Elon Musk has been announced as TIME’s 2021 Person of the Year after an online vote organised by Times Magazine on 10 potential individual that left life changing impact in 2021, the controversial billionaire, who helms both Tesla and SpaceX, and cryptocurrency investor has plans for what he calls “a futuristic Noah’s ark.”
But that doesn’t mean he’s focused solely on the interplanetary. During an interview with TIME at his Boca Chica, Texas, facility on Dec. 3, Musk discussed his wealth, the electric vehicle market, SpaceX and the latest on his relationship with Grimes.
On cryptocurrency, Elon Musk said, “I’m not a huge hater of fiat currency like many in the cryptoworld are. But there are advantages with crypto relative to fiat in that fiat currency tends to get diluted by whatever government it is. It ends up being a pernicious tax on people, especially those who have cash savings with dilution of the money supply. I could wax on about the nature of money for hours because I played a significant role in creating PayPal. There are very few people that understand [the money system] better than me.”
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