AIRLINK 72.50 Increased By ▲ 3.30 (4.77%)
BOP 5.03 Increased By ▲ 0.13 (2.65%)
CNERGY 4.31 Increased By ▲ 0.05 (1.17%)
DFML 31.99 Increased By ▲ 0.74 (2.37%)
DGKC 80.60 Increased By ▲ 3.35 (4.34%)
FCCL 20.90 Increased By ▲ 0.90 (4.5%)
FFBL 34.89 Decreased By ▼ -0.11 (-0.31%)
FFL 9.29 Increased By ▲ 0.17 (1.86%)
GGL 9.84 Increased By ▲ 0.04 (0.41%)
HBL 113.35 Increased By ▲ 0.59 (0.52%)
HUBC 134.44 Increased By ▲ 1.40 (1.05%)
HUMNL 7.02 Increased By ▲ 0.07 (1.01%)
KEL 4.37 Increased By ▲ 0.14 (3.31%)
KOSM 4.38 Increased By ▲ 0.13 (3.06%)
MLCF 37.27 Increased By ▲ 0.67 (1.83%)
OGDC 135.13 Increased By ▲ 2.26 (1.7%)
PAEL 23.78 Increased By ▲ 1.14 (5.04%)
PIAA 24.75 Increased By ▲ 0.55 (2.27%)
PIBTL 6.52 Increased By ▲ 0.06 (0.93%)
PPL 120.72 Increased By ▲ 4.42 (3.8%)
PRL 26.45 Increased By ▲ 0.55 (2.12%)
PTC 13.29 Increased By ▲ 0.21 (1.61%)
SEARL 52.80 Increased By ▲ 0.80 (1.54%)
SNGP 71.00 Increased By ▲ 3.40 (5.03%)
SSGC 10.55 Increased By ▲ 0.01 (0.09%)
TELE 8.38 Increased By ▲ 0.10 (1.21%)
TPLP 11.13 Increased By ▲ 0.33 (3.06%)
TRG 60.90 Increased By ▲ 1.61 (2.72%)
UNITY 25.28 Increased By ▲ 0.15 (0.6%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 7,491 Increased By 81.9 (1.11%)
BR30 24,528 Increased By 491.2 (2.04%)
KSE100 71,485 Increased By 817.9 (1.16%)
KSE30 23,439 Increased By 215.4 (0.93%)

NEW YORK: Tesla Inc Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and cryptocurrencies, his support is with crypto.

“The true battle is between fiat & crypto. On balance, I support the latter,” he said on Twitter in reply to a user who asked him what his thoughts were about people who were angry at him because of crypto.

Musk has previously compared bitcoin to fiat money and often tweets about cryptocurrencies that have sent values for bitcoin and the meme digital currency dogecoin up and down.

In February, bitcoin shot higher after Tesla revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars.

However, bitcoin slumped after the billionaire announced in May that Tesla would no longer accept bitcoin for car purchases, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency.

Earlier this month, he also called the cryptocurrency a “hustle” during his guest-host spot on the “Saturday Night Live” comedy sketch TV show, leading prices to tumble.

Two days ago, Musk assured that he has not sold any of his dogecoin holdings and will not sell any.

Comments

Comments are closed.