Musk trolls Buffett with a fake quote on Twitter and then deletes it – Bitcoin News Bitcoin
Elon Musk recently went after Bitcoin hater Warren Buffett and shared what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose social media comments moved the crypto markets this year, later removed the post with the apparently bogus Buffett statement.
Elon Musk finds Buffett’s “best financial advice”
Elon Musk, CEO of Tesla, tweeted a meme from famous American business tycoon Warren Buffett with a quote underneath: “Find as many coins as you can. And quick! ”Musk attributed the statement to Buffett, calling it his“ best financial advisor. ”The entrepreneur who turned crypto influencer said he found it on the internet.
In just a few hours, Musk’s most recent crypto tweet early Tuesday garnered thousands of likes and comments, but the post later disappeared from his Twitter account. The quote in the tweet is most likely faked or mistakenly attributed to the 90-year-old legendary investor who is, to say the least, a well-known critic of Bitcoin.
Warren Buffett has maintained a negative stance on cryptocurrencies over the years. In 2019, the Omaha Oracle said that “Bitcoin has no unique value at all” and called it a “sham”. In 2018, the CEO of Berkshire Hathaway stated that those who invest money in Bitcoin are not investing, but are speculating and gambling. “Probably squared rat poison” is probably Buffett’s most famous description of Bitcoin, given at the company’s annual meeting in May of that year.
On the flip side, Elon Musk has been a prominent proponent of cryptocurrencies, with few exceptions like this year’s decision to suspend BTC payments for the vehicles made by its electric car maker amid concerns about the increasing use of fossil fuels to power Bitcoin mining. The crypto economy lost billions after it was announced on Twitter.
However, Tesla’s $ 1.5 billion investment in Bitcoin earlier this year gave crypto markets a serious boost. In May, Musk reaffirmed his loyalty to decentralized money and declared that he would support the latter in the battle between fiat and crypto. He also said Tesla will resume adopting Bitcoin once confirmation of “reasonable” 50% clean energy use is confirmed by cryptocurrency miners.
Musk and Buffett have argued over business models in the past. In 2018, the Spacex founder said that “trenches are lame,” referring to a term popularized by Warren Buffett and emphasizing the importance of innovation. Buffett responded by warning Musk to stay away from his moat ventures. Musk then announced that he would start a new candy company to take over See’s Candies from Berkshire, which he will call “Cryptocandy”.
Why do you think Elon Musk removed his Warren Buffett tweet? Let us know in the comments section below.
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