Zhitong Finance APP learned that on Monday, Tesla CEO Elon Musk was named "2021 Person of the Year" by Time magazine.
Musk is not only the founder and CEO of SpaceX, he also leads Neuralink, a brain-computer interface technology company, and The Boring Company, an infrastructure company. This year, Tesla's market capitalization soared to more than $1 trillion.
Edward Felsenthal, editor-in-chief of Time magazine, said: "Elon Musk was named Person of the Year 2021 by Time magazine for providing solutions to existential crises, embodying the possibilities and dangers of the age of tech giants, and driving the boldest and most disruptive changes in society. ”
Musk also once again expressed his support for Dogecoin in an interview after being selected as a prominent person. He said in October that he had invested in Dogecoin, Bitcoin and Ethereum.
Musk said: "Fundamentally, Bitcoin is not a good alternative to trading currencies. Although Dogecoin was coined as a silly joke, Dogecoin is better suited for trading. ”
He added: "The volume of transactions that use Bitcoin for transactions is low, and the cost per transaction is high. Bitcoin is more suitable as a store of value, which is why its investors want to hold it rather than sell it or use it for trading. ”
Musk is clearly bullish on cryptocurrencies, but he still doubts whether they will replace fiat currencies. He told Time magazine: "I don't hate fiat money as much as many people in the cryptocurrency world. ”
Financial experts still see cryptocurrencies as a volatile, risky and speculative investment. Experts suggest that cryptocurrency investors should only invest within the limits of what losses can afford.
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