Elon Musk: Bitcoin Has ‘Quite Brilliant’ Structure, Paper Money Is Going Away

> “[...] paper money is going away, and crypto is a far better way to transfer value than pieces of paper, that's for sure."

I don't know why he's comparing cryptocurrencies to paper money. Government-issued money is mostly transferred and stored electronically, not with banknotes and coins, and I'm sure he knows this. Is he also including checks?

Full interview (relevant part starts at 25:30): https://ark-invest.com/research/podcast/elon-musk-podcast