Crypto is impossible to destroy, says Tesla CEO Elon Musk. As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it indestructible.
In a recent interview, Musk was asked about his thoughts on crypto regulation. He responded by saying that crypto is “impossible to destroy” and that it’s “here to stay.”
Musk’s comments come as regulators around the world are taking a closer look at the crypto industry. In the United States, the Securities and Exchange Commission (SEC) has been cracking down on initial coin offerings (ICOs) and has sent subpoenas to a number of major crypto exchanges.
In China, crypto exchanges are banned and the government has been cracking down on crypto miners. And in South Korea, a new set of regulations has been proposed that would ban anonymous crypto trading and impose strict know-your-customer (KYC) requirements.
Despite the increased regulatory scrutiny, Musk remains bullish on crypto. He believes that crypto is “impossible to destroy” and that it will continue to thrive.
Only time will tell how the global regulatory landscape will shape up. But for now, it seems that Musk is confident that crypto is here to stay.