Bitcoin was originally created to prevent speculation and inflation, independence from the global mainstream conventional money oligarchy, and privacy protection from Big Brother tracking.

But like communism, capitalism, and democracy, et cetera, Bitcoin, and hence all the cryptocurrencies, was soon kidnapped by nefarious profiteers and entire spectrum of other forces and became infinitely more evil than the system it was created to replace.

As I see it, Bitcoin's biggest weakness is that it is based on conventional money, which itself is based on nothing more than pretense, and both are doomed to imminent collapse.

I'm flabbergasted that both have lasted even this long.

I suspect that's what Elon has also concluded.