Elon Musk, CEO of Tesla and SpaceX, recently attended a podcast in which he discussed his views on Bitcoin, saying that it is “neither here nor there.”

Elon Musk’s opinion on crypto:

Elon Musk has become a popular internet personality over the past few years.

He participated in many podcasts, and his character became a huge part of the online meme community.

Previously, several views were assumed about Elon Musk’s opinion on cryptocurrencies, but none of them were confirmed by him.

Elon posted several tweets referring to cryptocurrencies such as Bitcoin, Ethereum and even Dogecoin which he said was his favorite concept of crypto.

However, he has never admitted to being a user or investor in cryptocurrency, nor has he ever made his position clear until now.

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Recently, Musk appeared on an episode of the “Third Row Tesla Podcast”, where he discussed various topics, and cryptocurrency eventually emerged as a topic of discussion as well.

His hosts asked him what he thought of bitcoin directly, and Musk gave a cryptic answer, saying it was “neither here nor there.”

In the video below, go to the minute 1.33.00:

Musk’s opinion on Bitcoin:

Fortunately this time, he didn’t leave it with a short answer, instead explaining his views on crypto, revealing that he likes the concept of bitcoin and thinks it’s “smart”.

However he also has concerns about its role in illegal transactions, stating:

There are transactions that are not within the balance of the law.

Obviously, there are many laws in different countries.

Usually cash is used for these transactions, but for illegal transactions to occur.

You need an illegal bridge This is where crypto comes in.

Musk admitted that crypto is not “dark,” referring to the use of crypto on the dark web where ordinary things can be bought with Bitcoin.

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He also noted that there are places that no longer accept cash, which indicates that there are certainly opportunities to use crypto from a legal point of view.

Musk concluded by saying that he could see crypto as an alternative to cash, but not as a primary database as he put it.

Of course Bitcoin has had a role in illegal transactions, especially on the dark web, which is no secret.

In fact, cryptocurrencies spent more time in the shade than in the daylight.

It is worth noting that Bitcoin only became “big” in 2017, when the price of Bitcoin began to rise, causing the biggest bullish wave that has been seen in the entire history of crypto to this day.

Read:Report: The volume of trading in the “dark web” market will reach one billion dollars in 2019

Prior to that, crypto was used by tech professionals and cybercriminals, and there were numerous reports of large amounts of bitcoin being seized after authorities took action against dark web operations.

Despite this, Musk indicated that he is not trying to be a judge of crypto

In fact he believes that there are a lot of illegal things that should not be illegal in his opinion.

The crypto community has finally received Elon Musk’s official views on crypto and bitcoin.

In other words, Musk seems to believe that the fate of crypto has not yet been decided, especially its role in the future of finance.

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