Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, ... [+] east China, Jan. 7, 2020. “I’m neither here nor there on Bitcoin,” said Musk in terms of his general thoughts on the financial technology. Crypto is For Censorship Resistant TransactionsAs Musk dove deeper into his general thoughts and feelings on Bitcoin, his general thesis on crypto became much clearer. But, in order for illegal transactions to occur, cash must also be used for legal transactions. In his final comment on the topic of Bitcoin, Musk clarified that he does not have some sort of moral objection to crypto.

Source: Forbes January 23, 2020 17:26 UTC