Tesla’s CEO, Elon Musk always showed up as the one who extensively supports Bitcoin. This is for the third in the past few months that he made bullish comments regarding Bitcoin. Recently, he targeted famous author, J.K. Rowling on Twitter where she tweeted regarding Bitcoin. Musk has compared the <a href="https://www.cryptoknowmics.com/news/top-cryptocurrency-index-funds-in-2020/" target="_blank" rel="noopener">cryptocurrency and fiat money</a> and has said that Bitcoin is far more solid than fiat currency.
<blockquote class="twitter-tweet">
Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet ? money look solid by comparison
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1261416824459030529?ref_src=twsrc%5Etfw">May 15, 2020</a></blockquote>
<h2>Tesla’s CEO believes Bitcoin to be better than Fiat</h2>
In the recent Tweet of Tesla’s CEO, it is quite clear that he believes Bitcoin to be far better than the fiat currency. He has said that the central banks are issuing huge amounts of currencies which is indicating that Bitcoin is quite solid as compared to fiat.

This claim by Tesla’s CEO could be backed by what Jimmy Song, the famous Bitcoin programmer has observed. He has revealed that the U.S. Dollars stock has increased massively by $2.3 trillion that too within three months. It has been noticed that this is the fastest growth ever till date in fiat money. Not only Musk, but other people have also supported Bitcoin in the comments of his recent tweet.

Back in 2019, both SpaceX and Tesla CEO have said that the structure of Bitcoin is brilliant. Musk has also said that he believes cryptocurrency is much value as compared to the regular paper money.
<h2>Billionaires getting attracted towards Bitcoin</h2>
It has been noticed that not only Tesla’s CEO, other billionaires are also there who are getting attracted towards Bitcoin. Recently, Paul Tudor Jones, a hedge fund manager and billionaire has also revealed that he is also investing in Bitcoin. This kind of announcement from such a huge personality will bring many investors towards Bitcoin. From these moves, it is quite clear that people have started losing hopes towards the centrally based fiat currency and have started moving towards crypto and particularly Bitcoin.

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Tesla’s CEO Strikes J.K. Rowling by Comparing Bitcoin and Fiat

Tesla’s CEO Elon Musk, the huge Bitcoin supporter recently targeted famous author J.K. Rowling on Twitter where she tweeted regarding Bitcoin.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Tesla’s CEO Strikes J.K. Rowling by Comparing Bitcoin and Fiat

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