RATE Group | Elon Musk Reveals His True Opinion on Bitcoin and Crypto
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Elon Musk Reveals His True Opinion on Bitcoin and Crypto

24 Jan Elon Musk Reveals His True Opinion on Bitcoin and Crypto

Posted at 16:41h in Cryptocurrency News by

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After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20 podcast. Noting that he’s “neither here nor there on Bitcoin,” Musk focused on its use for illegal transactions.

The billionaire has recently been in the spotlight for several short and cryptic tweets related to cryptocurrency. On Jan. 10 he published a tweet saying “Bitcoin is *not* my safe word.”

This follows an equally cryptic tweet from April 2019, saying “Cryptocurrency is my safe word.” 

But while they were generally considered to be jokes, especially in light of previous tweets where he pledged to take “Tesla private at $420,” Musk’s early history is deeply tied to the financial technology industry.

In 1999, Elon Musk founded X.com, an online bank that through later mergers became PayPal. He mentioned the company in the podcast, noting:

“If PayPal had executed the plan that I wanted to execute on, I think it…

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