Musk says he supports crypto in battle with fiat money – Reuters

Might 22 (Reuters) – (This May 22 story corrects paragraph 6 to make clear Musk called “dogecoin” a hustle, not bitcoin)Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk tweeted on Saturday that in a battle in between fiat and cryptocurrencies, his support is with crypto. On balance, I support the latter,” he said on Twitter in reply to a user who asked him what his thoughts were about people who were mad at him due to the fact that of crypto.Musk has previously compared bitcoin to fiat cash and frequently tweets about cryptocurrencies that have sent values for bitcoin and the meme digital currency dogecoin up and down.In February, bitcoin shot higher after Tesla exposed it had actually purchased $1.5 billion of the cryptocurrency and would soon accept it as a type of payment for cars and trucks.