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Elon Musk, the CEO of Tesla, gave evasive answers to questions about Bitcoin and cryptocurrencies at an event hosted by Cathie Wood. Wood stated before the speech that she would discuss Bitcoin, artificial intelligence and other issues with Musk. However, it was noteworthy that Musk said he did not think much about cryptocurrencies and did not spend time on this issue.
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Cathie Wood asked Musk about the potential impacts of Bitcoin in the financial markets. However, Elon Musk avoided giving a clear answer to this question. Musk said that he didn’t spend much time thinking about cryptocurrencies and thought it was okay as long as fiat money did not inflate. However, he emphasized that government should not abuse the printing of money.
These comments disappoint the crypto community. The community had high hopes for Musk’s integrations on Dogecoin and Bitcoin’s X platform. However, Musk’s statements made crypto integration seem like a distant possibility.
Musk’s attitudes and statements about cryptocurrencies are closely followed by a wide investor base and can affect fluctuations in the crypto market.
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