Tesla CEO and DOGE lover Elon Musk made important statements about cryptocurrencies at the conference he attended on September 28. Elon Musk also commented on the Chinese ban. Billionaire’s statements Cryptocoin. com, we have compiled it for you, let’s examine it together…
Elon Musk comments on the Chinese cryptocurrency ban: They don’t like it!
Tesla CEO Elon Musk believes that governments cannot destroy cryptocurrencies. Elon Musk discussed China’s most severe cryptocurrency ban to date at the Code Conference held on September 28. According to Elon Musk, in light of recent events, the Chinese government does not like cryptocurrencies.
While Elon Musk cannot say exactly what is behind this hostility, he suggests that the Chinese Communist Party has been hostile towards cryptocurrencies as it poses a threat to the central government. Saying that cryptocurrencies are his “safe word”, Elon Musk also criticized China’s crypto bans. Elon Musk adds the following to his statements on the subject:
I guess cryptocurrencies are basically aiming to undermine the power of the central government and they don’t like it, my guess is…
Elon Musk: It is impossible to “destroy” cryptocurrencies!
Elon Musk thinks cryptocurrencies are valuable because governments can’t control it. Elon Musk adds the following to his statements on the subject:
You know, when the governmentdollarser can’t keep their hands off the cookie jar and edit the money database, it probably has some value.
In the continuation of his statements, Elon Musk commented on his ability to move the market with a single tweet, half jokingly concluding that if the market goes up, it is a good thing. “This is a good thing, of course when the price goes up…” Elon Musk said. However, Elon Musk believes there is a “long-term goal” for cryptocurrencies. The billionaire adds that it is impossible to “destroy” cryptocurrencies, but he also believes that governments will likely slow down market progress.
Elon Musk: There is some value in cryptocurrencies!
Elon Musk also believes that the US Securities and Exchange Commission should “do nothing” when it comes to crypto regulations. However, the Tesla boss also made it clear that he does not see cryptocurrencies as the second coming of Christ. Elon Musk adds the following to his statements on the subject:
I wouldn’t say I’m a big crypto expert… There is some value in cryptocurrencies. I don’t think it’s like the second coming of Christ… I hope it reduces the error and delay in the monetary system. I know about payments, the monetary system and how they work. Contrary to many websites that say this system works, I don’t think so. The monetary system often consists of heterogeneous databases. This is also slow and insecure.