Elon Musk considers the current rate of cryptocurrencies overstated

Elon Musk considers the current rate of cryptocurrencies overstated

February 21, 2021 0 By autotimesnews

Founder and CEO of Tesla Inc. Elon Musk considers the rate of cryptocurrencies, in particular bitcoin and ether, to be overvalued.

“Money is just data that allows us to avoid the inconvenience of bartering. This data, like all data, is prone to delays and errors. The system will evolve to minimize both. Therefore, I consider the price of bitcoin and ether overvalued “.

According to the cryptocurrency exchange Coindesk, as of 3:20 am on February 21, the cost of one bitcoin is $ 55,995.

On February 9, it became known that Elon Musk’s company Tesla bought Bitcoin cryptocurrencies for $ 1.5 billion. Then it caused a rise in the price of the crypt, which soon set a new record.