In fact, Gates said in that he would short bitcoin if there were an easy way to do it.
This photograph taken on Dec. Sign up for our weekly email newsletter delving into climate science and life on a changing planet. Paul R. Federal Reserve, raised some doubts as well. Negative comments from Gates didn't help either.
Elon Musk says bitcoin is slightly better than holding cash
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Elon Musk says bitcoin seems high after surpassing $1 trillion market value
Saw blade flies off vehicle into Brampton, Ont. One dead, 5 injured following stabbing outside B. Ex-colleague of Ontario doctor Brian Nadler shocked to learn of murder charge. Zhao told Bloomberg in an interview that he was surprised that Musk was "so gung-ho on Dogecoin. In response, Musk tweeted that Tesla's bitcoin purchase "is not directly reflective" of his opinion. The Tesla CEO also said that he isn't an investor and doesn't even own any publicly traded stock aside from Tesla.
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He added that "when fiat currency has negative real interest, only a fool wouldn't look elsewhere. Bloomberg notes that the Tesla CEO's remarks highlight one of the markets' biggest problems right now. With governments pumping so much cash into the financial system due to the pandemic, investors are getting concerned about inflation and looking for other places to invest. Tesla is part of the Entrepreneur Index , which tracks 60 of the largest companies that are still managed by their founders. Although Musk said Tesla's bitcoin purchase doesn't reflect his opinion, it seems clear that he had something to do with it.
Elon Musk: Bitcoin Is “Brilliant” And “Paper Money Is Going Away”
The automaker probably wouldn't have bought the cryptocurrency if Musk hadn't become a believer in it recently. Some speculated that Tesla's bitcoin purchase would lead other major companies to dive into the cryptocurrency, but Fortune reports that it isn't happening. Gartner Finance conducted a survey earlier this month asking chief financial officers if they plan to buy bitcoin this year.