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On February 19, Musk responded to Binance CEO Changepeng Zhao’s comments to Bloomberg in which CZ Express his surprise at Tesla’s “gung-ho” statements regarding Dogecoin.
Tesla co-founder and hypothetical CEO of Dogecoin (DOGE), Elon Musk has affirmed that “only a fool” would not seek alternative investments to fiat money given the current interest rates on Twitter today.
During the interview, CZ hinted that Tesla’s recent decision to invest $ 1.5 billion or 7.7% of its cash in Bitcoin (BTC) was likely a testament to Musk’s deep support for Bitcoin.
On Twitter, Musk mentionned, “Tesla’s action does not directly reflect my opinion. Having Bitcoin, which is simply a less stupid form of liquidity than cash, is quite adventurous for an S & P500 business.
Responding to Musk’s insinuation that he personally holds DOGE in higher esteem than BTC, Blockstream CSO Samson Mow mentionned, “You are just sad you didn’t buy sooner.”
However, Musk also claimed that it would be foolish not to look for alternative investments when “fiat money has negative real interest”:
“When fiat money has negative real interest, only a fool wouldn’t look elsewhere. Bitcoin is almost as good as fiat money. The key word is “almost”. “
Elon Musk’s Twitter account was seen as the catalyst for Dogecoin’s spectacular takeover of the r / Wallstreetbets-led pump and dump that targeted the coin at the end of January, with the billionaire describing DOGE as “people’s crypto”.
However, Musk tweeted on February 15 to warn of the high concentration of the Dogecoin supply in the hands of a small number of whales, offer to pay major DOGE holders to cancel their accounts.
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