‘Only a fool’ wouldn’t seek non-fiat investments



On February 19, Musk responded to comments made by Binance CEO Changepeng Zhao to Bloomberg where CZ was She expressed He was amazed at the executive “gung-ho” statements regarding Dogecoin.

Tesla co-founder and hypothetical Dogecoin (DOGE) CEO Elon Musk has it Confirmed That “idiot only” would not be looking for alternative investments to fiat currency given the current interest rates on Twitter today.

During the interview, CZ indicated that Tesla’s recent decision to invest $ 1.5 billion or 7.7% of its treasury in Bitcoin (BTC) was likely evidence of Musk’s deep support for Bitcoin.

On Twitter, hold on She said, “Tesla’s work does not directly reflect my opinion. Owning some Bitcoin, which is simply a less stupid form of cash than cash, is an adventure enough for the S & P500.”

In response to Musk’s hint that he personally holds DOGE above BTC, Blockstream CSO Samson Mow She saidYou’re sad only because you didn’t buy sooner.

However, Musk also emphasized that it would be foolish not to seek alternative investments when “paper currency has a real negative benefit”:

“When a fiat currency has a negative real interest, only a fool will look elsewhere. Bitcoin is almost like paper money. The keyword is” almost. “

Elon Musk’s Twitter account was considered the catalyst for the dramatic Dogecoin recovery from the pump and dump led by r / Wallstreetbets that targeted a meme coin at the end of January, with the billionaire Describe DOGE as “Encrypting People”.

However, Musk tweeted on February 15 to warn that the Dogecoin supply is too concentrated in the hands of a few whales. Show To pay big DOGE holders to cancel their accounts.