Following the recent repression of crypto by the Chinese government, the founder of Space X has revealed his thoughts on why he thinks the Chinese government is acting the way they are.
He made this known on tuesday, 28th 2021 at the Code Conference in California. According to the Tesla C.E.O, "Part of it (the reason for the crackdown) may actually be due to electricity shortages in many parts of China. A lot of South China right now is having random power outages because the power demand is higher than expected... Crypto mining might be playing a role in that"
He also expressed support for crypto, declaring it 'indestructible'. Mr Musk further advised the United States government not to think of regulating crypto.