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    1. Home
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    3. >Elon Musk says bitcoin is slightly better than holding cash
    Finance

    Elon Musk Says Bitcoin Is Slightly Better Than Holding Cash

    Published by linker 5

    Posted on February 19, 2021

    1 min read

    Last updated: January 21, 2026

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    Elon Musk, CEO of Tesla, shares insights on bitcoin's advantages over cash, highlighting its potential as a better asset amid negative real interest rates. This image relates to his recent comments on cryptocurrency and investment strategies.
    Elon Musk discussing bitcoin as a better asset than cash - Global Banking & Finance Review
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    (Reuters) – Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold.

    “However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere,” Musk said in a tweet. “Bitcoin is almost as bs as fiat money. The key word is ‘almost’.”

    He also defended Tesla’s action to invest in bitcoin, saying that the difference with cash made it “adventurous enough” for the S&P 500 company to hold the cryptocurrency.

    Tesla’s $1.5 billion bitcoin purchase set the cryptocurrency soaring toward this week’s record peak above $50,000 while Musk’s recent promotion of dogecoin on Twitter also lifted the price of that cryptocurrency.

    Bitcoin was steady just below a record peak of $51,284 on Friday.

    (Reporting by Aishwarya Nair and Shubham Kalia in Bengaluru; Editing by Sam Holmes)

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