Elon Musk on Bitcoin: "Bitcoin is almost as bs as fiat money"

[ChiBitCTy]

It almost seemed like he was drunk how much he was tweeting about cryptocurrency.  I still think it's a nod to bitcoin as in a small endorsement.  He did say he thought it was less bullshit than fiat money.  I also found it pretty interesting about his tweet saying "one word..doge".  I know he does that as just a joke/trolling. 

[MoreStamps.Global]

https://twitter.com/elonmusk/status/1340588909974200321

Is his account got hacked again? I thought he was a believer...

He is also known to be trolling people but I can't decide if he was trolling earlier or now?  Maybe both!

I highly doubt this guy.

1st tweet: bitcoin is my safe word.
2nd tweet: Just kidding, who needs a safe word anyway!?

I meant what the hell? We certainly don't want this kind of influencers. It may be beneficial to us in terms of profits but it is not a good practice.

[Chrystora123]

snip..

I highly doubt this guy.

1st tweet: bitcoin is my safe word.
2nd tweet: Just kidding, who needs a safe word anyway!?

I meant what the hell? We certainly don't want this kind of influencers. It may be beneficial to us in terms of profits but it is not a good practice.

this former dogecoin CEO (posted on his Twitter account) really like Bitcoin and Doge "LOL".  I cannot deny that Elon has great sympathy/influence especially when it comes to technology.  many presidents love Elon mainly because of the foresight and success of his companies (SpaceX and Tesla).  To change the view of the government and the public opinion, it requires the role of someone who has a big influence..

[vaultman]

Bitcoin may not be perfect, but it doesn't compare to fiat money, since Bitcoin is definitely better than fiat. Perhaps this post was his joke, I don't think he has such a bad opinion of cryptocurrencies, as indicated by his next post on Dogecoin. I will even say more, I am sure that in the near future he will be one of those people who will promote bitcoin to the masses, because for this he has a huge influence, money and tools for this.

[eucalyptus]

Sometimes I cannot understand how a person like Elon Musk can post tweets like this. Let's say that he was drunk but the other day he would delete what he posted. Let"s say that he was trolling but he is head of the Tesla and SpaceX. I just cannot say anything more...

[aesma]

Not a troll just the truth.

In  2142 bitcoin is a 100% premine to anyone born, it might as well be fiat to our future generations.

On the contrary, fiat is printed all the time, it's supposed to grow in circulation as the economy grows (and shrink when it shrinks). 2142 or today doesn't make any difference, fiat price is going down, by design, and BTC price is going up, by design. If you want to hold currency for future use, the choice is obvious.

[Nellayar]

Maybe he's trolling again.

Look at the description of his profile; "Former CEO of Dogecoin".

He's tweeting about Dogecoin too which made the pump quickly. Just a few hours ago, he has tweets about bitcoin. We knew it that Elon is for bitcoin and his tweets are always favorable to bitcoin.

Maybe he wants to test the reaction of market players. He wanted to know if his troll may affect the bitcoin price. As we all know that Elon Musk has many followers. He can manipulate the mind of his supporters by just a few click. I don't know if what his side is pro or cons to bitcoin. But whatever what his side is, I don't care since I am not fan of him. I admire for his aeronatics stuffs but I never admire his thoughts about cryptocurrency. Bitcoin is better than fiat.

[onooks]

almost...
that make it better than fiat!
pay attention people there is hidden gems in this tweet!

[bbc.reporter]

Related to Elon Musk's mention of bitcoin, the mainstream news media likes to twist the truth and create another clickbait. Elon Musk did not inquire about moving large transactions to bitcoin. It was Michael Saylor who was going to Elon Musk's tweets to larp about bitcoin.



Elon Musk inquired about converting “large transactions” of Tesla Inc.’s balance sheet into Bitcoin in a Twitter exchange with Michael Saylor, a prominent booster of the digital currency.

Source https://www.bloomberg.com/news/articles/2020-12-20/musk-inquires-about-moving-large-transactions-to-bitcoin

[figmentofmyass]

key word almost.

who even needs bitcoin when we have dogecoin? that's where elon is coming from.

he's a total troll. if you guys are hoping for another michael saylor (CEO/founder of microstrategy) then you're probably gonna be disappointed.

[Wind_FURY]

key word almost.

who even needs bitcoin when we have dogecoin? that's where elon is coming from.

he's a total troll. if you guys are hoping for another michael saylor (CEO/founder of microstrategy) then you're probably gonna be disappointed.

BUT, he also posted this meme.



I believe he's actually considering converting some Tesla stock and HODL Bitcoin as part of his company's reserve asset, but with the approval of the board of directors. He can't decide alone for a public company.

