Breaking News: Musk stated that in the current market environment, purchasing Bitcoin is a risky investment worth considering for public companies.

Binance founder Zhao Changpeng (CZ) expressed surprise in a Bloomberg interview today at Elon Musk's fascination with Dogecoin. Dogecoin was initially created as a joke, but over time, it has gained popularity and respect in the market. Zhao Changpeng also emphasized that despite Elon Musk's fondness for Dogecoin, Tesla ultimately chose to purchase Bitcoin.

Binance founder Zhao Changpeng (CZ) expressed surprise in an interview with Bloomberg today, stating that he was quite amazed by Elon Musk's fascination with Dogecoin. Dogecoin was initially created as a joke, but over time, it has gained popularity and respect in the market. However, Zhao Changpeng also emphasized that despite Elon Musk's love for Dogecoin, Tesla ultimately chose to purchase Bitcoin.

"I'm surprised that Elon's so gung-ho on Doge coin," says Changpeng Zhao, CEO of Binance, world’s largest #cryptocurrency exchange by volume, which launched futures for $DOGE. But he notes that @elonmusk's Tesla bet $1.5 billion on #Bitcoin, not Dogecoin https://t.co/POz36hPpC9 pic.twitter.com/oxjI9U0SQa

— Bloomberg (@business) February 19, 2021

However, this less than 1-minute video unexpectedly prompted Elon Musk himself to respond. Elon Musk stated that Tesla's actions do not directly reflect his personal views and that for a company in the S&P 500, having some liquid assets (referring to Bitcoin) that are not as foolish as cash is a worthwhile investment.

Elon Musk emphasized that he is just an engineer, not an investor, and he has never held any stocks other than Tesla. However, he pointed out that when real interest rates on fiat currencies turn negative, only fools wouldn't put their assets elsewhere.

“Bitcoin is almost as bs as fiat money. The key word is 'almost'”