresh news if you want readers to go to your site.

Actually it is his fresh opinion. Of course, such articles will appear every time someone famous speaks positively about cryptocurrencies, so I will not be surprised if similar article appears again in a week, after his next, similar statement.  

[Jamesib1]

I wonder if he smoked a joint before making such a statement.

If he finds cryptocurrency such a brilliant innovation, then why don't he has it or bought it? He only hold a bit, that was granted his from a friend.

He might be a supporter of the technology behind them, but not BTC or any altcoin specifically. Especially if you take in mind that you can't set up a business or purchase fuel for your rockets without using fiat 

[Haunebu]

Its good to hear that such a brilliant innovator feels positively about cryptocurrencies, but it is funny knowing that he literally did not purchase any BTC or other popular altcoins.

His statement that paper money is going away is something that I do not agree with though. Cryptocurrencies will only serve as alternate payment options and not replace paper money entirely.

[elda34b]

Its good to hear that such a brilliant innovator feels positively about cryptocurrencies, but it is funny knowing that he literally did not purchase any BTC or other popular altcoins.

He's busy with his business maybe. No time for speculative investment. However I believe he will probably look for crypto related solution for his automated car-sharing business (if it does ever get realized). He might want to use crypto and blockchain to help automatic rental/payment. Or better yet, he might want to use tech like ShareRing to leverage his car-sharing business.

[ElysiumBitcoin]

It is better than "Paper Money", most if not all ways of paying someone is better than using "Paper Money".

[Beerwizzard]

Despite being an avid supporter of Bitcoin, Elon Musk admits that he owns absolutely zero cryptocurrencies that he purchased himself.

Musk seems to find cryptocurrency to be a brilliant innovation.

The technology is so good that he decided to avoid it and use that bad old paper money and support this dying old monetary system. Awesome logic.

He's busy with his business maybe. No time for speculative investment. However I believe he will probably look for crypto related solution for his automated car-sharing business (if it does ever get realized). He might want to use crypto and blockchain to help automatic rental/payment. Or better yet, he might want to use tech like ShareRing to leverage his car-sharing business.

He is a shitty businessman tbh. The way he is managing with Tesla proves it.
Unfortunately, there is no any serious reason for him to use cryptosurrencies in his projects. He may use blockchain but without cryptos it won't affect the common users like us.

[Dreamchaser21]

Big people are now paying attention, i don’t know their real purpose but I smell something big in the future. Many big personalities will surely do the same thing. Anyway, Ellon Musk is right bitcoin is better than fiat money in so many ways, it will grow more in the future.

[davis196]

Despite being an avid supporter of Bitcoin, Elon Musk admits that he owns absolutely zero cryptocurrencies that he purchased himself.

Musk seems to find cryptocurrency to be a brilliant innovation.

“Cryptocurrency bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure,” Musk said.

Read more here: https://www.unblock.news/news/elon-musk-calls-bitcoin-a-brilliant-technology-even-better-than-paper-money

I think that Musk was probably drunk ot high,when he said that.It's just a blatant statement,without any depth or analysis.He says that bitcoin is awesome,but he isn't saying why it's awesome.All that shit about "no curreny control and better transations" is not always true.He's just spreading bullish propaganda.

[MakeMoneyBtc]

Paper money is not going away and I think it will stay here for a very long time. Even when paper money will disappear I still don't think everyone will turn their attention to bitcoin since there also exist credit cards or bank accounts that allow you to pay faster than with paper money. People are used to use fiat and its very hard to chance their mentality about that.

[kucritt]

i know that elon musk is the open minded people, and he work on the technology sector. so i think they will support the digital currency especially on cryptocurrency and bitcoin because he think that it wil lchange the wworld in the future

[Beerwizzard]

Paper money is not going away and I think it will stay here for a very long time. Even when paper money will disappear I still don't think everyone will turn their attention to bitcoin since there also exist credit cards or bank accounts that allow you to pay faster than with paper money. People are used to use fiat and its very hard to chance their mentality about that.

No matter if you use your bank card or paper money. You are still using fiat currencies but in 2nd case you are not holding it in your hands. Governments are imposing using bank cards because in this case they will control your transactions while paper money are still providing anonymity (just like bitcoin).
Fiat money will never disappear, it will just switch into a more trackable online form.

[incomefromcoins]

Elon Musk statements is positive for cryptocurrency industry hailing both bitcoin and blockchain it helps these industries get wide representation in the technology world

[gabmen]

Despite being an avid supporter of Bitcoin, Elon Musk admits that he owns absolutely zero cryptocurrencies that he purchased himself.

Musk seems to find cryptocurrency to be a brilliant innovation.

“Cryptocurrency bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure,” Musk said.

Read more here: https://www.unblock.news/news/elon-musk-calls-bitcoin-a-brilliant-technology-even-better-than-paper-money

We he said he does own a few btcs given to him but yeah he hasn't purchased some by himself, yet. Statements like this coming from someone with elon musk's stature is a big plus to promote bitcoin and to veer it away from all the negative images it got from the past year.

[Crypdon]

As one of the founders of paypal he can easily create a crypto version that will be able to compete with his old company. This will be bigger than anything we've ever seen

[Artemis3]

Despite being an avid supporter of Bitcoin, Elon Musk admits that he owns absolutely zero cryptocurrencies that he purchased himself.

Musk seems to find cryptocurrency to be a brilliant innovation.

“Cryptocurrency bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure,” Musk said.

Read more here: https://www.unblock.news/news/elon-musk-calls-bitcoin-a-brilliant-technology-even-better-than-paper-money

He is spot on, that is exactly what is happening in my country not by choice but by force. Socialism killed the economy, among other things by restricting foreign money exchange via "currency controls" so they could "digitally create" all the money they wanted to pay their ever growing debt. This provoked scarcity of money in physical form as well, so there are no coins or banknotes in enough abundance or of high enough denomination to be of any use anyway. No surprise my country is topping the ranks in localbitcoin usage. Unfortunately, as usual, socialists want to tax that as well. They might make it illegal to use any other means of exchanging (like they did to fiat), not that they can actually enforce it but that is always the problem with those who think can replace the free market with bureaucracy...

[Duzter]

Being a technology entrepreneur, he's good with his decisions. These people have made themselves billionaires through technology. Upon the same users these people will surely prioritize the technology. Though bitcoin is a succes through the technology he points out the growth of blockchain and its effective use over paper money and nothing on cryptocurrency.

[mrdeposit]

“Cryptocurrency bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure,” Musk said.

This sentence is fully right. As time goes by, they will obliged to use it, even if they do not want. Because in the developing world, everything should be appropriate for development and  the crypto is the future of money. Anyway, we can all see that Musk is always thinking about the future of humanity.