After a week, Announcement of buying Bitcoin from Tesla, Now the founder of Tesla Elon Musk hints about the passion of Bitcoin and Blockchain system, during the dunking time on Peter Schiff, When Schiff criticized Elon Musk’s comment that Bitcoin is a flowed currency while he noted Bitcoin skeptic and Gold bug, He said, “According to Elon Musk “Bitcoin is almost as BS as fiat money.” So Musk regards both Bitcoin and fiat as BS. I agree, I just think Bitcoin, which is digital fiat, is even more BS than the paper fiat issued by central banks. Gold is not BS. It’s real money and better than both!”
He also added to that statement like, As an Engineer, The Tesla’s founder should know the difference between “tangible element” and a “string of numbers,” he always supports gold as a great utility in comparison to Bitcoin, he said “Money isn’t data. Data can represent money but can’t replace it. Money improved barter, gold improved money, and data improved #gold. Bitcoin is a return to barter. All sellers will accept money. With #Bitcoin you must find a seller who has what you want and wants what you have.”
And Tesla Founder Elon Musk doesn’t take the criticism very lightly, after one day, Elon replied in that way “An email saying you have gold is not the same as having gold. You might as well have crypto. Money is just data that allows us to avoid the inconvenience of barter. That data, like all data, is subject to latency & error. The system will evolve to that which minimizes both.” Basically, While Musk has been promoting DogeCoin, at that time Musk put a statement about the Bitcoin and ETH price that seems “high”.