In a rare comment from Elon Musk on cryptocurrency, the Tesla and SpaceX founder said that Bitcoin “is quite brilliant.” He continued: “Paper money is going away and crypto is a far better way to transfer value than pieces of paper, that’s for sure, but it has its pros and cons.” Musk also gave Ethereum props on the ARK Investment podcast Tuesday (listen here): “There seems like there is some merit to Ethereum as well.” Elon Musk: Bitcoin Is Brilliant, But Tesla’s Not Going Full-Crypto It’s a strong endorsement of cryptocurrency and Bitcoin coming from Silicon Valley wunderkind Elon Musk,
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