May 8, 2021
Business News

Elon Musk calls Bitcoin ‘bs,’ sends rival Dogecoin up 20 percent – New York Post

Elon Musk called Bitcoin “bs” in a series of bizarre weekend tweets that also sent the price of a rival cryptocurrency soaring.
The world’s second-richest man appeared to question the legitimacy of all cryptocurrencies during an early morning rant before later toying with the idea of converting the cash on Tesla’s balance sheet into digital money, which has been on a tear.
“Bitcoin is almost as bs as fiat money,” he wrote at 4:24 a.m. New York time, referring to a term for government-issued currency…

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