Economist Steve Hanke, known as a staunch cryptocurrency skeptic, criticized Dorsey for making such "irresponsible" comments. , noting the fact that no country in the world, including Venezuela, is currently experiencing hyperinflation. The billionaire replied with the "tears of joy" emoji.
For this reason, the recent comment by Musk, who said he was worried about inflation, once again reopens the debate, especially at light of the fact that Musk is notoriously an open supporter of cryptocurrencies and bitcoin in particular, of which he also holds a huge amount. Like Dorsey, moreover, Elon Musk is also convinced that cryptocurrencies have the characteristics to protect savings from the constant inflation that affects traditional currencies and puts funds, especially small savers, at risk. But only the future will tell us if it will really be like this.