Sun 23 May 2021:
Elon Musk is again tweeted that the “true battle is between fiat & crypto. On balance, I support the latter.” Bloomberg reported.
Bitcoin rose after Musk’s post, and was trading at around $38,700 as of 9:32 a.m. New York time.
n 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.”
Earlier in the week, Musk had tweeted that he won’t be selling any Dogecoin and he also posted a cryptic image of a dollar bill with a Shiba Inu dog replacing the face of a former US president.
Bitcoin ended the week in volatile territory after a new warning from Chinese officials over cracking down on cryptocurrencies. The earlier selloff on Friday hit Bitcoin believers still fuming after Musk did an about-face and criticized the token for its energy usage.
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