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Tesla’s Elon Musk says bitcoin is a better investment than cash

Musk said 'only a fool' wouldn't look to invest elsewhere

Billionaire Elon Musk says bitcoin is a better investment than owning fiat currency
Billionaire Elon Musk says bitcoin is a better investment than owning fiat currency Photo: Getty Images

Billionaire Elon Musk has said bitcoin is a better investment than owning fiat currency — but only just.

Following his firm Tesla’s $1.5bn bitcoin purchase earlier this month, Musk tweeted on 19 February that “when fiat currency has negative real interest, only a fool wouldn’t look elsewhere”.

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