HomeCrypto NewsBitcoinElon Musk believes that cryptocurrencies will empower people

Elon Musk believes that cryptocurrencies will empower people

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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.

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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.

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