Musk's 'Money Doesn't Have Power' Video Goes Viral: Here's What He Says About It

An old video of Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is going around on social media again. The footage where Musk says that "money has no power in itself" has gone viral on Twitter. 

The video clip was from April after Musk announced his intention to buy Twitter.

"People get confused sometimes they think an economy is money. Money is a database for exchange of goods & services. Money doesn't have power in & of itself. The actual economy is goods & services"- @elonmusk pic.twitter.com/TzquCRWNqb

— DogeDesigner (@cb_doge) July 23, 2022

In the video, Musk says that money is a database for exchanging goods and services. The actual economy is goods and services.

Musk agreed to what he said during that interview, and on Sunday, Musk posted 'yes' to the video, implying that he firmly stands by his comment on money and its power in the viral video. 

Yes

— Elon Musk (@elonmusk) July 24, 2022

People started trolling Musk over his statement on the economy and money, and that only the wealthiest guy in the world could assert that money has no influence. 

Also Read: Elon Musk Laughs At Warren Buffett: What Did The Oracle Of Omaha Say?

Here is what one of Musk's followers wrote: 

This is a deep known secret that is so difficult for us to grasp! When u do… u become @elonmusk

— Alpa Patel (@patelchief) July 23, 2022

Another Twitter user wrote that the American people and some world economies believe in the hard value of money.

Since dollar is not back by gold or hard commodity; Elon justifying the value of the economy is goods and service not money setting up the why crypto currency. Accept the American people and some economy’s of world believe in hard value of money, creating growth. Not empty space.

— Lucky Cruz (@Luckyswing5) July 24, 2022

In 2021, Elon Musk was the second-richest person in the world after Amazon.com, Inc (NASDAQ: AMZN) founder Jeff Bezos. However, In 2022 Musk became the wealthiest man with a net worth of $219 billion.

Musk's battle with Twitter Inc (NYSE: TWTR) is on the verge of taking a new shape. A Delaware judge has granted Twitter's request to fast-track its lawsuit against Musk, seeking to complete his $44 billion Twitter purchase deal.