en
Back to the list

Elon Musk: Bitcoin Almost as Bad as Fiat Money, Dogecoin Reigns Supreme

source-logo  decrypt.co 20 December 2020 08:51, UTC

Is crypto some kind of joke to you, Elon Musk? Don't you know that our fractious community hangs onto your every mention of Bitcoin? So why, then, do you torment us so?

Musk, CEO of Tesla, SpaceX and self-titled "Lord" Edge, today tweeted that Bitcoin is his "safe word," which we hoped was a reference to Bitcoin's security as a safe haven asset and a hedge against the US dollar. Nope! Musk tweeted an hour later: "Just kidding, who needs a safe word anyway?!"

Just kidding? Who's laughing, Elon? Not Decrypt! 

Just kidding, who needs a safe word anyway!?

— Elon Musk (@elonmusk) December 20, 2020

Musk further ground our gears into dust when he tweeted a raucous, tasteless! image of a sultry woman whose genitals he had concealed with the Bitcoin logo. Next to the temptress was a monk, to whom Musk could presumably relate, with the caption, "Me trying to live a normal productive life."

At this juncture, Justin Sun, CEO of Tron, cut the tension when he tweeted, "Please consider taking #Bitcoin private at $100,000. Funding secured."

Undeterred, Musk tweeted the following:

Bitcoin is almost as bs as fiat money

— Elon Musk (@elonmusk) December 20, 2020

Bitcoin's price did not crash on the news, but our jaws, hearts, and hard drives did.

Musk then dealt his final blow. "One word: Doge," he tweeted. Following Musk's tweet, Dogecoin rose by 17%, from $0.0039 to $0.0046.

Come for the comments,
stay for the memes💄

— Elon Musk (@elonmusk) December 20, 2020

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
decrypt.co