Bitcoin news LIVE – Elon Musk says he ‘supports crypto over fiat currency’ after backlash as bitcoin divorces skyrocket

TECH billionaire Elon Musk shared his support for cryptocurrencies over legal tender in a reaction to the Bitcoin backlash he faced in previous weeks.

Cryptocurrencies including Bitcoin suffered dramatically since Musk announced that his company Tesla would not longer accept the payment for their vehicles.

Reacting to last weeks backlash after one person asked him about the anger he faced, Musk tweeted: “The true battle is between fiat & crypto. On balance, I support the latter.”

Meanwhile, a successful divorce lawyer has said she has seen a five-fold increase in divorce inquiries revolving around cryptocurrency since 2017.

Nicknamed the Diva of Divorce, Ayesha Vardag told the Telegraph called the usage of crypto wallets to mask wealth as a “cat and mouse game”.

“It can feel like a cat and mouse game with increasingly sophisticated techniques being used by parties to hide their true wealth during divorce proceedings,” she told the outlet.

“In the same way that offshore trusts and investments have been used as tools to facilitate hiding assets, Bitcoin and other cryptocurrencies can be used to hide your spouses’ true worth.

“As cryptocurrencies become more established they will undoubtedly enter mainstream divorce proceedings.”

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