Elon Musk again tweeted in support of cryptocurrency, wrote…


Tesla chief Elon Musk said in a tweet on Saturday that he would favor cryptocurrency if he had to choose between a government-issued currency (fiat currency) and a cryptocurrency. In response to a question asked by an angry user on Twitter about crypto, he said, “The real competition is between fiat and crypto. I support crypto in terms of balance.”

Musk recently bought bitcoin (price in india) compared to fiat money. He often tweets about cryptocurrency and its impact on bitcoin and meme-based digital currency Dodgecoin.price in india) appears at the prices.

Bitcoin prices skyrocketed in February as Tesla announced that it had invested $1.5 billion (about Rs 10,990 crore) in it and would soon accept it as payment for a car.

However, just after that, another statement came from him that now Tesla will no longer accept bitcoin as payment during car sales. The reason behind the statement, he said, was the ill-effects of bitcoin mining on the environment. Since then the price of bitcoin started coming down again.

At the beginning of May, he called CryptoKitties a “hustle” on a Saturday Night Live comedy TV show. Since then the prices started to fall further.
Two days ago, a statement of his came out that he has not and will not sell any of his Dodgecoin holdings.


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