MUSK: Tesla can be involved with crypto in the long run.

One can easily imagine Tesla and other

According to Musk: “ Crypto] bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure,” said the Tesla CEO.

Musk, however, also state that cryptocurrencies and said: “One of the downsides of crypto is that computationally it is quite energy intensive. So there have to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create the incremental Bitcoin at this point.”

Commenting on Tesla’s future plans in the crypto sector, he said: “It would not be a good use of Tesla resources to get involved in crypto. We’re just really trying to accelerate the advancement of sustainable energy.”

It is not the firs time Elon has commented about cryptos and the potential use of it. Last October he tweeted about the legitimacy of buying Crypto currencies like Bitcoin

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