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Tuesday, February 23, 2021

You're only as rich as your latest tweet

 

(Fair Use)

“Riding high in April, shot down in May” is a warning from the song That’s Life. 

Lest we become too full of ourselves, life has a way of throwing a curve just when we think we’ve got it made.  Even the world’s richest person can’t escape this fate.

So when Elon Musk recently tweeted that the prices of popular cryptocurrencies “do seem high,” his fortune slipped down a notch.  He is now merely the world’s second richest person, trailing somewhat behind rival Jeff Bezos.

Musk waxed philosophically about this, claiming that “money is just data that allows us to avoid the inconvenience of barter…”  So next time you’re tempted to borrow a cup of sugar in exchange for a stick of butter, think twice.  Perhaps bitcoin would be sweeter by far.

Resources

https://www.theguardian.com/technology/2021/feb/23/elon-musk-worlds-richest-person-tesla-shares-jeff-bezos-bitcoin-price

Copyright February 23, 2021 by Linda Van Slyke   All Rights Reserved

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