Elon Musk is a 'tourist' in the cryptocurrency market, says CEO

Elon Musk has been a center point for the cryptocurrency market for some time now, and after the events of Tesla accepting and then denying Bitcoin as payment for its electric vehicles, some people have questioned Musk's motives for being involved in the cryptocurrency market.

One individual who has questioned Musk's motives is CEO Alex Mashinsky, the head of a centralized cryptocurrency lending platform called Celsius. Mashinsky says that Musk isn't helping the cryptocurrency community and suggests that he is manipulating the market by saying that he is a "tourist" that visits and leaves the the land of cryptocurrencies.

Additionally, Mashinsky says that Musk is the one benefiting from accepting Bitcoin as payment for its vehicles and not the person doing the purchasing. Here's what Mashinsky said, "If the richest guy in the world is willing to exchange a Bitcoin for a Tesla, you have to ask yourself, who is getting the good deal? The minute you buy that Tesla, it's worth less than what you paid for it, but Bitcoin is going to continue to increase in value. So that transaction is good for Elon, but it's not good for you."

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