Elon Musk says Bitcoin is not ‘real economy’. Here’s what Tesla CEO thinks it is
Weekends have not been welcoming for cryptocurrencies for past some time, and to add to the growing woes, Tesla CEO Elon Musk has again rattled the digital coins through his social media posts.
On Sunday, Musk tweeted that “Goods & Services are the real economy, any form of money is simply the accounting thereof.”
Bitcoin’s average swing on Saturdays and Sundays this year comes in at 5.35%. The world’s largest digital coin slipped to trade around $35,541 as of 5:30 am in New Delhi, down 4.12% in the past 24 hours.
After a onslaught of brickbats from crypto investors, Musk sought to defend his position on Bitcoin in his own way, “Don’t kill what you hate, Save what you love”.