"Hardly Any At All" Crypto, According to Musk

Tesla CEO Elon Musk revealed to the world on December 21 on the X platform, formerly known as Twitter, 

that he is not thinking much about cryptocurrencies these days. Musk said to Ark Invest CEO Cathie Wood,

"I don't spend a lot of time thinking about cryptocurrency—hardly any at all."Wood had questioned Musk about the potential effects of bitcoin, 

the biggest cryptocurrency in the world, on the financial system. Musk said, "I have been thinking about money and its nature for a long time." 

What is the definition of money? In actuality, it's a resource allocation database.According to Musk, 

fiat currencies such as the US dollar are "actually fine as a database for resource allocation" provided the federal government does not misuse them. 

Consider it as an information system," he advised. "You want to keep delay, packet loss, 

and noise to a minimum. Therefore, inflation would increase the system's noise.

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