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Elon Musk On Bitcoin, Other Cryptocurrencies: I Pump But I Don't Dump

Elon Musk On Bitcoin, Other Cryptocurrencies: I Pump But I Don't Dump
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Bitcoin jumps 9.8% to $39,035 after Elon Musk's tweet

Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy

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elon musk: Elon Musk tweets he supports crypto in battle against fiat currencies

By Tiago Ramos Alfaro
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 to trade at around $38,150 as of 12:27 p.m. London time.
Musk has made similar comments before, including in December when he tweeted that “Bitcoin is almost as bs as fiat money.” In February, he elaborated to say that “when fiat currency has negative real interest, only a fool wouldn’t look elsewhere.”

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Owning bitcoin slightly better than holding cash, says Elon Musk

Owning bitcoin slightly better than holding cash, says Elon Musk
Bitcoin was steady just below a record peak of $51,284 on Friday
Reuters | February 19, 2021 | Updated 14:54 IST
Tesla Inc CEO Elon Musk
Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold.
"However, when fiat currency has negative real interest, only a fool wouldn't look elsewhere," Musk said in a tweet. "Bitcoin is almost as bs as fiat money. The key word is 'almost'."
He also defended Tesla's action to invest in bitcoin, saying that the difference with cash made it "adventurous enough" for the S&P 500 company to hold the cryptocurrency.

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