The two crypto currencies reached new historical highs. The billionaire founder of Tesla, who with his purchases contributed to the rally, remains a supporter but puts an “asterisk” after the rally that proceeded.
As the price of bitcoin reaches a new all-time high and Ethereum gallops, billionaire Elon Musk returns and states that their price “looks expensive”.
The comment was made via Twitter in response to a post by Peter Schiff, who is negative towards crypto currencies, and is a follower of gold. He claimed on Twitter that gold is real money and better than bitcoin.
The founder of Tesla, who with his decision to invest in crypto currency boosted the price, replied that “an email saying that you have gold is not the same as having gold. Money is simply data that allows us to avoid the hassle of exchange. This data, like all data, is subject to latency and errors. The system will evolve to what minimizes both. ”
In addition to that he added that “Having said that, Bitcoin and Ethereum prices look high.”
The price of Bitcoin rose to a new record, $56,581 on Saturday, with the weekly rise reaching almost 18%. Ethereum hit a high of $2,041, setting a record for the third day in a row.