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Tesla CEO Elon Musk believes crypto will empower the people over governments

elon musk

Cathie Wood, Jack Dorsey, and Elon Musk went live on Ark Invest’s channel on May 24. The three tech icons discussed what the future holds for cryptocurrency and what are bitcoin’s future prospects.

There were different opinions expressed by each of the personalities. However, having different viewpoints on different topics is actually very common. Despite this, there was one point of agreement among the three: the future of cryptocurrencies. The three agreed that cryptocurrencies would play a critical role in our future.

During the live conversation, each participant discussed how crypto could empower ordinary citizens.

Tesla’s Elon Musk firmly believes in crypto’s primary mission

According to Musk, cryptocurrencies are on their way to improving the entire concept of money one day. Furthermore, he said that the government would be less inclined to interfere in the market.

The billionaire says the government’s interference was a “mistake.” He says cryptocurrency will empower people by providing them with more control over the government.

The government is little more than a giant corporation. Elon thinks it’s weird that companies are detested while the government is praised. Tesla’s founder believes that individuals who dislike corporations should also oppose the government.

Catherine Wood, CEO of Ark Invest, said that cryptocurrencies do not only benefit corporations but can also help ordinary people combat rising inflation.

Jack Dorsey, the founder of Square and proponent of decentralization, acknowledged his role in the emergence of cryptocurrencies by outlining Square’s plans to offer simple and noncustodial solutions for storing and processing cryptocurrencies.

According to him, the current monetary policy is harmful and seeks to concentrate power in the hands of the wealthy.

According to these three experts, crypto will decentralize power and give individuals more influence than governments.

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