Even Elon Musk doesn’t buy into the Bitcoin hype

Elon Musk Bitcoin

Although Bitcoin has captured the hearts and minds of amateur gamblers and Ponzi schemers, it's still an orphan child among most financial managers. Warren Buffett thinks the crypto-currency "will come to a bad ending," while his long-time adviser Charlie Munger described it as "noxious poison."

Now, Elon Musk doesn't fit any stereotype about multibillionaire CEOs -- unless you've been watching too many Iron Man reruns -- but he also doesn't appear to be on the hype train. He does own a tiny amount of Bitcoin, but as he recently revealed, it's not even enough to buy new tires for his Tesla.

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Even Elon Musk doesn’t buy into the Bitcoin hype originally appeared on BGR.com on Fri, 23 Feb 2018 at 21:16:03 EDT. Please see our terms for use of feeds.

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