“I don’t spend a lot of time thinking about cryptocurrency—almost at all,” Elon Musk admitted to Ark Invest CEO Catherine Wood.
This is how the entrepreneur answered the question about the potential impact of bitcoins on the financial industry.
“I thought for a long time about money and its nature. What is money? In fact, it’s just a database for allocating resources,” Musk reasoned.
The businessman’s speech came amid reports that his company Tesla continues to hold digital assets on its balance sheet. According to its third-quarter results, the electric vehicle maker owns $184 million in digital assets. According to bitcointreasury.net, the company ranks third among companies holding BTC assets, behind MicroStrategy and Marathon Digital Holdings. Tesla also accepts Dogecoin as payment.
Musk recently said that none of his companies will issue crypto tokens. After the rebranding of Twitter, many crypto enthusiasts and journalists began to discuss the possibility of Musk launching the cryptocurrency X of the same name. Unknown people even reserved the xcoin.eth domain in case Musk decided to launch a token. But Musk himself denied such assumptions.
Source: Bits
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