HomeCrypto NewsBitcoinElon Musk believes that cryptocurrencies will empower people

Elon Musk believes that cryptocurrencies will empower people

- Advertisement -

Elon Musk, along with Cathie Wood and Jack Dorsey, livestreamed May 24 on Ark Invest's channel.

They talked about various topics, including the future of cryptocurrencies and hope for bitcoin.

- Advertisement -

Everyone has their own opinionBut one thing all three agree on is the future of cryptocurrencies. All agree on important role of cryptocurrency in the future of the world.

Elon Musk says that one day, he hopes cryptocurrencies can make the concept of money more effective. He also said that this would make reduce interference government.

According to the billionaire, cryptocurrencies will benefit and empower people, giving them more control over the government.

Elon added that the government is no different from a large corporation. It is strange that people hate corporations and praise the state, he said. The Tesla founder believes that those who hate the corporation must also hate the government.

Cathi Wood, the head of Ark Invest said that cryptocurrencies not only provide opportunities for businesses but also help ordinary users against soaring inflation.

Twitter founder and Square CEO Jack Dorsey stated that current monetary policy is unfavorable and seeks to concentrate power in the hands of the most powerful.


See more:

5/5 - (1 votes)
- Advertisement -

Maybe you are interested

Deutsche Bank Analysts Think Bitcoin to $28K in December

  Deutsche Bank analysts forecast Bitcoin to recover 30% in December due to correlation with S&P 12.Bitcoin...

India's Central Bank Director: 'Cryptocurrencies Are a Clear Danger'

Cryptocurrencies are a “clear danger” and have the potential to disrupt financial stability, the governor of the Bank of...

Q2 2022 is the worst quarter in 11 years when Bitcoin price plummets without brakes

Bitcoin has seen its worst quarterly loss in 11 years with both price and blockchain activity…

Grayscale sues SEC over rejection of Bitcoin ETF Spot

Grayscale Investments filed a lawsuit with the U.S. Securities and Exchange Commission (SEC) just an hour after the agency...

SEC Rejects Grayscale Bitcoin ETF

The Securities and Exchange Commission (SEC) has rejected Grayscale's proposal to convert its product into...

Related posts

- Advertisement -