With real interest rates trending negative, Tesla’s CEO Elon Musk believes only a fool wouldn’t seek non-fiat investments

Tesla co-founder and hypothetical Dogecoin (DOGE) CEO Elon Musk just made a new move, and this time involved Binance CEO, Changepeng Zhao (CZ). Specifically, Musk responded today to CZ’s comments when CZ expressed surprise at the Tesla CEO’s “gung-ho” statement regarding Dogecoin.

Tesla’s CEO Elon Musk believes “only a fool” would ignore alternative investment opportunities

Elon Musk has stated that the new “only a fool” is not looking for alternative investments to fiat money at current interest rates on Twitter today.

In the interview, CZ implied that Tesla’s recent decision to invest $ 1.5 billion or 7.7% of his coffers in Bitcoin could demonstrate Musk’s deep support for BTC.

On Twitter, Musk said:

In response to Musk’s insinuation that he personally values ​​DOGE over BTC, Blockstream CSO Samson Mow said:

However, Musk also asserted that it would be foolish not to seek alternative investments while “fiat currency has negative real interest”:

“When fiat currency has a negative real interest, only a fool wouldn’t look elsewhere. Bitcoin is almost as bs as fiat money. The key word is almost.”

However, Musk tweeted Feb. 15 to warn of the heavy concentration of Dogecoin’s supply in the hands of a small number of whales, offering to pay top DOGE holders to deactivate accounts. their.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS