October 12, 2021
  • October 12, 2021

Elon Musk takes a look at the current state of cryptocurrency relevance

By on September 29, 2021 0

Source: Harish Jonnalagadda / Windows Central

At the Code 2021 conference in Beverly Hills, California, many big tech players showed up to give their thoughts on a variety of topics. One of those people was AMD CEO Lisa Su, who gave everyone a general estimate of when the big chip shortage is finally going to ease. Another notable person who showed up at the conference was Elon Musk.

Musk has been blunt about his crypto predictions. He saw the type of currency as having a role to play in the future, but nothing as overwhelming as some crypto speculators and devotees would claim.

“It is not possible to destroy crypto, but it is possible for governments to slow it down,” he said. It’s a line that could have been based on headlines in recent weeks and months, such as those stating that the U.S. government would sanction facets of crypto activity to deter ransomware attacks (or news that the China will ban crypto outright). But, just as half of the government of Musk’s statement is true, so too is the fact that crypto isn’t going to go away.

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Just recently, AMC Theaters announced that you’ll be able to use crypto to pay for movie tickets and concessions by the end of 2021. And it’s not the first company to take this kind of step.

The era of cryptography has begun. Now the choice is either to learn how to mine crypto and choose the best GPUs for mining crypto, or to hang on to physical currency and hope it holds its place in the new order. global.