Elon Musk calls cryptocurrency 'brilliant' while predicting the end of paper money...

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The Tesla and SpaceX founder shared his thoughts on cryptocurrency on the ARK Invest podcast, stating:

"Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper" but as far as his companies getting involved "I don’t think it would be a good use of Tesla’s resources"

However, some of the companies in his portfolio likely will - as many have remarked that cryptocurrency will be how artificial intelligence powered devices will spend and receive money.

His past experiences with the crypto world haven't been great, as Ethereum scammers have stolen his identity on Twitter countless times.  Posing as Musk they tweet that he's doing an ETH giveaway, just send 1 and get 10 back... I think you know how this ends. (That story here)

There's no denying the advantages of cryptocurrency over fiat, as Musk made clear today.

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Author: Mark Pippen
London News Desk


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