According to @elonmusk “Bitcoin is almost as BS as fiat money.” So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin, which is digital fiat, is even more BS than the paper fiat issued by central banks. #Gold is not BS. It’s real money and better than both!
Commenting on a tweet by Peter Schiff, Chief Market Strategist, Europac, in which he vouched for gold, Musk said an “email saying you have gold is not the same as having gold”. “You might as well have crypto,” he added. Another tweet by Musk on Tesla’s Model Y Standard Range SUV, saying it is available “off the menu” as the SUV is yet to meet “Tesla’s standard of excellence”, also caused a fall in its share.
Bezos, who had held the title of the world’s richest person for over three years until last month, had regained his number one position with a net worth of $191.2 billion for a brief period this week, knocking off the Tesla chief from the top spot.