Saturday, May 4, 2024

Elon Musk; The Dollar Will be Worth Nothing

This is quite a headline to read in Forbes.  We know it’s coming, but no idea when.  The comment of “having some Bitcoin to feed your family”, is silly.  But what do you expect from a Bitcoin billionaire?

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Now, after an executive at Tesla billionaire Elon Musk's social media company X revealed the platforms payments "end goal," Musk has warned the U.S. dollar will soon be worth "nothing" as "stealth money printing" pushes the price of bitcoin, ethereum, XRP and crypto higher.

Musk's U.S. dollar collapse warning follows similar warnings from others. Last month, legendary bitcoin billionaire Tim Draper has issued a "cataclysmic" U.S. dollar prediction—warning the dollar will collapse by 2030.

"I hope anybody who's watching this is trying to at least have some bitcoin so that they can feed their family during the time when the dollar goes to zero," Draper, who has made billions from his $18 million 2014 purchase of almost 30,000 bitcoin from the U.S. government, told Cointelegraph.

 https://www.forbes.com/sites/digital-assets/2024/05/04/the-dollar-will-be-worth-nothing-elon-musk-issues-stark-fed-warning-as-stealth-money-printing-grinds-bitcoin-ethereum-and-xrp-price-higher/?sh=39a03c8165d3

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