[idrisalomagold]

Musk should consider the fact that BTC is the celebrity of this era. WE ARE ALL AWARE WHAT IS BITCOIN even my 4 years old brother knew about it, with that, he was trying to make some famous impression about it. Either influencing people`s minds or to those institutions who put cash flows in the BTC market. These are just fancy comments from a prominent but bored "individual" who have the power to change something from nothing. In the first place, Elon Musk accumulated bitcoin by himself so we can`t say that he is against it nor he is with it despite being a holder. Even for us, we come to love bitcoin not because it is decentralized but because it is the best working asset right now.

[KonstantinosM]

I lost respect for Elon Musk a long time ago.

The hyperloop isn't realistic and will never work. His claims that he can make tunnels like 100 times cheaper is a bunch of bullshit too. He is either lying or he doesn't have a good grasp on physics.

His view on Bitcoin I find personally irrelevant. He will only try to be popular. Elon Musk and his reputation deserve to crash and burn but once you're ultra rich you can stay ultra rich forever and his fan-boys are basically a cult.

[Shasha80]

I was speechless with what Elon Musk posted on twitter regarding Bitcoin, maybe this is just a joke for him. But successful
and influential person like Elon Musk shouldn't make jokes like that. This will only spoil people's view of Elon Musk, I don't
really think about what Elon Musk has done. Because I'm not a supporter of Elon Musk, so whatever Elon Musk posts on twitter
doesn't change my view of Bitcoin. For me Bitcoin is better than fiat, i love Bitcoin very much.

[3meek]

Ilon Mask has been using cryptocurrency for a long time... Also sometimes likes to pump his favorite coin - DOGE...

[AakZaki]

Sometimes I cannot understand how a person like Elon Musk can post tweets like this. Let's say that he was drunk but the other day he would delete what he posted. Let"s say that he was trolling but he is head of the Tesla and SpaceX. I just cannot say anything more...

I don't think Elon Musk was drunk when he made his twett. He's just trying to manipulate the brains of the market players. He is one of the most influential people and has a large following. Just look at the effect for DOGE. DOGE prices soared when he said one word: DOGE.

[BrewMaster]

Sometimes I cannot understand how a person like Elon Musk can post tweets like this. Let's say that he was drunk but the other day he would delete what he posted. Let"s say that he was trolling but he is head of the Tesla and SpaceX. I just cannot say anything more...

I don't think Elon Musk was drunk when he made his twett. He's just trying to manipulate the brains of the market players. He is one of the most influential people and has a large following. Just look at the effect for DOGE. DOGE prices soared when he said one word: DOGE.

that is only because useless altcoins such as DOGE rely on pump and dumps for their survival. they literary have no purpose for their existence so when there is some news like this the pumping teams take advantage and pump the hell out of that coin.
there is also the fact that altcoin markets are all very small and controlled. for example the volume on one exchange (Binance) is the only thing that determines the price.

none of the above is true about bitcoin though!

[Pokapoka124]

Elon has got me confused. Is he joking? I always thought he was a bitcoin enthusiast. This is a clear example why it is never good to seek financial advice on social media

[hatshepsut93]

However, he is also one if the smartest people in the world. Bitcoin is similar to fiat has also been an unpopular argument in the cryptospace community but an argument not closed. According to the argument, bitcoin is similar to fiat, not similar to gold because it was created by man, it has a version no. and a group of men can decide to fork it to issue more coins or fork it to print more coins for themselves similar to Roger Ver.

The words "Bitcoin is almost as bs as fiat money" actually puts Bitcoin higher than fiat money, the key word here is "almost". It kinda trolls both Bitcoiners, because they get mad when someone says Bitcoin is like fiat, and Bitcoin haters, because it says that Bitcoin is better than fiat.

As for the argument, I think the biggest similarity between Bitcoin and fiat is that they both have no use except for being money, while things like gold have useful chemical and physical properties, but this in no way means that Bitcoin inherits some flaws of fiat money, because those flaws come from centralization.

[mindrust]

Elon has got me confused. Is he joking? I always thought he was a bitcoin enthusiast. This is a clear example why it is never good to seek financial advice on social media

It is very possible that he does whatever he does a on social media just to fuck with us.

The third possibility is that he doesn't give a fuck about crypto and never had.

So he is just trying to fuel people's emotions and create drama by saying whatever that he thinks would succeed.

Welcome to the age of the Technocrats,

where they can fuck with anybody, tell racist jokes, smoke weed like a high school boy and nobody cares.

20 years ago a CEO of a big company had to act "normal". Now they don't have to.