empty
 
 
Elon Musk decides in favor of crypto assets
03-06-2021 14:14
Elon Musk decides in favor of crypto assets
Elon Musk decides in favor of crypto assets

The movers and shakers of the world have to solve issues which common people never deal with. Owners of large wealth have to decide on how to multiply their capitals and savings. As soon as crypto currencies entered the modern society and became mainstream payment means and investment, tycoons have been tempted to allocate some space for digital tokens in their investment portfolios. They face a dilemma. Will they benefit more from fiat or crypto money? Elon Musk, who is Tesla and SpaceX CEO and the leader in Forbes ratings, is also mulling over his investment opportunities. The genius entrepreneur and engineer seems to have decided in favor of digital currencies. 

"The true battle is between fiat & crypto. On balance, I support the latter," the high-tech mogul wrote in his Twitter account. However, Elon Musk has gone a long way from flat rejection of virtual money towards approval. Originally, he advocated for cryptocurrencies and even turned his hand to developing the Dogecoin project. Elon Musk found this idea promising. Later, he termed the project a scam. Besides, Tesla suspended payments for electric cars in Bitcoins. Environmentally-conscious Tesla CEO posted a chart of Bitcoin's power consumption and said: "Energy usage trend over past few months is insane." In the same tweet, he noted that the company is interested in other more efficient crypto projects.             

 

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback