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Tesla CEO Elon Musk tweeted his support for crypto over fiat money on Saturday, with Bitcoin prices rising on the …
Good Subscriber Account active since Tesla CEO Elon Musk tweeted his support for crypto over fiat money on Saturday, with Bitcoin prices rising on the sentiment. “The true battle is between fiat and crypto,” Musk tweeted in response to a Twitter user asking him what he thinks about people who are “angry at him because of crypto.” “On balance, I support the latter.” Fiat money, which is the kind of currency used by most modern economies, is not backed by a physical commodity like gold.
