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Money is just a piece of information that avoids the inconvenience of bartering, said American businessman Elon Musk.
The American businessman, founder of SpaceX and Tesla, Elon Musk, considers that the rates of cryptocurrencies, in particular, bitcoin and ether, are overvalued. About this he wrote on Twitter on February 20.
“Money is just data that allows us to avoid the inconvenience of bartering. This data, like all others, is prone to lags and errors. The system will evolve to minimize both. Therefore, I consider that the price of bitcoin and ether is overrated “, – he said.
Screenshot: Elon Musk / Twitter
On February 20, the cost of bitcoin renewed its all-time high, when it reached $ 57 thousand. Now, according to the cryptocurrency exchange Coindesk, the rate of this cryptocurrency is $ 56,199.
Reuters noted that the cryptocurrency rate is growing thanks to the demand from large investors who hope that cryptocurrency will become the main payment method. According to the agency, some investors were previously held back by the opaque nature of the cryptocurrency market. Strengthening oversight of the US crypto industry has helped address this issue.
Entrepreneur Elon Musk’s American car company Tesla has invested $ 1.5 billion in bitcoins. After the publication of this information on February 8, the price of bitcoin increased by 13%, topping $ 44.7 thousand.
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