Tesla CEO Elon Musk explained his position on cryptocurrencies in a podcast. He founded online bank X.com in 1999 and later merged to become PayPal. The interviewer asked him what he thought of Bitcoin and cryptocurrencies because they are similar in nature to X.com. He replied "not paying attention to Bitcoin". When referring to Satoshi Nakamoto's white paper as "quite clever", he stated that his position on cryptocurrencies "irritates cryptocurrency people"; "Some transactions are clearly outside the scope of the law and often there are many laws in different countries Cash is used for these (illegal) transactions. However, in order to conduct illegal transactions, cash must also be used for legal transactions. You need an illegal to legal bridge. That's where the cryptocurrency enters.