Tesla's CEO Elon Musk Sharing His Thoughts About Crypto

in #cryptolast year

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Related to crypto analysts have their own opinions. Every analyst or the business leader has a different opinion it's based on the knowledge and experience. Which they share time to time with others and give their own thoughts. In the same way, Elon Musk CEO of renowned car manufacturing company Tesla gives his thoughts about the crypto as an alternate payment system.

He said that “This sort of gets the crypto people angry, but there are transactions that are not within the balance of the law. And there are, obviously, many laws in different countries. And, normally, cash is used for these transactions. But, in order for illegal transactions to occur, cash must also be used for legal transactions. You need an illegal to the legal bridge. That’s where crypto comes in.”

More he said, “But not as a replacement for a primary — I do not see crypto being the primary database.”