Elon Musk recently mentioned that he doesnt focus much on cryptocurrency anymore.

During a talk with Ark Invests CEO, Cathie Wood, on December 21, when asked about the influence of Bitcoin on finance, Musk stated that he rarely thinks about cryptocurrency these days.

Elon Musk added, I have thought for a long time about money and the nature of money. What is money? Its really a database for resource allocation.

Musk stated that as long as its rule-driven and the government doesnt misuse it, fiat currency works well as a system for managing resources.

Musk compared the money system to an information system. He explained that we should view money issues in the same way we approach information flow, aiming to reduce disturbances like inflation, which he likened to adding interference to the system.

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Elon Musk Admits Minimal Thought on Cryptocurrency - Crypto Times