Elon Musk said that now “only a fool” is not looking for an alternative to paper currencies for investment

Elon Musk said that due to the rapid depreciation of fiat money, now «only a fool» not looking for other investment options.

He said this by answering today in Twitter to the Binance CEO’s comment on Musk’s fanatical commitment to Dogecoin.

Elon Musk said that now only a fool is not looking for an alternative to paper currencies for

In an interview with Bloomberg, Cheinpeng Zhao expressed his surprise at the excessive support of the head of Tesla for the cryptocurrency project based on the meme, and the huge investment in Bitcoin..

Elon Musk responded by stating that the $ 1.5 billion purchase by BTC reflects more than just his views. He does not deny that the allocation of a part of the investment portfolio for cryptocurrency is associated with a certain risk, but he considers this form of investment less stupid than keeping cash..

Elon Musk said that now 'only a fool' is not looking for an alternative to paper currencies for investment

Adding that during the depreciation of fiat, only a fool will not look for alternatives, and bitcoin is almost as good as paper money.

At the same time, Musk is far from alone in his views. A recent Gartner study found that one in 20 business leaders plans to invest a portion of their firm’s funds in BTC in 2021..

text: Ivan Malichenko, photo: Getty Images

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