Emphasis on’Bitcoin investment is better than holding cash’
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(Los Angeles = Yonhap News) Correspondent Yoon-seop Jung = CEO of Tesla (CE0), an electric vehicle company in the United States.
Musk said through Twitter that “when the real interest rate of the fiat currency is negative, only idiots (Bitcoin, etc.) don’t look anywhere else,” Reuters reported on the 19th.
Musk commented on Twitter after the news that Zhang Fengqiao, CEO of the cryptocurrency exchange Binance, was curious about Tesla’s investment in Bitcoin in an interview with Bloomberg Asia.
He argued that Tesla’s bitcoin investment was not a direct reflection of his opinion, but that “holding bitcoin is a less stupid act than holding cash, and bitcoin is almost like currency.”
He then noted that Tesla is a company incorporated into the S&P 500, the flagship US stock index, and emphasized that Tesla’s purchase of bitcoin is an “exciting enough” investment.
In response, Reuters reported, “Musk defended Tesla’s Bitcoin investment by revealing the idea that holding bitcoin is slightly better than holding cash.”
Tesla announced on the 8th that it would purchase $1.5 billion worth of bitcoin on the US stock market and announced that it will accept bitcoin as a payment method for electric car purchases.
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2021/02/20 05:59 sent