Sunday, December 4

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Elon Musk tried to help explain Bitcoin to J.K. Rowling in a bizarre Twitter exchange, and said central banks have made cryptocurrency ‘look solid by comparison’ | Currency News | Financial and Business News
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Elon Musk tried to help explain Bitcoin to J.K. Rowling in a bizarre Twitter exchange, and said central banks have made cryptocurrency ‘look solid by comparison’ | Currency News | Financial and Business News

AP/Business Insider JK Rowling asked Twitter to explain bitcoin to her, and was bombarded by replies — including from Elon Musk. Rowling ultimately gave up engaging with the topic, a decision Musk supported. In the process, he took a swipe at conventional central banks, which he said had undermined their credibility and made even bitcoin "look solid by comparison." Banks like the Federal Reserve and European Central Bank have pumped trillions of dollars into the global economy via quantitative easing programs. Many of these have been expanded in an attempt to mitigate the economic fallout of the coronavirus pandemic. Visit Business Insider's homepage for more stories. Elon Musk intervened in a Twitter thread to attempt to explain bitcoin to J.K. Rowling, and ended up attacking centr...