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Elon Musk Says Holding Bitcoin Is Less Dumb Than Cash, Disputes Peter Schiff's Claims About Money and BTC – Featured Bitcoin News.

Tesla and Spacex CEO Elon Musk has clarified his position on bitcoin.

Emphasizing that he is an engineer, not an investor, Musk says that bitcoin “is simply a less dumb form of liquidity than cash.” Musk also disputed gold bug Peter Schiff’s claims about bitcoin and commented on the price of the cryptocurrency.

Gold bug Peter Schiff, who recently bashed Musk and Tesla for buying bitcoin, tweeted Friday: “According to Elon Musk ‘Bitcoin is almost as BS as fiat money.’ So Musk regards both bitcoin and fiat as BS.”.

Refusing to give in to Musk, Schiff continued to express his opinion about gold, bitcoin, and money