Sumary of Tesla’s Musk not dumping bitcoin:
- DETROIT: Tesla founder Elon Musk said on Wednesday (Thursday in Manila) he personally has invested in Bitcoin and other cryptocurrencies but that he does not manipulate or “dump” the digital currencies.
- In a wide-ranging online panel discussion that included Twitter and Square founder Jack Dorsey, Musk said he believes in cryptocurrencies as a way to “increase the power of the individual in relation to government,” and that he has invested in Ethereum and Dogecoin in addition to Bitcoin.
- ” Dorsey, whose Square digital payments firm recently announced plans for a Bitcoin wallet, said he is a staunch believer in the currency as a way to reduce transaction costs and improve people’s lives.
- He said he sees Bitcoin as a “native currency” for the internet that allows more people to easily make cross-border payments and supports different online business models.