Elon Musk dismisses Bitcoin as "almost as bad as Fiat" in tweet to Bloomberg. Comes in the aftermath of his company's acquisition of $1.5 billion worth of Bitcoin. In the past, Musk has shown his support for BTC and even confessed his disappointment at not buying it sooner. Despite being called out on the purchase, Musk dismissed it as not representative of his view. He still supports Dogecoin over Bitcoin and has proudly displayed it on his Twitter bio.