Musk says he supports crypto in battle against fiat money

Musk says he supports crypto in battle against fiat money

Fiat money is a government-issued currency that is not backed by a commodity. The true battle is between fiat & & crypto. On balance, I support the latter. — Elon Musk (@elonmusk) May 22, 2021 The price of bitcoin rose to over $38,370 shortly after Musks tweet. The cryptocurrency slid back to trade at $35,895 …

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