Despite being not 'ideal,' Elon Musk believes digital assets are the best form of money that ever existed.
Despite being not “ideal,” Elon Musk believes digital assets are the best form of money that ever existed.
The entrepreneur once again claimed that Bitcoin’s main use case is a store of wealth, while Dogecoin is better suited for payments.with Lex Fridman, one of the most influential individuals in the cryptocurrency space – Elon Musk – reiterated his support towards the digital asset industry. According to him, the current financial system based on fiat currencies is far from perfect since the governments can “dilute the money supply” with their mass printing and cause inflation.
“Think of money as a database for resource allocation across time and space. In what form should that data system be most effective.” “I don’t know who created bitcoin for practical purposes, but the evolution of ideas is pretty clear before that, and it seems like Nick Szabo is probably more than anyone else responsible for the evolution of those ideas.”
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