Elon Musk on the future of Bitcoin and Cryptocurrencies

On Monday, Tesla and SpaceX CEO Ela Musk participated in the third series of Tesla’s podcasts to discuss various issues relating to its former companies, their news and their ideas about the future of technology. At one point in the conversation, Musk was asked about his ideas about bitcoins and other currencies, which you know a lot, as you know.

“I’m neither here nor there on Bitcoin,” said Misk, showing his general thoughts on financial technology.

Then Musk was asked to say how he felt after Satoshi Nakamoto first read Bitcoin, and Tesla’s CEO added, “I thought it was pretty clever.

While Musk views the value of Bitcoin as a tool for illegal transactions, it does not appear that the “digital gold” thesis is an asset in preserving value.

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