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Markets: 103812
Cryptocurrencies: 25784
Markets: 103812
Market Cap: $2,670,390,963,934     
24h Vol: $129,906,621,568
Seeking Alpha 2021-02-19 12:27:49

Elon Musk makes the case for Bitcoin: "Only a fool wouldn't look elsewhere"

Elon Musk makes the case for Bitcoin: "Only a fool wouldn't look elsewhere"
"Tesla's (TSLA) action is not directly reflective of my opinion," tweets Elon Musk of his company's $1.5B Bitcoin (BTC-USD) purchase. "Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P 500 company."More: "When fiat currency has negative real interest, only a fool wouldn't look elsewhere. Bitcoin is almost as bs as fiat money. The key word is 'almost'."Bitcoin this morning is making new all-time highs, currently changing hands at $52.6K.Yesterday, it was Bond King Jeff Gundlach who became the latest heavy-hitter to publicly begin to embrace Bitcoin.
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