In a recent interview with podcaster Joe Rogan, Elon Musk bashed inflation — a problem that Bitcoin (BTC) fixes.

Some of the current The states population sees the economy as an ever-flowing souvenir handbasket that will keep providing essentials fifty-fifty while the land is shut downward from its regular workflow, Musk told Rogan on Thursday.

"This notion though, that you can but sort of ship checks out to everybody and things will exist fine, is not true," Musk said referring to stimulus money the U.Due south. government sent to citizens.

The authorities cannot logically sustain its money printing efforts

In an endeavour to right the currently struggling financial shift, the U.S. government has taken the cap off its money printer, putting a $ii trillion stimulus package in play.

Only printing money without producing appurtenances or services does not work, according to Musk. "If you don't brand stuff, there's no stuff," he said. "You can't but legislate money and solve these things."

Bitcoin solves this

Congenital with a limited maximum 21-million coin supply, Bitcoin does non permit aggrandizement. The but inflation seen in Bitcoin lies in its mining advantage, which adds to its circulating supply from its maximum cap. Short of a consensus-driven hard fork to Bitcoin'south blockchain, that cap can never be raised.

Musk and Rogan failed to mention Bitcoin during the lengthy 2-hr interview nonetheless, according to a transcript browse of the chat.

Golden bug Peter Schiff also weighed in on the interview with a tweet on Musk's comments. "Once foreign demand for dollars crashes, and we can't import the stuff others make, at that place's likewise no stuff," Schiff said, also failing to mention Bitcoin as a part of a possible solution.

Schiff has fabricated a name for himself as an anti-Bitcoin personality. Musk only reportedly owns roughly 0.25 BTC himself, equally of 2022.