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Elon Musk says Tesla is better at buying bitcoin than holding cash
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[Image: aHR0cHM6Ly9zLmlzYW5vb2suY29tL2hpLzAvdWQv...wuanBn.jpg]




Tesla CEO Elon Musk said the acquisition of Bitcoin was a $ 1.5 billion reserve asset. Not directly reflected in his wishes.

Someone wondered if Musk bought his son DogeCoin, but why did Tesla buy Bitcoin? The simple conclusion is that having bitcoin is slightly better than holding cash. Little is better than cash, and $ 1.5 billion spent on Bitcoin is a reasonable or acceptable risk for the larger companies on the S&P 500.

Musk moderated that he was just an engineer, not an investor, not tied down to him a lot, but also bolstered Bitcoin that, however, when fiat currencies (state money or cash) had negative real interest, interest rates were lower than inflation. If your bank deposit has decreased in value Only fools do not look elsewhere. The simple conclusion is that if you know the value of your holdings is reduced. Only the smartest would not consider holding their money in other forms of assets, which means Bitcoin, an asset that is equivalent to cash, and less bad than cash.

Musk also added that Bitcoin is almost the equivalent of a real currency, emphasizing that Bitcoin is a cash equivalent of a liquid asset. Which also cannot be used for trading and payment as widely as cash But it is gaining more acceptance.

Later on Friday, Bitcoin rose 2.4% to 53,263 USD and this week Bitcoin's price has surged 10%. Simply put, Musk's words or reasons this time have become another boost for Bitcoin. time


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