Elon Musk has created a new controversy by calling Fiat currency a scam. The speculation of reason has begun on this.

Satire on crypto opponents?

     Crypto opponents, on some pretext or another, keep calling Bitcoin and other cryptos scams; hence, they keep having disputes with crypto supporters. Elon Musk has been a supporter of crypto; his 'fiat is scan' satire is becoming a mockery against anti-crypto people.

A business strategy?

     Elon Musk is a businessman; he will focus on what will benefit him. Recently, a news is circling that Japanese car manufacturer Honda has started accepting Bitcoin and Ethereum. So,  Dogecoin supporters are also putting pressure on Musk for Tesla.

Political encouragement from Trump?

     There is nothing good between Musk and Biden. Recently, the Biden administration hinted at taking action against Musk by accusing X of spreading rumours. Musk has made this new claim when the US Supreme Court gave Trump permission to contest the presidential elections.