Elon Musk: Bitcoin and Ethereum prices seem high

Elon Musk: Bitcoin and Ethereum prices seem high, Elon Musk wrote on Twitter, emphasizing that he is an engineer and not an investor, that Bitcoin and Ethereum prices seem high. He went on to write that keeping bitcoins is wiser than keeping cash.

According to Bitcoin Dotcom, Changpeng Zhao, CEO of Binance Exchange, interviewed Bloomberg on Thursday after the demand for Dodge Quinn increased. In this interview, he talked about Elon Musk interest in Dodge Quinn.

Pointing out that we are in a decentralized and free world, Zhao said that everyone can love anything, adding that he was surprised by Elon Musk interest in Dodge Quinn. He continued:

Musk can love Dodge Quinn for any reason.

The CEO of Binance, emphasizing that Musk has no connection with Dodge Coin, noted that Elon Musk electric car company Tesla did not buy Dodge Coin and bought more than $ 1.5 billion in Bitcoin.

Elon Musk watched the interview on Twitter and replied:

Tesla’s action does not directly reflect my opinion. Having some bitcoin compared to cash is a less silly way to maintain liquidity, and that’s enough of an adventure for a S&P 500 company.

The musk went on to explain:

To clarify the matter, I say that I am not an investor, I am an engineer. I do not own any shares in Tesla.

The musk further clarified:

However, when the interest rate on Fiat currencies is negative, only a fool can be satisfied with these currencies. Bitcoin is almost as much junk as Fiat currencies; The key point is “almost”.

Gold fans Peter Schiff, who recently criticized Musk and Tesla for buying bitcoins, tweeted Friday:

According to Elon Musk, the bitcoin musk is about as much junk as Fiat money. So the musk throws them both away.

He further wrote:

I agree, I think bitcoin, which is a digital currency, is even more nonsensical than paper money issued by central banks. Gold is not nonsense, it is real money and it is better than both.

Elon Musk viewed the tweet and responded to Schiff as follows:

An email saying you have gold is not the same as having gold. You may also have digital currency. Money is just data that allows us to not bother trading. This data, like all data, can be delayed and error-prone. The system continues to evolve to minimize latency and error. Bitcoin and Ethereum look high.

Schiff did not give in to the musk and continued to comment on gold, bitcoin and money. He asked Musk to join him on Saturday at a clubhouse.

Elon Musk: Bitcoin and Ethereum prices seem high