Musk defends Tesla Bitcoin move, says token less dumb than cash

Questioned about Telsa's investment into cryptocurrency, Elon Musk doubled down, calling Bitcoin "less dumb" than cash. — Reuters

Elon Musk called Tesla Inc.’s US$1.5 bil (RM6.07bil) Bitcoin bet an "adventurous enough” investment for the company, after one of the industry’s loudest acolytes called out the billionaire’s advocacy of lesser-known Dogecoin.

"Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P500 company, ” Musk wrote in a tweet, in response to a Bloomberg TV interview with Binance Holdings Ltd. CEO Changpeng Zhao.