Former U.S. Treasury Secretary Lawrence H. Summers recently compared crypto to gold as a safe haven asset. ELON Musk is again tweeting about technology and cryptocurrencies, and this time he’s clear on where his support is at. In a thread started by Musk himself comparing magic to technology where someone asked what he thought about people "who are angry at you because of crypto, ” the Tesla Inc. CEO tweeted that the "true battle is between fiat & crypto. On balance, I support the latter.” Bitcoin rose after Musk’s post, and was trading at around $38,700 as of 9:32 a.m. New York time.